Updated about 3 years ago on . Most recent reply
Rehab budget template
Hello all,
My business partner and I are looking for a rehab budget template that we can use to provide to contractors when they are submitting bids for our flips. Can someone share their template? Currently, we are only receiving a scope of work with not much itemization for labor and materials. Thanks in advance.
Most Popular Reply
Contractors hate doing itemized estimates, and you definitely have to set that expectation that you are looking for one up front before they even come out. Some will refuse to do an itemized bid, and usually I just pass on those that don't provide it.
When I'm walking through a property I usually have my phone recording it in one hand, and I take notes on the scopes on this estimation spreadsheet with the other:
https://www.biggerpockets.com/files/user/kubaf/fil...
The reason I alway record the walkthrough is that invariably I need to refer back to it when bids come back.
Cheers!
Kuba