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 (Fix-and-Flip, 2) PDF AZW3 EPUB MOBI TXT Download
How much does it really cost to flip a house? In this new second edition, get all the updated costs, upgrade details, and associated values when it comes to estimating your next renovation!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! In The Book on Estimating Rehab Costs, expert real estate investor and fix-and-flipper J Scott reveals the tried-and-tested steps of his professional framework and his methodology for precisely evaluating renovation costs from hundreds of his own successful rehab projects. Learn every detailed tip, trick, and tactic you need to accurately budget any house flipping project or investment property renovation. 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. 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 scopeDecide which upgrade options provide the biggest bang for your buckIdentify the 150+ most common renovations you’ll likely encounterRecognize big problems (like mold and termites!) and quickly fix themAssign accurate prices to every rehab task to build a detailed budgetDetermine which contractors are best for certain repairs or projectsBreak down the top 25 basic components of a renovationAnd so much more!
J Scott
January 17, 2019
205 pages
English
978-1947200128
File Size: 32 MB
Available File Formats: PDF AZW3 DOCX EPUB MOBI TXT or Kindle audiobook Audio CD(Several files can be converted to each other)
Language: English, Francais, Italiano, Espanol, Deutsch, chinese
ENTIRELY REVISED AND UPDATED!Over 40,000 first edition copies sold.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! About the Author J Scott spent much of his early career in Silicon Valley, where he held management positions at several Fortune 500 companies, including Microsoft and eBay. In 2008, J and his wife Carol decided to quit their corporate jobs, move back East, start a family, and focus on real estate investing. In the past ten years, they have bought, built, rehabbed, sold, lent-on and held over $60M in property all around the country. J is also the co-host of The BiggerPockets Business Podcast and the author of four books on real estate investing, which have sold over 200,000 copies and have helped investors from around the world get started with real estate. J and his family currently live in Sarasota, FL. <div id="
One of the overwhelming parts of house flipping, for a relative rookie, is finding a property and you are under the gun to come up with a cost to rehab it that ultimately leads to your offer to the seller. That can be the moment of truth; the make or break for the whole deal. Everyone is looking for the magic bean on how to quickly estimate rehab costs, especially for short sales and foreclosures, where time can be critical. This book, unfortunately, is kind of sold as that magic bean, in my opinion, and it will get you no closer to the beanstalk, unfortunately. It surprises me how highly regarded and recommended this book is on a variety of websites. I found it to be frustrating and vague, at best. I am glad I didn’t pay much for it, as I literally leafed through it like a brochure.First, if you are a contractor (which I am part-time) or someone who has dabbled in rehab work on a few houses and has a little experience (which I also have), the useful content in this book could be about 20 pages long. The author spends the first few pages of the book talking about making a plan for rehab, which includes a SOW (scope of work). This got me excited, picturing walking around with a clipboard, really getting down and dirty about what needs to be fixed and to what extent; making quick rule-of-thumb estimates. The problem is, he never really discusses exactly how to make the plan, just that you should have one. Duh? The other frustration for anyone with handy know-how is that the majority (100+ pages) of the book describes, sometimes in inaccurate gory detail, each component or job you might encounter. For example, the author claims that the most popular gutters for houses are aluminum, when it is actually seamless steel. He also repeatedly uses terms like “linear” feet for measurements, when it is actually “lineal.” The other major frustration here is that for the really big stuff that can derail a rehab project, like concrete and foundation issues, he repeats a phrase several times and in several different contexts that, “there is simply not enough room in this book” to spend time talking about it. I was thinking, if you spent less time explaining, ad nauseam, what things like vinyl siding and asphalt shingles are, you would have enough room to talk about the really important stuff that could turn a deal south in a hurry.This book is much better suited for non-contractor, not-so-handy folks looking to get into real estate investing by doing rehabs. Here’s the problem, while these individuals may find the material and job descriptions I found boring and useless to be very helpful, that is only one part of the equation. Why people really buy this book is to determine rehab costs and the book falls short in this category, as well. For example, for almost every rehab item, the author provides a range of pricing that’s something like “$500-2000.” That is simply not helpful because there is no context applied to the range. Anyone could do this. “How much money would you like to make next year?” “Oh, between $1 million and $1 billion.” Seriously? Only a moron doesn’t know that labor and materials are going to cost way more in Los Angeles, for example, than in Laramie, Wyoming. With this author’s alleged experience, a pricing index in the form of a map of the US divided up into zones or regions would have been much more helpful. Provide the reader with an average cost and then let them use the index to determine markup or markdown for their area. An updated index is something the author could charge for on a website and earn additional revenue. Sadly, this would require actual work and research on the author’s part, which is what many of these books lack.Finally, when I read Luke Weber’s excellent book, “The Flipping Blueprint” (recommended), he gets into detail on what to fix/rehab and why based on comps, price range, neighborhood, etc. For example, when you walk into an older home and determine that none of the electrical is grounded, when do you choose to rewire the house? Obviously, code plays a role, but the rate of diminishing returns does too. When do you go with granite vs. laminate countertops? I imagined from the hype and description of this book that it would be the holy grail for that type of information, taking Weber’s discussions to the next level. There is virtually none of that here.Some people might find this book helpful if they have little to no experience with materials and labor. For the rest, I would save your money.
