All Forum Posts by: Frank Cole

Hello,

Relatively new to investing, and am having difficulty in ball parking repair costs when making an offer.   For you experienced DFW investors who often may even make an offer on a property site unseen, is there a formula , you use to guestimate how much a rehab will cost

(e.g. "x" dollars times sq ft. + big 5 (foundation, plumbing, roofing, HVAC, electricity))? How does that change between rehabbing for a rental vs. rehabbing for retail?

I'll be using a general contractor, and currently plan to flip properties.

I realize that I need to verify my numbers during an option period or prior to making an offer to a wholesaler, but am trying to get a good starting place prior to dragging a contractor out to the property.  

Any and all thoughts are much appreciated!  Thanks!