Hey everybody! Newbie just starting the rookie bootcamp. Wanted to play around and practice with the calculators, and I watched the tutorial video on using the Wholesale Calculator. Question is, how do I have any idea what the repair costs are under different parts of the calculator with only a few photos of the property to go off of? How am I supposed to estimate this?
Real Estate Agent · San Antonio, TX · Member since 2019 · 1k+ posts · 832 votes
3y
You can contact a contractor for the specific areas in question, read J Scott’s book on estimating repair costs, or speaking with other experienced investors and wholesalers in your local market.
Hey everybody! Newbie just starting the rookie bootcamp. Wanted to play around and practice with the calculators, and I watched the tutorial video on using the Wholesale Calculator. Question is, how do I have any idea what the repair costs are under different parts of the calculator with only a few photos of the property to go off of? How am I supposed to estimate this?
THOW IT AWAY, why would you need a " wholesaler calculator" never heard of such a thing? So many new " tools". BTW its called flipping a contract, some guru called it wholesaling now everyone is a wholesaler.
You will not know the repair costs from photos or reading any books. You need to walk it with your GC, until you learn what it will cost.
PP, PLUS repairs. If it makes sense, put it under contract. KEEP IT SIMPLE
Get to a local meeting, do not even think about making offers, ,,,,YET. learn 1st,