All Forum Posts by: Stephanie Smith

@Jonathan Greene I am sure I can learn, as with everything else I’ve done in life. I’m not asking to fly to the moon here. Everyone has to start somewhere. Perhaps I should ask what is the best way to gain knowledge. I learn best by doing. I thought here would be a good place to start. Thanks for the feedback.

Hey BiggerPockets Community,

First post here. I want to get started in wholesaling. I have no investing experience. I have been doing a bunch of research but still confused on a couple things, mainly determining the cost of repairs to find out if you have a deal or not?

My questions are:

How does one figure out the cost of repairs if you have no experience in determining what certain things cost?

What is the best way to find someone locally to assist in determining repair costs and ARV?

This is some basic info on a property I found. Can you help determine if this is a deal based off this info? If I missed anything please ask. I’d appreciate any tips. Thank you :-)

3 bdrm

1.5 bath

1,300 sq ft

Built 1925

Selling as is. Needs complete plumbing, HVAC Electrical, bathrooms, kitchen, dining area, floors need to be sanded, paint, new windows, and roof

Estimated at 67k

Last sold for 69k

I believe similar homes are between $130k-145