Due diligence on a flip with an empty pool...

[Philip Hernandez]

Hello BP flippers. How do you approach your quick and dirty evaluations/underwriting on fixers with an empty pool. I don't think I'd let $ go hard until I've got a professional opinion related to the property I'm evaluating, but if you are doing a quick pass underwriting and all you have are pictures, how do you factor in costs associated with an empty pool? I'm in Southern California, so there definitely is a premium associated with homes with a pool, that in most cases will positively affect the ARV, but I want to have a range of values to place on this for the scope list I'm putting together

[Peter Mckernan]

Quote from @Philip Hernandez:

Hello BP flippers. How do you approach your quick and dirty evaluations/underwriting on fixers with an empty pool. I don't think I'd let $ go hard until I've got a professional opinion related to the property I'm evaluating, but if you are doing a quick pass underwriting and all you have are pictures, how do you factor in costs associated with an empty pool? I'm in Southern California, so there definitely is a premium associated with homes with a pool, that in most cases will positively affect the ARV, but I want to have a range of values to place on this for the scope list I'm putting together

 Two ways to look at it..

Just resurfacing, and the next is the huge burden.. Completely overhauling the pool. 
Resurface can cost about $8K
Redoing the pool, resurfacing, checking and confirming no leaks, redoing the heater/motor.. $20K-$30K..