Title: The Book on Estimating Rehab Costs Pdf The Investor's Guide to Defining Your Renovation Plan, Building Your Budget, and Knowing Exactly How Much It All Costs
How much does it really cost to renovate your investment property?
Learn detailed tips, tricks, and tactics to accurately budget nearly any house flipping project and investment property renovation from expert real estate investor and fix-and-flipper J Scott. Discover the tried-and-tested steps of his professional framework and methodology for precisely evaluating renovation costs in hundreds of his own successful rehab projects. Determine how to accurately estimate all the costs you are likely to face during renovation—and get all of your rehab questions answered in a single place!
Whether you are preparing to walk through your very first rehab project or you’re an experienced home flipper, this handbook will be your guide to identifying renovation projects, creating a scope of work, and staying on budget to ensure a timely profit!
Inside, you will learn how to:
-Inspect every aspect of a property to create your renovation scope
-Decide which upgrade options provide the biggest bang for your buck
-Identify the 150+ most common renovations you'll likely encounter
-See big problems (like mold and termites!) and quickly fix them
-Assign accurate prices to every rehab task to build a detailed budget
-Determine which contractors are best for certain repairs or projects
-Break down the top 25 basic components of a renovation
-And so much more!
You don't need to be a contractor to flip houses, but you do need to know the fundamentals of budgeting and pricing your renovation—including everything from cosmetic renovations to complex installations and upgrades. This book gives you the estimation tools needed to produce the income you desire on your first—or next—investment deal!
Best Kept Secret for newer investors There are a lot of books about flipping, buying rentals, etc. This book addresses a key pain point for new investors and is masterful in doing so. When you start out down the path of investing, whether it be renting or flipping, you will almost immediately come to the "and then I put _blank_ into it to get it ready to rent/sell." and then you realize...how in the world do I know what ___blank___ is?!This book systematically breaks down all areas of a property and the types of repairs that one could encounter and then systematically goes through the range of cost for each type of repair, units of measurement for each repair (by square foot? by sheet? etc) and generally prepares you for dealing with contractors and getting estimates for anything you could think of.If you don't know about construction and contracting costs it can prepare you to ask intelligent questions when getting a quote, know what to expect, and empower you in unfamiliar territory. If you are familiar with various construction costs and related considerations, the systematic approach laid out by J Scott will help you "do your thing" in a repeatable and predictable way, which is the goal.This is a unique book in the field of real estate. If you want a book to read through by your fireplace to give you an overview of real estate investing, this isn't it. If you're moving beyond "theory" and taking your first steps into practice, this book is a must. If you're in practice and want to organize and systematize your rehab plans and cost better, this book is a must.I started with this book did any rehab, and have used it throughout a handful of rehabs now, and am amazed at how consistently accurate estimations from this book are. Once you figure out where your area fits in on the cost range for the ranges presented in the book (for instance our area work we've done tends to be in the lower 25% of the range j. scott presents), it becomes very easy to estimate a lot of unknowns.This is the book for when the rubber meets the road in your real estate investing journey.Still a good read to understand things that you might not think ... My expectations were set too high as the book ended up having a lot of caveats. Everything is really location based so the estimates don't really mean much when the ranges are significant. Still a good read to understand things that you might not think of that needs attention.If you only can buy one book on real estate — buy this one! This is THE BOOK to have! Excellent reference for beginner investors/rehabbers/flippers/landlords/homeowners, great for more seasoned professionals. It is packed with tons of information on how different parts of the house work, life expectancy of mechanical systems and materials, and price ranges for specific jobs. The authors give you countless tips on how to research problems and issues, what the expected price range might be and even how to find the right contractors for the job. Not sure if there's anything like this book currently on the market. Well written and easy to read.I keep going back to pull information from this book all the time. Highly recommend to read this along with it’s companion book "The Book on Flipping Houses: How to Buy, Rehab, and Resell Reside".
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Tags: B07MMTVVM9 pdf,The Book on Estimating Rehab Costs pdf,The Investor's Guide to Defining Your Renovation Plan, Building Your Budget, and Knowing Exactly How Much It All Costs pdf,ebook,J Scott,The Book on Estimating Rehab Costs: The Investor's Guide to Defining Your Renovation Plan, Building Your Budget, and Knowing Exactly How Much It All Costs,BiggerPockets Publishing,Business & Economics / Real Estate / Buying & Selling Homes,Business & Economics / Real Estate / General
