Once you move further away from downtown, the properties get much larger, and the inexperienced could easily under estimate the repair costs in those.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

Im just ignorant of the fact about home materials and what need to be fixed in a home and estimating the cost AND how to do it.

We have estimate for the trash out already.It has 4 units, all have rents about $200/month lower than the market.

What a great industry. It allows for creativity and enjoying the fruits of your labor. I've been in this business in one capacity or another for nearly 30 yrs. I am looking forward to meeting others with the same enth...

We are looking to borrow around 60% ($42k) of the value of the condo (current estimated value of $70k) in order to reinvest that money into our business.   

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

I would have a contractor go in and give you an estimate to put a wall up.