This episode was recorded as part of our Lunch Time Live! series. On these Lunch Time Lives (LTLs) Shawn goes live in the Virginia Wholesale Real Estate Group to talk about different wholesaling topics, answer questions, and give advice. If you're interested in joining in on these LTLs, or you want to get them early, join Virginia Wholesale Real Estate on Facebook.
In this episode, Shawn discussed how to estimate the rehab cost for a rental property. If you're looking to add a property to your portfolio as a buy and hold, instead of a full rehab and resell, the renovation numbers look different. Rentals don't typically need as much work, and when they do, it's not the same kind of work as a traditional sale. Listen in to see how Shawn estimates these rental rehabs compared to his resell rehabs.
Shawn Bowen has been a real estate investor since 2010. Right now he mostly does wholesaling, but he's also worked on new construction, rehabs, lending, buy and holds, rentals, and creative financing.
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