Need help estimating rehab costs? This is a huge unknown for many rookie investors. But not to worry—in this episode, we’ll show you how to do this as accurately as possible so you have fewer surprises once you’re under contract and it’s time to get your hands dirty!

Welcome to another Rookie Reply! If you’re stuck with a property that’s giving you negative cash flow, you have two choices: hold (and figure it out) or sell. The answer is more nuanced than you probably think, but we’ll point you in the right direction. Next, whether you’re using the BRRRR method, flipping houses, or simply updating an existing rental property, every real estate investor must perform renovations at some point. Stay tuned to learn how to accurately estimate these costs and avoid over-improving your property.

Finally, agents and sellers can become frustrated by “lowball” offers, but is there such a thing as an offer that’s too aggressive? We’ll show you how to find discounted deals without burning bridges along the way!

Looking to invest? Need answers? Ask your question here!

In This Episode We Cover

How to accurately estimate rehab costs (step by step)

How to avoid losing money by over-improving your property

What to do when your rental property is giving you negative cash flow

Whether you should hold or sell an underperforming property

What to know before making an “aggressive” real estate offer

And So Much More!

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