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    How To Estimate Repair Costs On A Rehab: A Simple System For Successful Repair Estimates As A Real Estate Investor
    How To Estimate Repair Costs On A Rehab: A Simple System For Successful Repair Estimates As A Real Estate Investor
    How To Estimate Repair Costs On A Rehab: A Simple System For Successful Repair Estimates As A Real Estate Investor
    Ebook59 pages48 minutes

    How To Estimate Repair Costs On A Rehab: A Simple System For Successful Repair Estimates As A Real Estate Investor

    By Jeff Leighton

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    About this ebook

    Discover How To Come Up With An Accurate Repair Estimate For A Fixer Upper Property Quickly.


    If you want to be able to quickly and easily come up with a repair estimate any fixer-upper property, then this guide will show you step by step how to do just that.


    In How To Estimate Repair Costs On A Rehab, I've taken everything I’ve learned and used in the real estate business when it comes to estimating repairs and broken them down so you can use the findings to your advantage. 


    In This Real Estate Investing Guide, you’ll discover…


    •    The 3 different methods of evaluating repair costs 


    •    Actual repair estimates and real numbers you can use no matter what type of market you are in


    •    The types of renovations that add the most value


    •    How to avoid common repair estimate mistakes 


    •    The system I use for finding the best contractors 


    •    And much more…


    Learning how to estimate repairs accurately will make you a better real estate investor and save you money. 


    The best real estate investors are not just the best marketers or have the most money to invest. To have lasting real estate success, you must know how to estimate repairs no matter what type of market or price range of property. 


    Understanding repair costs will make you a better real estate investor whether your strategy is rehabbing, wholesaling, development, rentals, or any other strategy. 


    Knowing how much it costs to repair properties will give you a competitive advantage over your competition so that you don’t get in over your head or pass up on amazing deals that need a little work.

    LanguageEnglish
    PublisherJeff Leighton
    Release dateJan 29, 2019
    ISBN9781796289039

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      Book preview

      How To Estimate Repair Costs On A Rehab - Jeff Leighton

      Author

      Author’s Note

      This book contains additional resources that I use on a daily basis as a real estate investor. Since I could not physically include these in the book, they are all available to download for free on my website www.jeff-leighton.com. That includes my deal analyzer, repair estimator, example contracts, marketing pieces that I use, recommended resources, helpful videos, and much more.

      Introduction

      Dear Friend,

      Welcome to How To Estimate Repair Costs On A Rehab. This guide was created to make it easier for you as a real estate investor to properly estimate repairs with real numbers and no fluff. Each section gives you valuable information on evaluating repairs, including one part with actual real-life estimates that you can use today. Additionally, you can download the exact repair estimator I use in my business for free on my website.

      If you are a looking for a 5-hour manual on real estate estimating with fancy diagrams and blueprints, then this is probably not for you.

      However, if you are looking for a no-fluff, straight-to-the-good-stuff training on how to estimate repairs for your rehabs, then you are in the right place. This book is mostly for newer investors, although I truly believe any level of investor can gain value from this book.

      When I was getting started as a real estate investor, there was no training guide like this. I either had to buy a $50, 2000-page book on construction best practices written in contractor language or I had to search the internet and forums to find out how much different repairs cost. Neither of those were good options, so that is where this book comes into play.

      Why should you listen to me? I make six figures per year as a real estate investor and have been mentored by some of the top real estate investors in the world. I’m not saying that to brag, but instead to give you an idea of where my advice is coming from.

      A word of note. Because of the different prices in each respective market, I give low estimates as well as high estimates, so you will have to adjust accordingly to your area.

      Moreover, this book is not for houses over a million dollars. Once you get over a million, the level of finishes, size of the rehab, and other factors can be drastically different from a house below 1 million.

      This book will help you become a savvier real estate investor because you’ll gain a better understanding of renovations and estimates. We will also go over how to find the best contractors, the best renovations you can do in terms of ROI, and mistakes to avoid.

      I try to share stories from my own experiences throughout this book so that you can get a real-world version of it too.

      I am looking forward to sharing my knowledge with you, so let’s jump into it.

      SECTION 1

      7 Things You Should Know About Estimating Repairs

      Before we jump into real-life estimates of all the components of a house, I want to go over seven general ideas when it comes to estimating repairs. This will help you better understand the real estate investing business and how much you should budget.

      For starters, not every house will need a full gut renovation. You need to get a good sense of what the comps have been selling for and what condition those

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