Hi I am starting my journey with real estate investing and I've gotten stuck when it comes to analyzing whether a house is a good deal or not?

How do you know whether things in the house needs to be repaired or not when you are out of state? refrigerator need replacing? I tried filling out the BRRRR calculator and came up stuck for a lot of it such as how much repairs will cost?

any help?

Where do you live?  In my area (Seattle) a full rehab not including exterior work and electrical/ plumbing/ drywall costs $30/sq ft. Example for a 1500 sq ft house:

1500 sq ft x $30 = $45,000

General costs of additional items are as follows... of course this can vary greatly, but will give you a start:

Roof = $15,000

Electrical Panel = $5,000

Landscaping = $5,000

Exterior Paint = $6,000

Basic Deck build = $5,000

So your formula to calculate total rehab is:

Area x $30/sqft + Additional Item Costs

@sharehan jiha 

Typically once you have an offer accepted you would want to add an "inspection contingency" with your offer. This gives you the ability to get a professional home inspection from top to bottom of the property. Then you will get a 70-90 page report showing everything wrong with the condition of the property. After that you can hire contractors to come to the property and give you a bid or quote on how much it will cost to replace or repair problems in your home inspection.