All Forum Posts by: Ryan Dickerson

@Yanina Panfilenka - thank you for the additional links/tools.

@Jonathan Klemm - thank you for the encouragement. Getting a GC to walk for a fee is great; I'll definitely use that in this area. 

@Evan Polaski - amazing recommendations on the quality of materials. This is exactly why I want to start plugging numbers with examples based on different finishes and different sized projects. I'd like to have an idea of an XS, S, M, L, XL, and XXL project size for comparison based on comps. for like-to-like properties in the area. If I can estimate (and then have a runover of 10-15% expected), I hope to get close to actual rehab costs depending on the materials used. 

@Bruce Woodruff - thank you for the quick response and information. 

I'm not opposed to walking with a GC, but I hoped to find something informational beforehand. 

I'll try the home link; thank you for sharing that!

As for your potential 'walk the property' service, I can see that being valuable for some investors. For a newbie like myself, it would be better for an in-person walk-through since I'm so novice I would have a hard time coordinating a video conference, questions I have/writing responses, etc., that it might be overwhelming. But that's just me. I can also see the alternative where a new investor would quickly understand the property and earmark costs before getting an on-the-ground GC to walk it. 

Thanks, again!

I'm a new investor in Seattle and have been analyzing flips, short-term, and long-term rentals using Dealcheck and some proformas that local agents and investors have sent me. Does anyone have a trusty renovation/construction estimate calculator or guide they use for our market? 

I have used Coach Carson's recommended spreadsheet from "Woman Builder" (linked), and it's excellent for listing all the various cost categories I may confront on a project. However, I haven't found a good source for quick estimates based on the size of the project, year of build, etc., specific to our market. I'm still looking for a general contractor, but I don't have regular deals to make a GC's time valuable when estimating each job. I want to assess independently before reaching out and doing further due diligence with experts. 

Any recommendations? 

 I have two long-term rentals in my portfolio and I’m getting into flips now. My goal is to stack rentals with the profits from flips. 

Hello, BiggerPockets community! I'm Ryan from Seattle, and I am passionate about investing in real estate for the long haul. I'm particularly passionate about real estate investing in flips and long-term rentals.

Outside of real estate, I enjoy running, cycling, and playing with my dog. 

Looking forward to learning from your experiences and connecting with you all!