I’VE BEEN interested in getting back into real estate investing. Even after the real estate collapse and financial crisis of 2008. I still think real estate is the best vehicle to financial freedom.
Social distancing and not having a day job has left me with plenty of time to study real estate investing. I’ve dedicated some of my free time digging into my real estate failures from the past. I’m hoping that analyzing my mistakes and spending more time researching and studying, I’ll be able to educate myself and become a better real estate investor.
I discovered Bigger Pockets this year and couldn’t be happier. Little did I know that my public library had one of the Bigger Pocket’s books in their collection, I was able to check this out and read it. Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple
Another Bigger Pockets book is Estimating Rehab Cost by J Scott. I decided to buy this book, not just for real estate investing, but I also wanted a reference to work on my own house. My thinking was that it would be a nice resource to start practicing estimating rehab on my own primary residence.
At under 200 pages, this is a quick read. I found it to be a rather simple and straightforward book. There were a few things I wish the book focused on that would have made it much better. Things like what to look for, or how-to budget for foreclosure properties, where you don’t have the opportunity to see the inside of the properties.
It seems the book focused on having full access to a working property. I think it leaves out a lot of investors who may not have the chance to view or inspect a property. Not mentioning these situations I felt was a missed opportunity.
Regardless, 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)
Thanks for following along.
Dave Gates
