Getting quotes from contractors on "potentials"
Hi BP community,
I am looking into getting into my first deal, looking to do the BRRRR method on a smaller single family in a developing neighborhood.
As I'm looking at properties and analyzing their potential, renovation costs is obviously a huge factor. I am not a contractor, so what is the etiquette around taking a contractor out to potential properties to get an idea of renovation cost? I don't want to waste their time because I know that typically there is a small percentage chance on the deal actually working out, but I don't know how else to accurately estimate renovation costs.
I have looked at the rehab estimator tool on BP and try to ballpark it but ultimately I know that I will not know everything, and wouldn't want to botch my first deal off of not accurately planning for reno costs.
Would appreciate any input - thanks!