Estimating Exterior Repairs for Rehabbing
In part 1 of this series, I shared that as an investor, developing the skill of estimating repairs is key to your success and making a profit. I also provides some tips, process, guidelines and first steps to take. In this post (Part 2) I am sharing some exterior repairs…
The Skill of Estimating Repairs
…a key skill you need as an investor. As a real estate investor (e.g., rehabbing single family homes), this is a key skill you need. Don’t rely entirely on contractors and tradesman to do this. Remember you are competing for good deals so you don’t have much time to analyze and…
By My Estimation…
How to quickly estimate the repair costs… …of a house you’re thinking of flipping profit. Master this skill so you can estimate repair costs (even without physically seeing it) so you can quickly decide if you have a good deal. With time and experience – you can accurately estimate. It’s…
Get Your Ducks in a Row
OK, so you bought your first (or second) ugly duckling house at a great discount! You’ve visualized it as a prince and calculated the after repair value (ARV). You’re excited about the profit when you sell it but wait… …there’s the rehab project to get done. Get your ducks in…