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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

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Andy Whitcomb
  • Investor
  • Black Diamond, WA
126
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123
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Best book about managing a rehab (and keeping it on budget)?

Andy Whitcomb
  • Investor
  • Black Diamond, WA
Posted Oct 24 2020, 12:01

Can anyone recommend a book or other resources that I can use to educate myself on systems and processes to improve the rehab process, specifically related to budget?

I have done 4 rehabs now (buy and hold), and I've found that my rehab management skills, while improving, still need some work. In general details are not my strong suit, and I don't have a good system for managing expenses and keeping the project on budget. I really want to do more BRRRR's, and maybe even some flips, but I'd like to get really good the management side of it first.

I believe it starts with getting an accurate rehab budget to begin with (this was the problem on my first BRRRR, a full gut 4 plex), so I'll be buying J Scott's book on estimating rehab costs as a start.

Any insight would be appreciated!

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