ICORE Skills: Comping & Estimating Repairs with Justin Cooper

ICORE Skills Session: Comping & Estimating Repairs with Justin Cooper

With so many bad deals and unreliable information floating around, you can easily get stuck with someone else's hot potato. Understanding this process allows investors to work backwards and determine their offer, renovation budgets, profits, sales price and more…

After this class, you'll have the knowledge and confidence to write offers on every property you come across and tell the difference between a stud or a dud. We'll be evaluating properties in today's market. In this class you'll learn:

Comping:

• How to determine the ARV (after repair value) 
• How to gather accurate information
• What is the 70% rule and should you use it?
• How to comp a property without MLS

Repairs:

• Understand the 3 different types of renovations
• Break down rehab costs for each type
• Best formulas and resources to use to calculate rehab budget