I am looking at a couple of multifamily homes right now. This is my first...What's the best way for a beginner to learn how to properly assess repair costs? I see people walk through a home an just "know" and are ...
Hey BP Family!! As I look to purchase my first property, my fear and nerves are constantly keeping me from obtaining this milestone..with my biggest fear being estimating rehab costs initially. I fear the idea of purc...
Hello, I am midway done through my first gut rehab and flip in Chicago. The costs were super cheap partly because of COVID and partly because most laborers came in as personal favors from a friend.I recently purchased...
I’m looking for a book to buy to learn more about construction estimating. I want to remodel a home and would like a book that gets into specifics about pricing. And strategies to get the best bang for your buck. I wa...
How can I estimate rehab costs? I’ve never done a BRRR before I have no idea what anything would cost. I think it’d be best to walk the property with a general contractor but I’d miss out on the deal. Any advice here?...
When analyzing a deal, what is the best strategy for estimating rehab cost? Do you only do it after walking the property or inspections? For a newbie, how do you get close without really knowing what to look for?
Hello, I am not a flipper and don't pretend to be. I was wondering though those that do, and have experience with it if there are any formulas you may use? or a rule of thumb on how much money needs to be injected in...
In the process of meeting with a seller, I needed a quick tip on how to calculate the repair cost on a property? How do I determined if it need a basic repair or an extensive repair?
How should repairs be estimated on a potential buy:1. Bring a general contractor with you to give an estimate before purchasing.2. Bring different contractors for each area of repair before purchasing.3. Get an inspec...
Hi all,I realize this is a really detailed subject that's impossible to explain in 500 words, but does anyone have any tips on estimating rehab costs?I'll be scouting out properties for a BRRRR investor in Iowa, so I ...