Determine repair cost with out of state property

Establish a team of TRUSTED players on the ground where you are planning on buying. Everything else is a gamble. NEVER rely on any seller for ANY vital information. They obviously have a vested interest in the deal! REIs go broke or get no offers accepted when they don't follow this rule--Boots on the ground.
Guessing on Sq. Ft. rehab costs is OK to get an offer accepted but before you close or try to sell the deal to one of your buyers you better have accurate numbers. Guessing is no way to establish any consistent money making business.

Hope this helps!

Michael Mangham
MD Home Acquisitions LLC

Thanks. I made my first call to a property owner. I was scared and nervous.
Come to find he is out getting properties as well. So I made a connection with him and he's going to bring deals to me in the Denver area. While I scout online.

Now that I made that call I feel more confident to make the calls.

Thanks
Chris

My first deal is coming!