That's how to come up with an offer quickly and easier without making a (bad) estimate of repair costs and multiplying by a percent, etc. 

We are currently looking into construction loans and that are requesting the the estimated value of the property.

Rehab estimate is 25K and I plan to pay for that using Personal Line of Credit with about 8% interest.

Hey everyone, I just got done reading "How to invest in real estate." I like how it gave you a few things to just start practicing a few times a day. One of them is to get involved in these forums so this is my 1st po...

I am struggling with the timeline of getting a loan for a flip, offering/negotiating, estimating costs, appraisal and developing your scope of work. 

sigh, how about giving us an estimate and we can decide for ourselves. 

Do you already have the $125k HELOC secured or is that your estimate? 

We estimate having about $100k in equity, $72k remaining mortgage ($375/mo) and an estimated value of $170k+, granted, in this insane market.Comps in our area are renting for $1500+ per month (we’re within walking distance of a university and booming downtown area).I feel like we’re in a great position to convert to a rental and leverage our equity but I’m not sure how to approach the conversion of our current home and acquisition of our next.

So he can have fair estimate of whst something costs just by looking at it.Good luck with your research.

Do I estimate it solely based on the exterior condition of the property (assuming the exterior condition is a good indicator of the interior condition)?