How to Estimate Repair Costs for Your Next Rental Property

[@de_Atavist]

Coach Carson, you are providing SERIOUS value sir! God Bless!

[@TheEthanHunt]

By far the best channel. You are 10x better than Bigger Pockets because you actually get deep into the detail. Big fan of your content!

[@CoachChadCarson]

thank you for the compliment and for watching!

[@joshengen4480]

Love the video! This is the kind kf stuff very few real estate channels talk about but its so important. Loved yoir video on preventative maintenance also. Thanks Coach!!!!

[@CoachChadCarson]

I appreciate the feedback! I'm trying to keep it practical and helpful on the stuff we rental investors actually need!

[@Kiim_Bishop]

This is so helpful!! This is the part that I’m most fearful of in real estate investing since I don’t know reno costs at all!

[@AberrantArt]

This is the EXACT type of video I always hope to find and never do. Thank you for this! Please do more rehab estimate videos and some general pricing and thought process for estimating rehab.

[@FourJaysFour]

This market there’s so little time to view. Would love to hear more tips on red flags to look for as signs there are deeper issues. Dawn’s example of a black mark on the receptacle. Older homes which don’t have as many clean outs to have ability to check for septic issues, etc

[@danielliao8729]

Thank you Coach! Pragmatic concrete steps for us. Not some abstract concept. I like Dawn’s end in mind concept. This was listed as one of the 7 habits of highly successful people by S. Covey in his famous book by the same title. I also like the spreadsheet. This redundancy keeps things safe and honest. When I see my critically sick patients I have built in check off list in my mind that I always use to prevent a big loss (in this case a life) because gut feelings, first impressions, self-biases always affect care. Same factors affect rehab cost estimates. Thank you for the spreadsheet. I had been constructing one for myslef, but this is already done for me. 🤙🏼

[@CoachChadCarson]

You're right! I love that idea in Covey's 7 Habits book. What works in life works in a remodel😄 Thanks for sharing your experience in the medical field..great reminder about checklists

[@TheCommonSwift]

Thank you very much for this video! This information is very useful for investors, especially at the beginning. Where do you recommend learning more to know how to extend renovation costs?

[@CoachChadCarson]

Glad it was helpful! I like the Book on Estimating Rehab Costs by J Scott. You can find it on BiggerPockets

[@laurasamaniego5937]

Very informative. Thank you so much for sharing

[@AberrantArt]

This is the stuff I LOVE!! ❤ THANK YOU COACH!

[@CoachChadCarson]

So glad! Thanks for the feedback

[@joshengen4480]

I still reference j scotts book from bigger pockets about estimating rehab costs. Its a great resource but its old enough that i think the prices are much lower in the book then in real life... Do you know of any other books thay have more current pricing?

[@CoachChadCarson]

J Scott's book is awesome. It's also the system I have used for years. Dawn's book is more about the remodel and purchase process as a whole and not just estimating rehab costs, but I like her book. And her budget spreadsheet is very helpful.

[@dawnfoster6530]

The majority of houses in New England are over 100 years old. Most of us don't want 'newer' homes because they're just not built as well. The 100-yr old homes are solid and usually just need some cosmetic upgrades.

[@Javier-bu9jk]

What was her website?

[@AleksandarPopivoda]

Great content.

[@CoachChadCarson]

thanks for watching!

[@nonexistent5030]

Love this negative cash flow with tenant favoring laws!

[@iwantosavemoney]

Neat a inclusive punch list

[@CoachChadCarson]

Hope you find it helpful!

[@jimross2101]

You mean Zinsco circuit breakers.

[@jimross2101]

If you are spending more than $30/sqft to reno an investment property, you are going to have a hard time getting any meaningful cash on cash return.