Starting Out Rehabbing

[Account Closed]

As a beginner, should I be accurate on repair cost or should i lean on an expert & get a bid from a GC while analyzing a potential project? Also, how many GC should I work with to see who gives the best pricing?

[Jesse Thurston]

I would highly suggest reading a book on estimating rehab costs. J Scott has a good book that was helpful for a starting place. This will help give you an idea of what to expect and to see if contractors are giving fair prices. The investors I work with started out getting three different bids and eventually found someone that they do everything with now. Most of the time you will have to estimate the rehab on your own and once you purchase you get can get bids. I know some teams that have a go to guy will check it out before purchasing, but that can be hard to find starting out.