When you’re talking to a motivated seller and you want to quickly get to a number so you know if you’re in the ballpark, I’m going to show you how to calculate the cost of repairs on any house in under 60 seconds.

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Jerry Norton went from digging holes for minimum wage in his mid 20’s to becoming a millionaire by the age of 30. Today he’s the nation’s leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.

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How I Calculate Repair Estimates | My Tried And Tested Formula

How I calculate repair estimates may look very different from how others do their calculation. Although I have some numbers that I hang on to for how much repairs are going to cost, I still prefer to look at the market and from there determine what percentage of ARV I need to buy at if the repairs are cosmetic and if they are full gut and I stick to those ratios.

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