CALCULATE COSTS OF REPAIRS IN SECONDS

Рет қаралды 29,119

Жыл бұрын

CALCULATE COSTS OF REPAIRS IN SECONDS
In this part two of our video with Chris, we played a little guessing game to see if I will be able to correctly guess what the costs of the repairs will be on Chris's fix and flip project and if it will match the quote given by Chris's contractor. Three things I asked Chris in order for me to guess the renovation cost: 1)The square footage of the house. 2) The square footage of any additions and basements. 3) If this is a full gut remodel or not. I am showing you an easy approach of calculating the cost of repairs, without you having to go and inspect the house or talk to a contractor. Chris also gave us a tour of this property and talked about the things that he and his team plan to do. He talked about the renovations and changes that they will be doing to each part of the house so for those of you who are doing fix and flips, be ready to get a lot of useful tips from Chris, as well as Pace and myself.
Chris Campbell's KZfaq channel:
/ @tallchriscampbell
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Пікірлер: 102

@creatingspacespodcast Жыл бұрын

Thank you for saying the piece about don't waste contractor time. As a contractor who is always hustling for work to keep guys going, it hate it when people call me out without a clear plan, and just want to use my experience for more ideas and direction.

@timesmasquerade2012 Жыл бұрын

Please do more of these - educational & entertaining.

@ciaracorr6015 Жыл бұрын

I agree about the French door where the window is in basement totally worth it

@lizeichner6443 Жыл бұрын

Excellent info & an example of full gut renovation costs! Thank you!💕

@jamildamji Жыл бұрын

Glad it was helpful!

@joshuacapazzola9271 Жыл бұрын

This video is awesome guys love it 🔥

@apostledr.carmelitagreen512 Жыл бұрын

I love this! It's very educational!

@ballen2179 Жыл бұрын

Awesome content. Very helpful.

@mattbrunson2625 Жыл бұрын

So what would other tiers of rehab be? 15-20 for paint,carpet & touch ups 30-35 for anything more then the first level? Love the video bro!

@alexandervalladares2501 Жыл бұрын

I cant wait to see the finished product. It will look amazing.

@jamildamji Жыл бұрын

Same here bro! We'll have to do a pt. 3!

@bootlegsnackz Жыл бұрын

Agree! Really want to see the finished product on this one, seems like some interesting changes.

@ciaracorr6015 Жыл бұрын

Love this

@grant_painter 11 ай бұрын

LOL when Jamil flashed his iPhone after Chris said his rehab cost 😆

@ciaracorr6015 Жыл бұрын

Like the volting idea

@mikedknox Жыл бұрын

About three hours ago I asked Jamil about this video bcuz I couldn't find it. He told me where to look and here it is. I am thankful bcuz it's the lesson I needed to see. I'm convinced that he's the fastest at comping a deal. Thanks Jamil for telling me where to find this ⭐

@jamildamji Жыл бұрын

Hi, this is Jamil's media team. Glad that you got value out of this video!

@Max-lb4xk Жыл бұрын

Thanks for the vid. Trying to get into this myself 👍

@jamildamji Жыл бұрын

Glad this helped! Go for it!

@vandalinvestments3886 3 күн бұрын

Hell of a video, thanks fellas

@jamildamji 2 күн бұрын

Glad you enjoyed it! 🙏🏾

@steveh1460 Жыл бұрын

Great content and great sound quality too. Thx guys

@jamildamji Жыл бұрын

Thank bobby two hands for that!

@danielacker3615 Жыл бұрын

Good info thanks

@jamildamji Жыл бұрын

Glad it was helpful!

@weaverrealestate1888 Жыл бұрын

helpful video!

@jamildamji Жыл бұрын

Hi, this is Jamil's media team. Glad that you got value out of this video!

@tashascott8402 Жыл бұрын

I really love this and only 9 minutes and 59 seconds in

@jamildamji Жыл бұрын

So glad!

@tallchriscampbell Жыл бұрын

Jamil the MONSTER at guesstimations!

@jamildamji Жыл бұрын

practice!!

@ciaracorr6015 Жыл бұрын

This house is huge

@dhowto3005 Жыл бұрын

I would not have known what the renovation number would be until the formula was given by Mr. Damji.

@jamildamji Жыл бұрын

I got you bro

@90pointjasper Жыл бұрын

Jamil, that was truly amazing! Can you tell me what the current average price per sqft for a full gut? Is it still $60 a foot?

@paulettebrown788 10 ай бұрын

What would be also the cost/sqft on a light & moderate rehab?

@jeffburnett6425 11 ай бұрын

Jamil that was awesome!!! What is the cost per square foot on a light rehab and the cost per square foot on a medium rehab?

@ALLworldCONSTRUCTIONLLC Жыл бұрын

$60 a sq ft?! What a deal… I’d be at least 100-110 here in SoCal. Sheesh! Is there an update video?!

@frankle246 24 күн бұрын

100-110/sft, is labor cost or cost and materials? Thanks

@AuthenticKenneth_90s 7 ай бұрын

How u come up with the the full gut number 60?

@Delltheinvestor. Жыл бұрын

Jamil you're really a genie lol great ass value.

@daltonevans8442 Жыл бұрын

Loved the video but I'm curious about a possible formula for average rehab or light rehab. I'll definitely use the $60 formula but was curious about easier rehabs?

@blkmgik 23 күн бұрын

Light rehab (flooring & paint) $15 Average rehab (flooring, kitchen & bath) $30 (add 5k for mechanicals that need work or need to be replaced … water heater, hvac etc.)

@ciaracorr6015 Жыл бұрын

Jamil Is such a G

@arnellwyatt114 Жыл бұрын

How would you come up with the magic number for a light and medium rehab if the number for a full gut is about $60 per sqft. Great video thanks!

