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Updated about 9 years ago on . Most recent reply

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Eric Tan
  • Rental Property Investor
  • Park Ridge, IL
14
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67
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Rehab analysis: DIY or Delegate if multiple properties to look at

Eric Tan
  • Rental Property Investor
  • Park Ridge, IL
Posted

In your situation as investors:

Would it save you a lot of time to delegate to a team member or hire someone to do a detailed look through with pictures and videos and analysis on the cost of repair on the numerous properties that you want to look at?

How much is the cost for this kind of service? Say you have someone in your team to do this or hire someone.

Or is DIY still the best way to go? 

What if you want to analyze 50 properties that week?

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J Scott
  • Investor
  • Sarasota, FL
17,199
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

What is the goal?  Are you trying to figure out which properties you should go look at yourself?  Or are you looking for someone who can look at the properties and make purchase decisions for you?

If you're just looking for someone who can save you travel time, you can probably hire someone off Craigslist who can take pictures/video of each property for $10/hour plus gas.

If you're looking for someone who can create a Scope of Work, put together a budget estimate and evaluate potential issues with a property/rehab, then that's going to cost you a good bit more.  Those people are few and far between, and are probably either your employees or your competitors.

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