Help determining repair costs and thoughts on BRRR approach

[Adam Beachnau]

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

[Timothy Tooker]

@Adam Beachnau

    1. Find a Realtor/Agent 

A. Who actually knows what is a good investment is (BRRRR or Flip).

   B. Who actually knows what a legitimate construction cost are.

2. Find a good General Contractor (GC) that can handle the renovation for you. Make sure this GC is licensed and insured. 

If you need help finding those type of professionals, feel free to email or call me. My contact info is in my profile.