Dear BP RE developers:We are building a single storey 2 Unit 2250 sf flat roof retail building (unfinished) in Houston on 8200 sf lot on a busy street. 1. Was told that it is likely that we need to build underground f...
Hi everybody. I'm evaluating a deal on an 11 unit building. I have the Owner Statement, but it doesnt have a breakout of the costs. As you can see expenses are 45k a year. The owner bought the thing for cash, so that ...
Hello allI am making great progress to purchase my first rental property (multi unit) and i am using BRRR strategy. In order for this to make it happen, I need to work on my rehab estimation skill. I am not a handy gu...
Looking into my first deal and stalling a little after walking through property side by side twinasking 70,000 for both sides; 2400 total square feet, 1200 each sideone side is almost completely gutted with new electr...
How does one go about estimating repair costs? I'm completely new to this and this seems like one of the biggest hurdles for me. Any advice appreciated.
Thanks.
Ok, well... Ive never flipped a house before, I have no idea what supplies and materials cost, and I dont know what's a good price for a decent contractor. How do you guys figure out this cost on your first flip?
As a new wholesaler, I'm still confused how I estimate rehab costs when determining the maximum allowable offer and the profit potential. As a new investor, I have no experience or knowledge of rehab costs, so it wou...
I'm looking for some general guidance on rehab costs that I can apply to my MAO formula when making offers. I know it depends on a bunch of things, but looking for general rules of thumb (incl labor). I work in DC, ...
Just purchased a single family home as an investment property in Chicago. I was hoping to rehab the kitchen and bathroom for 15-17k. The kitchen needs new cabinets paint and time floor. The bathroom is a total gut, b...
Hi Friends,I am analyzing a deal for wholesale and wondering how I estimate holding costs if I don't know the rehabber's financing. This could vary significantly.