How to Quickly Estimate Repairs | 3rd Degree Thursday

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How to Quickly Estimate RepairsGood news, your marketing has worked! You’ve got a motivated seller who really wants to sell their house to you, which is great. But now you have a few things to figure out: How will you decide on fair market value? How do you estimate the cost of repairs? What should your all-cash offer price be? Today Matt takes on each of these crucial questions and provides a helpful formula so that you can put together an offer at lightning speed and get that property under contract.

 

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What You’ll Learn:

  • Why you don’t want to spend too much time estimating repairs.
  • How to determine the fair market value of the investment property.
  • The multipliers Matt’s team uses at Cash Flow Savvy to do a quick and dirty estimate of different levels of repair costs.
  • The formula to determine your all-cash offer price; and
  • What to do if the seller doesn’t agree with that price.
  • When and how to solicit a more official estimate for repairs.
  • What to do if you originally underestimated the cost of repairs.

 

 

Recommended Resources:

  • The ultimate training environment for real estate investors: Version 3.0 of The Epic Pro Academy!  New look, new lessons & new content – we’ve got everything you need to know to get your first paycheck!
  • Free! Get the two fastest and easiest strategies to a paycheck, Go To: FreeRealEstateInvestingCourse.com
  • GREAT NEWS!!!  We secured over $13M of funding to the listeners of this show!!  Get access to fast cash for your real estate investing business with our unique credit-based funding program at EpicFastFunding.com
  • Work on your business rather than in your business by leveraging the time of others.  Access free information and find real estate-trained virtual assistants to help you free up your time.  Learn more at VAsForRealEstate.com.
  • ATTENTION ACCREDITED INVESTORS: Diversify your portfolio by hitching your wagon to our train and sharing the profits. Go to EpicWealthFund.com to download the executive summary.

 

 

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