All Forum Posts by: Mike Shin
Mike Shin has started 1 posts and replied 5 times.
Post: What is a good way to learn about rehab cost?
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@David Robertson Thank you for such thorough instructions. I actually just purchased his book few minutes before reading your comments. I was a little concerned that this book was written in 2019 and I am assuming the cost has gone up significantly since then. But I'm glad it can still be useful. Once I finish the book, I will follow your step by step guide and hopefully I can be ready for my first investment.
Post: What is a good way to learn about rehab cost?
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@Peter Mckernan It makes sense I need to talk with local GCs to understand more realistic estimates. Before you built your relationship with your GC, what was the most effective way you used to find potential GCs?
Post: What is a good way to learn about rehab cost?
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Post: What is a good way to learn about rehab cost?
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Quote from @Caleb Brown:
Sit down with GCs, see if you can pay them for reviewing scopes of work. That would be a hard ask so the other option is analyze deals then pay GCs to walk before offering. You need to see actual scopes not broad estimates. In my area it's a few hundred bucks to pay a GC
Thank you for your reply. Discussing directly with GC seems like accurate way to know. Would you normally hire GC to walk after inspection?
Post: What is a good way to learn about rehab cost?
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Hello,
I am new to real estate investing with no rental property yet. I would like to learn more specifically about estimating rehab costs. I am assuming that rehab costs have increased significantly since 2020, and would like to be able to learn to estimate roughly before getting into my first project (light to moderate rehab). I am located near DFW area and have read book on rental property investing by Brandon Turner and BRRRR by David Greene.
If you could recommend books or resources to learn more in depth about rehab aspects of real estate investing, I would greatly appreciate it!