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You Could Have More Equity Than You Think! (How to Use It)

BiggerPockets Real Estate Podcast

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Mastering Rehabilitation Cost Estimates

This chapter explores essential strategies for accurately estimating rehabilitation costs in house flipping, highlighting the importance of local market knowledge and practical tools like spreadsheets. It discusses the significance of gathering multiple contractor quotes to avoid inflated estimates and emphasizes understanding property age in relation to renovation costs. The chapter also encourages novice investors to adapt their strategies to current market dynamics, moving beyond traditional metrics like the 1% rental rule.

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