Hi all - I'm interested in purchasing an "as-is" property with an all-cash offer. Goal is to BRRR from there and use the refinance to fund the next property. That said, I don't have the skills (yet) to inspect a property to evaluate rehab costs / time. For instance, are there roof issues? Foundation issues? HVAC issues? What's the total cost of the rehab?
How have others gotten around this? Do you bring an inspector / contractor with you?
Thanks for your insight!
Hi @Alex Hymanson , it depends on how hot your market is. In the best case scenario, you can tie it up under contract using very rough $/sqft estimates, then bring in your contractor during the due diligence/ inspection period to give you a solid quote. Best of luck!