3 Ways to Estimate Rehab Costs (Even on Your FIRST Deal) 

The Pro Desk at Home Depot and Lowes will also give you pricing/sqft for different work on a list of all kinds of work. From demo to flooring, paint, decking, drywall, etc....

The pro tip about a contractor answering questions was amazing.

Contractor sticking to the budget 🤣🤣

These are the videos that keep me subscribed. REAL concrete how to's.

Thanks for the info man!

Delete the background music

Fantastic video!!!!

ouch! and THIS is why more of us have started to charge for our bids. us contractors aren't rich, we survive off honest and long relationships. if we're just being shopped to the extreme and then picked apart with line items then its pretty obvious you don't care about us and our families that live off that money. asking us to line item everything isn't just unfair (who cares what each item is if the TOTAL bid is good), and, it takes away any security cushions we have in the bid. our company honors our bids. if plumbing cost $2,000 extra then I hope I overbid my paint to compensate and that's how I feed my kids each month. if you beat me up about my paint number then you took that cushion from me Im now working the weekend to try to make up for it. I appreciate the video and have read your book. but we've got to start looking at the contractor/investor relationship like a family partnership. if we all net profits then we all grow together. this is also where pre-meeting screenings are great, over the phone. to get it all out in the open what everyone is looking for. this is where the contractors would feel thankful for being notified about the large group being called in the quote, and you guys can determine if you have a good chemistry together. I also STRONGLY believe in the concept of YOU having your own pricing. Once you reach a particular size like yourself, us contractors are happy to come in and just have you tell us what your pay rates are for each project. If you want to save money, THIS is the best way to keep your contractors really happy. Why? Because we just get a phonecall from you saying this is what you need done, and this is what the payout is. We don't even have to write anything up. I get to stay working, see my kids tonight, and know that I've got another job on the books and THAT is worth the discount you'll be asking for. I'll come back time and time again. And if I don't like your price on a particular item then I can negotiate that with you or not take the job. But I honestly believe that the biggest savings will come from keeping us off the computers and letting us see our families.

Looking forward to the ARV episode !!

I learned so much! :) thanks a lot my friend! :)

Thank you!

Thank you so much!

Even easier... Pay your contractor a proposal fee to pay for their time to write up and quote your scope of work

Such an awesome video! Loved it. Do the estimates for a book written last year still apply?

Here in the Bay Area we start @ $50 per sqft and can go up to $200 per sqft

Shoutout Colorado! I’m looking to buy a rental property with my va loan!

Pay that contractor a fee for his time. Most contractors if they are any good will be slammed. Having three contractors show up to bid on same job will not work. How many times can you do that before those trades realize you are just getting estimates thus they won’t return your calls or text.

Wont bringing 2 -3 contractors be awkward to do?

The epic music in the background got me hype af though 😈🤣

When he refers to per s.f is he referring to the entire square footage of the house or is he referring to only the square footage where the actual repairs are to take place?

so in Japan were i want to invest they really don't like old. so they like to scrap and build new at 30 years. I am looking to BRRRR but do you think it will work as well?

The part I'm still missing is figuring out the idea of how much it'll cost before the purchase .. Are you bringing multiple contractors to the property before purchasing? I dont understand how that works

He busted out J Scott's book haha

💪

That square footage calculator is Way low on a serious remodel...

You’re a freakin genius bro…can I get this app for free

Are y'all saying they'll do it for free

Also i feel like if u bring a couple contractors they gonna give u a better bid cause they want to get the job and know theres 2 other guys gonna bid on it so they cant think they can just charge u up

Why’d he throw tallinasty in there so randomly lmaoo

Dude why would my ip be blocked I wanna buy your book !!!! 💔

I’ll save the viewer 16 minutes with one word. Outsource.

good luck at showing up to a property with more than 1 contractor haha

Build a relationship with one contractor and pour energy into that relationship. Reputable contractors won't allow you to string them along more than once... If you want the best price, and crappy results, go find a Chuck in a truck

I absolutely do not understand the pro tip. What do you mean by get other newbie investors to all invest $100 to come look at my property. Why would someone invest $100 to have a contractor look at someone else’s property?

Too much rambling. Too much music.

Yeah... We don't break out line item pricing... Sorry for your luck.

So 1) hire a contractor 2) multiply square footage by $5 to $25 depending on whether it's cosmetic, moderate or major rehab and 3) list each item to do and track down its cost. About 17 minutes spent for about three minutes of information. I like the BiggerPockets site but these waste-of-time videos do not help its reputation. Get to the point and get out. Who has time to screw around with these yabber-jabbers?

I am a contractor 👻 don’t waste my time

Knowingly wasting a contractors time, that’s the equivalent of stealing. Scumbag.

I’m sure he’s a nice guy, but this is one of the most disappointing RU-vid videos I’ve ever seen the title is here’s three ways to estimate. Rehab cost in the primary source is a go find a contractor. Gosh never thought of that one what is super revelation?