Estimating Repairs | 3rd Degree Thursday

Estimating Repairs | 3rd Degree Thursday

Estimating-RepairsFor this edition of Third Degree Thursday, Matt goes into detail about the quick ‘n’ dirty formula he uses to estimate the cost of repairs. With this formula, you are able to quickly create an offer, ensuring that you can secure a property with a contract without any delay. Matt explains how, once you have the property under contract, you can then get your estimates confirmed. He also explains how to negotiate the purchase price in the event that you initially underestimated it.



What You’ll Learn:

  • How to confirm your quick and dirty rehab costs.
  • What it means to make a property “rent ready.”
  • How to negotiate your purchase price if you’ve underestimated repairs.
  • Why determining the exact repair costs on a wholesale deal may not be necessary.



Recommended Resources:

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Matt Theriault

Real estate investor and educator.