Host: Brandon TurnerWednesdayDecember 187:00pm EST / 4:00pm PSTAttend webinarRelated ResourcesRehabbing and House FlippingOpinion: You Shouldn’t Flip Houses While Working a 9-5 JobHow to Pay Zero Taxes, Minimize Risk, & Keep Your Sanity While Live-In Flipping10 Lessons Learned From 5 Years of Flipping Houses5 Remodeling Materials I Swear By (Perfect for Flips, Rentals—You Name It!)

, staging, marketing materials and advertisements. 

Its really hard for us to give you a good estimate without walking through your house and also seeing what prices for materials and contractors are in your neighborhood.

And yes most of the time its sight unseen and you don't know how much you will need to pay for the renovations costs especially if you aren't familiar with contract/material pricing.If you need to fully gut a 3 bedroom house it can cost $50k-$100k.2.

I'm very well connected with any & all materials depending on what ur into?

The BofA underwriter says that property owned by a flipper for less than 9 months is evaluated differently under their guidelines and they want to see our cost of material and labor for the improvements.

I’ll be spending $8,000 on the project with materials and labor.

Just interested to hear your thoughts on that.As I was reading through this thread, that was my thought as well.Every market is going to be different in terms of what acquisition strategies are working, the types of houses that are prevalent, the types of buyers that are prevalent, the cost of labor and materials, etc.I don't know about you, but it typically takes me a couple months to really learn a market, and it can take me a couple of rehabs before I'm comfortable with the nuances of the houses in a new area, the details of the permitting/inspection process in a particular area and finding/vetting contractors.I couldn't imagine trying to teach a new investor in an area that I'm not familiar with unless I had spent many weeks/months on the ground getting the lay of the land (and I've rehabbed in about a half-dozen different parts of the country).

. +/- 200 for extra materials needed.

When conducting rehabbing and house building, where is the best place to source market rates for labor and materials?