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Epic Real Estate Investing

Estimating Repairs | 3rd Degree Thursday

Epic Real Estate Investing

Matt Theriault

Business, Investing

4.7955 Ratings

🗓️ 5 February 2015

⏱️ 10 minutes

🧾️ Download transcript

Summary

On this episode of 3rd Degree Thursday, Matt elaborates on his quick and dirty formula for estimating repairs.  This formula is useful for crafting your offer quickly so that you can secure the property with a contract.  Once the property is under contract, Matt explains how to confirm your estimates and how to negotiate your purchase price if you originally underestimated it.

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If you have a question, comment or concern that you’d like Matt to address live on the show, send it to him at Podcast@EpicRealEstate.com and type "3rd Degree" in the subject line… or leave him a voicemail on the Epic Hotline at 1-888-891-7203.

See you tomorrow on another episode of Financial Freedom Friday!  

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Transcript

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0:00.0

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0:58.9

Yes, hello and welcome welcome to another episode of Third Degree Thursday the show

1:07.8

I subject myself to you giving me the Third Degree and today's question comes

1:12.1

from Greg Gordio, and Greg writes.

1:14.4

Hello, Matt. I just wanted to let you know that I enjoy listening to your podcast on iTunes and

1:17.6

had a question that in which I would like further clarification.

1:21.1

And one of your previous episodes, How to quickly estimate repairs you define as a good rule of thumb,

1:26.6

the repair cost being $5 for light rehab, that's $5 per square foot light rehab, $10 a square foot for moderate rehab and $15 per

1:35.8

square foot for heavy rehab.

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