How to Analyze a Contractor's Bid on a Rehab Property (Real Numbers)

When you're rehabbing a home, you're putting hard money on the table. Putting money on the table means you need to be sure of what your costs will be.

If you make a bad buy right up front, you will not recoup that loss. If you over rehab a house, you will not always get that investment back. One of the absolute biggest mistakes made in this game is over-rehabbing a property. You never want the McMansion of the neighborhood (those are tough to sell).

In this video, we break down what we plan to do with our latest acquisition. We will go over the bid from the actual contractor and how we negotiated things and weighed our options.

We'd love for you to comment on the video your thoughts and how you would handle the rehab based on what you have seen in the past walkthrough video.

If you weren't able to watch the walkthrough video, you can visit our YouTube channel here and check that out!

Are You Interested In Starting Your Real Estate Empire?

If you are interested in flipping houses like this one, or just want to get any kind of real estate investing under your belt, we have solutions for anyone at any level.

We are the Nation's authority in No Cash, No Credit Real Estate Investing. We are on a mission to empower 1000 Real Estate Investors with the education and support needed to achieve financial freedom through Real Estate.

If you're interested in becoming part of our PINK Family, we are currently offering New Year's resolutions discounted pricing and in-house financing. You can learn more by checking out what it means to become a PINK Affiliate.

If you'd like a chance to meet our team here and get some first-hand knowledge of who we are and what we do, you can join us for our virtual PINK Experience! We will break down the strategies that we implement each day within our own Real Estate business—showing you how to do what we do and how you can implement these strategies right in your backyard.

Reserve Your Seat for PINK Experience Today

Video Notes

Part 2 of a rehab instructional series on how to flip a house start to finish.

► Learn How to Make 10-15-20-30-40,000 Dollar Paydays in Real Estate without Risking any Cash or Credit: https://www.pinkaffiliates.com/pink-e... 

Ever wonder what it truly costs to rehab a house?

Maybe you’ve thought about rehabbing a house, but you can’t find the money, or maybe you’ve secured a home and can’t fund the deal and need other options.

This video will take you through a recent home we have under contract to rehab.

We walk the home, investigate the contractor's bid and break down the exit strategies and options we have on this property. We hope you find this video informative, conversational and thought provoking.

Chapters:

00:00 - Exterior costs

03:19 - Interior costs

07:15 - Misc. items

08:18 - Mr. Murphy

10:10 - What's next?

PINK TV is the ONLY channel dedicated to bringing you the latest trends and real-life testimonials from non-traditional real estate investing strategies.

Build your own real estate business

► https://www.pinkaffiliates.com/store 

Frequently Asked Questions: Can a PINK Affiliation be a side hustle? ►https://www.youtube.com/watch?v=tziAO...

What is an Executive Lease Purchase in real estate? ►https://www.youtube.com/watch?v=iGvNs...

How do PINK Affiliates make money in real estate?

►https://www.youtube.com/watch?v=aWCiA...

Be Part of The Fastest Growing Non-Traditional Real Estate Business Opportunity in the Market. Little Pink Houses of America™ is a purpose driven company on a Mission to become North America's recognized leader in Lease-to-Own homes, by creating 10,000 new homeowners by 2025! We need good people like you to help us achieve this mission.