BRRRR Rehab Estimation

[Josh E.]

I am in the process of searching for my first "BRRRR" property. As someone who has very little construction/rehabbing experience, I have a tough time determining what needs to be repaired or replaced and what the associated costs would be.

For people who have "BRRRR'd" before, at what point in the process do you have a General Contractor or Home Inspector walk through to find what needs to be fixed and the price tag? On the initial visit to the property? Before you make an offer? After it's accepted during the inspection period?

Curious to hear from those who have done it before.

[Jean Laurin]

FYI: Bigger Pockets Publishing has a book called "The Book on Estimating Rehab Costs: The investor's guide to defining your renovation plan, building your budget, and knowing exactly how much it all costs" by J Scott.  They just released a revised edition. It's in the Bookstore on this site.  This might be helpful for some things.