A good book overall if you are new to rehabbing. Problem is there are many sloppy errors and typos which is a shame because you begin to question the credibility of the author. Even one or two typos are bad but when you start to see them every other page it gets annoying when you spend over $20 for a book. This is not a high school book report. It’s not difficult to fix these errors!
This book condenses years of experience into one clear and concise guide, preventing every rehab newbie from making years of costly mistakes.For each component of 25 different types of work on a house, the author details the nature of the work and the statement of work line items that each type generates. Then he breaks out a discussion of “Cost Guidelines,” “Determining Your Local Prices, ” and “How To Pay for the Job.” For an example of the intense level of detail given, in the “gutters/ soffit/ fascia” category, he breaks out $ estimates for cleaning gutters, replacing gutters, and replacing soffit or fascia, giving his reader costs per linear foot estimates for each type of gutter or soffit material- aluminum, steel, vinyl/ plastic, and copper/zinc, as appropriate. For cleaning gutters, he tells us the costs will depend on linear feet of gutters, the height and steepness of the roof, and whether downspouts need to be detached to be cleaned. If we know generally these three things, we should be able to get accurate, local head to head price bids. He goes on to warn NOT to use uninsured gutter cleaners because it can be a dangerous job, and that we are most likely to get the best pricing bundled with the roofing or siding contractors, if we are doing that kind of work on the house. He also comments that since this is a one day job (as opposed to one justifying a draw or a materials upfront payment) the contractor should be paid only once the job is completed. To a person experienced in housing construction, this all may be ‘old hat,’ but to a person new to home rehab, it is extremely valuable!This book pulls every aspect of repair cost estimation into manageable chunks so that none is overlooked or unaddressed in a detailed scope of work or budget. It addresses a very complex topic in the most thorough, detailed, and practical manner possible. Alerts to local costs (e.g., union labor in NY/NJ, building code variability by climate/weather circumstances) and seasonality are all over the place. This is a great book- highly recommended!
Very good book packed with experience ! It’s one guy’s experience about rehab but it allows you to accelerate 100x learning curve about what will cost you money and what won’t. Some things could be improved, i will add this for the author for the next version : for example separating houses from appartments (book mostly covers houses). I’m thinking that buying in a big building also has its particularlies about what you can and cannot do. Both considerations would be useful. Would have been great to have metric conversions and euro conversions also. Maybe next release !In all cases you can buy the book with closed eyes it’s packed with learnings that will save you money.
Gives you a general idea of costs for different parts of an house/apartment.
About Aaovo.com ：
We are committed to sharing all kinds of e-books, learning resources, collection and packaging, reading notes and impressions. The book resources of the whole station are collected and sorted by netizens and uploaded to cloud disk, high-definition text scanning version and full-text free version. This site does not provide the storage of the file itself.
Description of file download format: (Note: this website is completely free)
The e-books shared by this site are all full versions, most of which are manually refined, and there are basically no omissions. Generally, there may be multiple versions of files. Please download the corresponding format files as needed. If there is no version you need, it is recommended to use the file format converter to read after conversion. Scanned PDF, text PDF, ePub, Mobi, TXT, docx, Doc, azw3, zip, rar and other file formats can be opened and read normally by using common readers.
Copyright Disclaimer :
This website does not store any files on its server. We only index and link to the content provided by other websites. If there is any copyrighted content, please contact the content provider to delete it and send us an email. We will delete the relevant link or content immediately.
Download link description ：
We usually use Dropbox, Microsoft onedrive and Google drive to store files. Of course, we may also store backup files in other cloud content management service platforms such as Amazon cloud drive, pcloud, mega, mediafire and box. They are also great. You can choose the download link on demand.
