All Forum Posts by: Scott Barber

I’m just looking for a rule of thumb approach for properties where I don’t have a firm quote for offer/quick evaluation.

Thanks!

Quote from @Ko Kashiwagi:

Hi Scott,

The calculation on repairs is very market/property dependent. Are you referring to a cosmetic or a structural repairs? If you want a rule of thumb, I would look at the average price/sqft for the repairs you are looking for in that area - whether it's floors or foundation repairs the prices differ from city to city.

0 Votes

Dallas, Texas

Thank you so much for the information and recommendations!

Quote from @Catherine McElwain:

Is this for a flip or BRRRR or???

For BRRRR, I use ARV x 0.7, minus repairs

Obviously it helps to have a contractor along to give you a rehab estimate. There is also a book BP put out years back called The Book on Estimating Rehab Costs. Materials are more expensive now than when the book came out. There is also a VERY ROUGH estimate of $20-80 per sq ft depending on what the house needs and what finishes you choose. Clearly that's not a great way to figure things out, but it's a start

0 Votes

Dallas, Texas

I just started in the Dallas market. Is max allowable offer ARV - repairs x 75%? Is there a generic number I can plug in if I don't have actual repair bids numbers? Any suggestions or recommendations are appreciated.

2 Votes

Dallas, Texas

What recommendations do you have in putting a proper investor package together in order for other investors and lenders to be able to analyze a deal and make a decision?

0 Votes

Charlotte, North Carolina

Great…thanks!!

0 Votes

Dallas, Texas

Cool….thanks. Would love to learn more about “subject to”. Any suggestions on material for that?

0 Votes

Dallas, Texas

Thanks so much, I appreciate it.

0 Votes

Dallas, Texas

Hi all! Just joined the group. Quick question(s), does anyone have a good seller lead service in Dallas area? I’m also looking for best website development tool for real estate investment companies. Any suggestions or recommendations will be appreciated. Thanks!

0 Votes

Dallas, Texas

All Forum Posts by: Scott Barber

Scott Barber has started 2 posts and replied 10 times.

Post: Anyone do Grant Cardone Success System?

Post: Max Offer Calculators

Post: Max Offer Calculators

Post: Max Offer Calculators

Post: Max Offer Calculators

Post: NEWBIE FIRST DEAL-FLIP What is your opinion on these funding strategies? Next steps?

Post: Looking For Help

Post: Looking For Help

Post: Looking For Help

Post: Looking For Help