How To Estimate Repairs Quickly - Real Estate Investing Training Video for Wholesalers and Rehabbers

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Uploaded by on Feb 15, 2009

http://www.localmentor.com Michael Jake here again with another quick video to help you get a better grasp on how I can quickly and accurately gauge the repairs on a big rehab project. This technique works whether you intend to wholesale or rehab a property. One of the biggest fears I help my students overcome is how to get the repair estimates right so no one makes a costly mistake that might kill a deal.
Here's a simple formula I use on a house that's trashed like this one was. For more videos and lots of free real estate investing training go to http:www.localmentor.com

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  • how to you calculate the rehab when the whole house doesnt need rehab. maybe just the living room or kitchen. Do you just take the sq ft of the area you will be rehabbing? thanks

  • Thanks Mike... scary video ;-) How does anyone allow/tolerate a house to get in that condition? Does it take a long time to get so trashed? It seems unbelievable that a house could just be so... for lack of a better word Trashed. It looked as if a garbage truck came by and dumped a load of trash in the place... wow! Should you be wearing a HASMAT outfit ??? ;-)

  • thanks for your videos Michael! You are blessing people with your knowledge you share for free..!

  • nice find it looks like a crack house

    o your going to make allot of money flipping that shit hole

  • outstanding information. Thanks

  • Wow, looks a lot like my old house, lol. I swear, it wasn't my fault, some day I'll fill you in on the story

    ;)

  • Great insights Michael. Your videos are extremely helpful. Keep up the good work

  • Great videos! I've read books for years without taking action and these wholesale videos helped put it all together for me. One month after finding them I made $5000 on my first wholesale deal! Thanks a bunch!

  • Michael-

    Great video for 1st timers. Thanks!

    Sincerely in Christ,

    Leesa C.

    Eph.2:8,9

    L.J. Cramer Properties

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