New to Real Estate · Pottstown, PA · Member since 2019 · 4 posts · 0 votes
So I scheduled my first appointment tomorrow with an absentee owner and I'm not sure how to estimate the repairs. I spoke to the seller and he explained that the property is outdated. For some reason, he said the place was livable but then said it could be a gut job as well. I was a little nervous only because that was my first cold call. I would take any suggestions on how I should prepare for tomorrow's appointment? Also, what questions should be asked during the appointment?
Investor · Austin TX · Member since 2016 · 1k+ posts · 2k+ votes
7y
@London Houston If you arent comfortable estimating repairs then I would suggest paying a contractor to come and give you a repair estimate. Most sellers are fine with an investor bringing their contractor.
Rental Property Investor · Houston, TX · Member since 2018 · 174 posts · 100 votes
7y
I can give you a contractors number. They are investors but also contractors. It’s $200 for the estimate. I’f you rehab the property which you won’t since your trying to whole sale they credit that $200 to the job.