One piece of drywall turned a $25-a-square-foot rehab into $50 a square foot. What's hiding in your next flip that you haven't priced yet?

Most flips don't go sideways over the purchase price. They go sideways over the rehab number, a guess wearing a dollar sign, borrowed from the last house instead of pulled from the one in front of you.

Neil Timmins just relearned that in Beaverdale, where a bungalow that looked like paint and floors turned into knob and tube wiring behind the basement drywall. One wall changed the whole budget.

The fix is order, not optimism. Mechanicals first, then structural, then finishes, then curb appeal, because a cosmetic flip with a bad panel isn't a cosmetic flip anymore.

Neil and Maggie Monroe walk through the room by room process, real Des Moines-metro rehab numbers, how contingency should scale with what you find, and how the seventy percent rule turns a rehab estimate into a real maximum offer.

In This Episode, You'll Learn:

• How to walk a house room by room and catch hidden rehab costs before you offer

• How to price mechanicals, structural work, and finishes in the right order

• How to size your contingency to what you actually find on the walkthrough

• How to run the seventy percent rule to set your true maximum offer

• How to build a contractor bench that gets you a fair price on a surprise

And more.

Hosted by Iowa real estate investor Neil Timmins.

Want the written breakdown? Read the full article at https://littleguyloans.com/estimate-rehab-costs-iowa-flip/

Find every episode at https://www.flippingiowa.com