How to Quickly Estimate Repairs | 3rd Degree Thursday


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.




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.



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