Estimating rehab cost of my first fix and flip
I'm looking to do my first fix and flip here in Pinellas County FL. I'm having a hard time estimating the repair costs. Can anyone give me some advice on where to research for the cost? Thanks in advance!
Most Popular Reply
Amanda, congratulations on your first property! I would recommend walking the property with a trusted contractor or multiple contractors and getting different bids. Now you know what you need, go check out Home Depot, Lowes, or any warehouse close to you. From there compare and contrast what prices you see differently. Get back with your contractor and tell them if you buy the materials, how much would they charge for labor? Always, always, always have a miscellaneous spot in your budget it should be at least 10% of your total rehab! Good luck and I hope the helps!