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Updated over 10 years ago on . Most recent reply

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103
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Anthony Kondor
  • Rental Property Investor
  • Chicago, IL
2
Votes |
103
Posts

How Can I calculate repairs on a property? Is there any Contractors bid sheets I can download or repair estimate sheet I can download?

Anthony Kondor
  • Rental Property Investor
  • Chicago, IL
Posted

Does anyone have a Repair estimate sheet, or repair calculation sheet i can use to calculate repairs, thanks I'm new to flipping and would like to become great at it, please help! 

thanks

Most Popular Reply

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64
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17
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Frank Woodin
  • Investor
  • Crystal Lake, IL
17
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64
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Frank Woodin
  • Investor
  • Crystal Lake, IL
Replied

Every area has different costs for repairs - Even Chicago (where you are) and the Chicago suburbs (where I am).  If you want a book that does a great job of helping estimate this cost I would pick up J Scott's Book : The book on estimating rehab costs ( you can get it on amazon).  I found it to be pretty awesome as well as his book on flipping houses.  Another idea that I have used is to get a contractor that you would use and have him walk you through a potential house that is for sale to give you an idea of what the cost would be.  That way you can get an idea on an actual contractors cost.  

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