Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Charlotte Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

38
Posts
9
Votes
Praveen Balaji
9
Votes |
38
Posts

Estimating out-of-state flips

Praveen Balaji
Posted

I'm an out-of-state investor investing in Charlotte. I recently purchased my first SFH completely remotely. For my next project, I want to improve my cash flow with a flip. I would appreciate some advice from experienced out-of-state flippers about estimating rehab costs remotely.

I have a reliable real estate agent on the ground who help me with my first project. I also have some contractors that I'm speaking with that are experienced with investors and flips.

Before I get my agent and contractor to estimate costs of a property, I would like to have a system in place where I can make some reasonable go/no-go decisions at scale remotely. How can I efficiently estimate what condition houses might be? Should I speak with the seller agent and then compensate for their bias?

Thanks in advance for all your suggestions.

Loading replies...