Podcast 222 – Calculating Accurate Rehab Costs

Learn Real Estate Investing! http://michaelquarles.com
Michael Quarles covers how you can accurately calculate rehab costs.
What profit margin do you look for when considering a preforclosure?
What profit makes the preforclosure worth reaching out to the homeowner?
Would it be worthwhile to begin my investing career without cash? Would I be able to get the same kind of deals this way?
I have done three direct mailers to absentee owners and have had a great response. The problem we seem to be having is that they are all mainly landlords and want top dollar for their properties. Is this a normal problem to have with direct mailing, especially to absentee owners?
What steps do I need to take to make sure I have accurate rehab estimates before I make a wholesale deal?
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