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Epic Real Estate Investing

How to Quickly Estimate Repairs | 3rd Degree Thursday

Epic Real Estate Investing

Matt Theriault

Business, Investing

4.7955 Ratings

🗓️ 22 January 2015

⏱️ 9 minutes

🧾️ Download transcript

Summary

So a motivated seller responded to your marketing and wants to sell you their house.  Now what?  How do you estimate fair market value?  The cost of repairs?  Your all-cash offer price? Today Matt tackles these questions and gives the formula that will allow you to craft your offer quickly so that you can secure the property under contract.  Enjoy!

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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 for a very special episode of Financial Freedom Friday with the man that started it all for so many of us, Mr. Robert Kiyosaki!

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Transcript

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0:00.0

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0:03.0

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0:20.4

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0:25.0

Take a free test drive at oracle.com slash Spotify.

0:30.0

There's diggin and then there's super digging.

0:35.0

There's food and then there's baker's super-foods.

0:38.0

There's food and then there's baker's super foods.

0:41.0

Made with selected natural ingredients and tasty chicken.

0:45.6

The food.

0:46.6

And then there's Baker Superfoods.

0:49.6

Boom! Hello! Boom, hello, hello and welcome, welcome to another episode of Third

0:57.8

Degree Thursday, the show where I subject myself to you, where I allow you to give me the third degree. So today's question comes

1:05.2

from Larry T out of Columbus, Ohio and the question is, how do you estimate repairs when

1:11.2

considering putting a property under contract?

1:14.0

Well that's a great question Larry and there's more to the answer that I have for you than just

1:18.9

what you asked and I'm going to get to that in 30 seconds.

1:22.0

Oh wait wait wait before you go anywhere, by the

1:23.7

way, this past weekend at San Francisco's Grub and Grow Rich event. Well great

1:28.8

turnout by the way is awesome to meet you all. I had a blast, like always, but there was one particular person who sat in the front row, particularly because he was late, and that was the only seat available was that one table right there. Mr. Doug Say, I remember you buddy, you raised your hand during the

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