Help determining repair costs and thoughts on BRRR approach
I am looking at some potential properties in Tacoma, WA. I am new to REI. My background is in Finance so I am good with numbers, but don't have a lot of experience evaluating how much repair work a house needs to get it to rental material.
Here is the property I am looking at:
https://www.redfin.com/WA/Tacoma/506-S-38th-St-984...
Here are my questions:
- If you were a flipper, how would you structure your analysis of the repairs needed? Are there and "models" out there to help for beginners?
- If you were looking for help in the local market, which people would you reach out to to help build an estimate? Real estate agents? find local contractors? Flippers?
Thanks,
Adam