Hello everyone! My husband and I are in the preliminary stages of purchasing our first rental property. I've been reading books, reading BP forums, and listening to the podcast every spare moment I have.
Any resource I read or hear says to analyze as many properties in my goal market as I can to become an expert in that market.
My question is, how do I analyze numbers for the rehab piece of the BRRRR method if I'm just starting out and don't know what rehabs cost?
@Melissa Garza , the best way is to have a contractor that will tour the property, ideally before making an offer, and if not before, during any inspection period to give you a bid for the scope of work.
@Evan Polaski Thanks for the response! If I'm just running numbers for practice, should I just guess? If I'm actually pursuing a property, I would definitely bring a contractor with me.
For rehab costs, check out J. Scott's book: https://store.biggerpockets.co...