Call a couple property managers in your area and ask what they think it would rent for.Finally consider that while your agent is probably a good and honest person they are incentivized to give you the high estimate and not necessarily the most realistic estimate.  

Great thanks guys for going into more detail on that.

Hi all - I have a driveway issue and I under estimated the cost of a new driveway (learning opportunity!!).

Im looking to get advice on the numbers to get some insight from more experienced investors.Here is the breakdown:SFH: 3/1, 1177sfAcquisition: $80kReno estimate (from contractor): $25-30kHard money terms: 12% / 3.5points (will loan $90k)ARV: $135kRealtor fee: 6% (to sell)Homes sell in about 45 daysThe owner doesn't want to sell for less than $80k, but I don't think that gives us much space if reno costs creep up.

Early estimates have damages exceeding $50,000 for insurance.

I hope this isn’t a dumb question, but when comparing rates and terms for HELOCs from different banks, is it possible to provide my income/current expenses/credit score or SSN to run a credit check and estimated home value to different banks and get a good faith estimate of what the rate would be without having to apply first, since, from what I understand, I can’t apply at more than one bank at a time because it would be considered mortgage fraud.

I would also add on that you should ask them what deals they have closed in the past and ask them for some details on those deals so that you can see what numbers they work with, their level of detail, and if their deals make sense to you, because as you will see in this industry there are a lot of people who think they can make a quick buck and have absolutely no idea about finding a reasonable ARV, repair estimates ballpark, and/or calculate closing/holding/financing fees that buyers will incur.Also, make sure that they actually have the original contract to the house if they're assigning it to you because some people try to wholesale other wholesalers' deals and it's a mess.

Is there a way to quickly estimate rehab costs without having to visit potentially hundreds of properties?  

If you want to PM with some of the details of your portfolio I'd be happy to take a look.

Hello Omaha members,I just bought the book "The Book on Estimating Rehab Costs" and hoping to learn as much as possible about getting the numbers right for a property.