How to Calculate the Cost of Repairs on ANY House [In Under 60 seconds!]
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- Опубліковано 5 січ 2025
- When making offers on distressed properties, most new wholesalers have no idea how to accurately calculate the cost of repairs and either guess or they spend way too much time trying to figure it out.
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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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Jerry, these last two videos have been exactly what I’ve needed to fine-tune how I’m making offers. Thank you.
Me too!
Thanks, Jerry! You are a (GENEROUS!) Flipping Genius.
Thanks Jerry, you've seriously taught me more than the course that I've paid for in the past. In the process of my first deal🙏
1st! Jerry you are a FLIPPING genius! I write these down and keep to use! Your channel provides SO much value its crazy! Please bring back the watch me wholesale series
Once again, you're a flipping genius Jerry!!
And the beat goes on...Jerry you're a flippin genius and in a league of your own 🏆
Screenshots. Thanks Jerry you’re a flipping genius. Confidence boost
Thank you so much Jerry 💰📓📝 for the free game that you give out and this analyzer. It’s really game changer. Thank you so much.
Thanks Jerry! You are a flipping genius! 😊
Thanks I appreciate the update. I comment on a older video asking for an update and here it is thanks again.
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Jerry You’re The 🐐🐐
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THANK YOU JERRY, YOU ARE A FLIPPING GENIUS
Thanks Jerry! It would be cool if we could still edit the numbers in the tool though, still a great resource.
Thanks Jerry, you are a flippin GENIUS 😁
Thank you, Jerry. This was very informative.
Thanks Jerry.You're awesome!
Thanks Jerry, you're a flippin genius!
Thought I would have to get a contractor (which is necessary in any thriving business) but this video helped! Wish me best on first deal! Thank you & read the book! You’re awesome dude
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❤ thanks Gerardo you are a flipping genio! Thank you for helping us make it in this industry....God continue to bless the family & You ! ♥
Thx Jerry! Youre a flipping genius
Jerry I love the videos. I was hoping you could point me in the right direction. How do you get properties under contract without seeing the property. Tips to do it for free without paying an inspector are much appreciated. Btw you’re a flipping genius!
Jerry, your video for repairs costs for 2022 showed a repair estimation for 3500-5000 SQFT at $87,500. This most recent video shows an amount of $68,750. Shouldn't the amount have increased instead of decreasing $18,750?
Yes, good catch. I’ll get fixed asap. The correct number should be $96,250
Man im glad i came through the comments here
@@kmclean03same I watched this video at least 6x
@@FlippingMasteryCan you update video with the right numbers
@flippingmastery did you update yet
Thanks jerry..u are a flipping genius ❤
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You are a flipping genius!
Estimating repairs has been a major STRUGGLE for me Jerry. This was very helpful. How are you factoring in the big ticket items (Roof, A/C, Electrical, Foundation, Plumbing) in this formula? It's another challenge i'm facing. If you can help me with this part as well, then i believe i can truly grow my business. Thanks Jerry
Covered under “heavy”
JERRY THE GOATTTTTTT
Thanks Jerry I appreciate you
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Amazing work brotha
Thanks, Jerry. You're a Flipping Jeezus at this point lol. Keep em coming 👌🏾
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Thanks Jerry!
Thanks, Jerry! Does this include interior design costs? You are flippling genius!!
Thank jerry you flipping genius
I know these numbers tend to fluctuate depending on where you are, but they are nothing close to what I’m getting in New Jersey, Delaware, or Philadelphia
Genius 😮
Thanks Jerry. You’re a flipping genius.
I joined the website. But I keep getting an error when trying to use the instant deal analyzer.
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Flipping genius
Thanks! You are the best, oh yeah and genius! 😊
Jerry man your a flipping GENIE
I don’t think these prices would work for California 😅
Thx Jerry
Hey, Jerry youre videos help me so much to figuring out things to get started! But I had a question and was wondering if this is for the living space, or is this with the whole property lot?
Do these numbers vary by state ? Since pricing for homes vary by state would that have an impact located in cali ?
Thanks Jerry!!
What do we do when repair cost is more than arv? I’m looking at a home in Birmingham ARV 55K it’s a full gut 950sqff.
Thankx
Hey Jerry amazing video and I have a quick and I hope you are able to answer it so I was using prop wire to skip trace numbers and when I try to call them or text them it says non wireless number what does that mean and what can I do to get around that ?
It’s a landline number. Call it and see if it’s accurate
10 muy buenos Jerry..
Hey Jerry, when you say you might get a house that falls between a light rehab and an average rehab then split the difference and you’ll be fine. So if I have a home with a sq ft below 1500 and it needs a light and average rehab then I subtract $45,000 - $20,000 and that’s the rehab cost?
Thank you for this!
Hey Jerry, does this include Roof and windows?
Its a great video. But what state or zip code are these costs for because I want to factor it with zip code costs.
Thenks Jerry you are a flipping genius. I am new to wholesaling and I want to ask if you by any chance jv?
Check this out
My10kcheck.com
Hi jerry, I was wondering how would I go about calculating the difference if the rehab is in between light and average?
i like price per sqft better tbh and jerrys numbers are good 15-20 for light 30 or more for average 60+ for gut it depends on the market ask your local investors or contractor friends
Good vid bro
Jerry 🎉 YOU ARE A FLIPPING GENIUS 🤑😎💯🐉📱💵💰📝
Thanks Jerry
Hey Jerry, i would love to learn directly from you if you have classes.
Fasttrackwithjerry.com
Thank you
Jerry, you are a flipping genius... question... does your "Deal Analizer" tool automatically get updated regardless of software or only in Flipster..??
Yes, we update it
Jerry, I usually get 3 contractor bids during the due diligence period. Are you saying by using mydealanalyzer that eliminates the need for contractor bids if you intend to wholesale the house?
It uses an algorithm based on level or rehab and sqft of the house. If you want exact rehab , you have to get contractor bids
I have an historic district home that needs a heavy rehab 2464 sqft mane it’s tuff in my market to get it gone 😮💨😮💨even with 30% of renovations cost rewarded as sellable tax credit
Hey Jerry, would say this information is still viable right now with the market as it is?
🔥🔥🔥
Thanks Jerry. Just what I've been waiting for. You are a flipping genius.
What category does a new roof fall into??