How to Estimate Rehab Costs on ANY House (STEP-BY-STEP)

[@RealEstateSkills]

💸 Entrepreneurs & Professionals looking to get started and work closer with Stan’s team, APPLY HERE: ➡ www.realestateskills.com/apply?el=htercapp 🥇Check out our ULTIMATE INVESTOR Program for Wholesaling & Flipping Houses: ➡ realestateskills.com/ultimate-investor?el=hterc ✍Check out our Pro Wholesaler VIP Program for Wholesaling Real Estate: ➡ www.realestateskills.com/pro-wholesaler?el=hterc

[@antwanstevens5259]

Extremely important Thank you

[@AISmartHomesFund]

new subscriber...excellent quantity

[@RealEstateSkills]

Thank you for watching and thanks for the sub! If you like to learn more about our real estate investing strategies and tips, check out our FREE webinar: www.realestateskills.com/webinar?el=hterc Happy investing!

[@benshapley3587]

What would be the ideal method for wholesaling? Since we need to submit offers ASAP and do not have time to contact GCs or do line by line estimations on a property.

[@RealEstateSkills]

Hi Ben! Great question! For speed in wholesaling, the ideal approach is using quick formulas and property analysis tools. Here’s a streamlined method: ARV Formula: Estimate After Repair Value (ARV) using MLS or tools like PropStream. Offer around 70% of ARV minus repairs and your wholesale fee. Quick Repair Estimates: Instead of contacting GCs, use rough estimates: Light Repairs: $10-$20/sqft Medium: $20-$30/sqft Heavy: $30-$50/sqft Use Software: Tools like PropStream or Privy speed up offer submission by pulling comps, estimating ARV, and providing property data. Know Your Market: Familiarity with local repair costs and comps helps you act fast. Hope this helps!💙

[@terreniskelley7191]

If you question a crew while they are working, would they give out the information who they're working for? Do they typically work for the cash buyer? Are they allowed to give out that info? (Sorry if it seemed like an unrelated question).

[@RealEstateSkills]

@terreniskelley7191 It's a fair question. Contractors are usually very willing to share who they are working with or at the very least give them your info. Contractors are typically hired on a per job basis, but if the investor is sophisticated they likely have a team of contractors they regularly use or have hired. Cheers! 🏠

[@tatianaivanful]

Are these numbers by square footage fora specific state or nationwide, tho? I'm in TX, I suspect $60 won't be enough according to at least lumber prices here

[@RealEstateSkills]

@tatianaivanful You will always need to run the numbers for your local area because cost of material and labor changes depending on where you are located.

[@kevinruiz7663]

I live in SC as well in Charleston, I find it hard to find many cash buyers. What other ways or approaches could I use to find cash buyers in this area??? (I’ve seen most if not all the videos) and still need some help

[@RealEstateSkills]

We have two videos that teach you two different methods to find cash buyers in your area. Video #1: kzbin.info/www/bejne/h2jQkpx3lt13iLM Video#2 kzbin.info/www/bejne/j6u6eISAhbCpbMU It is important to know that SC just recently changed their laws surrounding wholesaling. You should reach out to a local real estate attorney to ensure you navigate the new process correctly!