![]() What a waste of your valuable time! Instead, you should walk a house and in 15 minutes know your numbers and get your offer out.ĭetermine the unit measurement for each item of a rehab. ![]() Make More Offers with 15 Min Rehab Repair Estimations An investor spends days analyzing a house, meeting contractors, crunching numbers and then finally gets to a buy price number just to make an offer and have it rejected. Now, here’s the thing, you have no idea if your offer is going to be accepted and so you cannot spend a lot of time running the numbers just to make the offer. Once you know the repair cost (and ARV) you can calculate the buy price and then make an offer. Whether you are wholesaling or plan to fix it and flip, you must know the cost of repairs in order to run the numbers and determine the buy formula. It’s a bold claim but actually not that hard once you get the basics down…įirst of all, why is this so critical for real estate investors? One of my claims to fame is that I can teach you how to estimate the repairs on any house in 15 minutes or less.
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