@gustavomendoza1769 Жыл бұрын

I’m trying to figure that out as well

@JohnCondeAstro 5 ай бұрын

Great

@jamildamji 4 ай бұрын

Thanks for watching! 🤗

@frankle246 24 күн бұрын

@@jamildamjiHi Jamil, Thanks for doing this. $60/sft is just labor or with materials? Thank you.

@nosaoyemade9618 Жыл бұрын

180k. Wow, 120 k for all that work? Not here in California. Let’s see the finished product, I’m sure it will be awesome.

@jamildamji Жыл бұрын

Perks of flipping in ATL

@martinedwards7607 Жыл бұрын

When you pray for rain, you gotta deal with the mud too.

@nadiajarrett1637 Жыл бұрын

Jamil whats the price per sf for a standard reno in tampa..no bells and whistles

@ciaracorr6015 Жыл бұрын

Jamil did that ish fast!!!

@apostledr.carmelitagreen512 Жыл бұрын

I'm with Jamil

@JaimeCarpenter-sl4mt Жыл бұрын

I'm using this. Good stuff Pace and Jamil!! Would I use 30 bucks a sqft for light/medium rehabs???

@jeffburnett6425 11 ай бұрын

I just asked that same question.

@sidneya.4330 Жыл бұрын

Hello. Solid work. Is there a template or something that you offer with this information? I.E full gut, cosmetic, etc? Thanks for posting this!

@gustavomendoza1769 Жыл бұрын

I need a template too

@rplimo01 Жыл бұрын

Keyglee ATL estimate is $118,000

@alexmezzo6792 Жыл бұрын

My guess was exactly 125k crazy

@jasonelouidor3412 Жыл бұрын

It’s crazy how we’re able to create an image in our mind of how the house will look before it’s even finished

@thunderpaint5912 10 ай бұрын

A year later lets see the final!!! I'm guessing in ATL this property goes at $425k.. Would love to see if im right

@thunderpaint5912 10 ай бұрын

As I typed he said "$700,000" price range lol

@drum5line Жыл бұрын

175k

@benhorton2081 Жыл бұрын

so a $120,000 for pretty much 3,000 sq ft, that's only $48/sq ft. that's Incredible! That's a FULL rehab. I'd a guessed $150k-160k So whats the numbers on a rental house, around $35sq ft?

@michaeldede9371 Жыл бұрын

Jamil that estimate is in Georgia right, because we're at about $115 to $125 a sqft in upper Westchester NY not sure about the rest but may be more 🤷‍♂️

@jamildamji Жыл бұрын

Georgia correct!

@alexandervalladares2501 Жыл бұрын

I would say $154,000

@Moi_SD Жыл бұрын

If only there was an app that could give you a cost per square. ft. that is based on a state. Maybe with AI it'll be possible way in the future.

@diogenesespinal8957 Жыл бұрын

How much do you estimate for light, medium and heavy renovation???

@Ima.burnout Жыл бұрын

I suggest finding out costs on your own for kitchen (fridge, cabinets, sink, EVERYTHING) and just getting a estimation from that then when u find out those, do your research on costs by unit measurements. From that u can also compare to their full get remodel calculations 60 by square for house and basement half that.

@Ima.burnout Жыл бұрын

gut*

@diogenesespinal8957 Жыл бұрын

@@Ima.burnout That works perfect, Thank you very much, I’m a real estate agent work in NY and CT and I’m starting to work for flipplers investors, that will help me get an accurate and more than close estimate. Thank you

@urfavinspectorRON Жыл бұрын

HIRE AN INSPECTOR LIKE HE SAID! PUT US HOME INSPECTORS TO WORK, PLS. -RON THE INSPECTOR

@dennisbaugher6788 Жыл бұрын

That ceiling reminds of silent hill

@jamildamji Жыл бұрын

LOL

@Cali_Girl1 Жыл бұрын

Amazing. Love It! Jamil... Is your calculation applicable to properties located in L.A. County, California? Also, what would your estimated calculation adjustment be for 10K+ sq. ft. Mansions that would require nicer flooring, materials and appliances?

@dennisbaugher6788 Жыл бұрын

Cali contractors are going $250-350 a sqft

@jamildamji Жыл бұрын

@@dennisbaugher6788 Thanks for helping out Dennis!

@talentekhuzwayo2705 Жыл бұрын

@@dennisbaugher6788 damn that’s hefty

@arthurbernestine2524 Жыл бұрын

What would be the point of hiring an inspector? How do they help you calculate repairs

@ajctx 10 ай бұрын

Just speaking from having hired an inspector after doing a walkthrough, an inspector can find stuff that you normally wouldn’t find just doing a typical walkthrough, such as problems on the roof or in the attic, that you normally wouldn’t explore until doing the rehab.

@maritzahoward5953 Жыл бұрын

135k

@Viktor-kb4gf Жыл бұрын

$125.55K!

@coheresconetwork7405 Жыл бұрын

190k

@susanloy8846 Жыл бұрын

How did you know to use “$60” a sf to calculate cost?

@jamildamji Жыл бұрын

Hi! This is Jamil's media team. Thanks so much for watching the video and supporting Jamil's channel. Jamil Is very busy and may not have time to answer every question, but if you join the FREE Astroflipping FB group the Astro members would love to help you with an answer. facebook.com/groups/astroflippingpublic/

@csqzdad Жыл бұрын

I was at 140

@eugenegreen1846 Жыл бұрын

95k-115k

@stevenaayarrabanegas1552 6 ай бұрын

137,150.00

@jamildamji 3 ай бұрын

👍🏾

@corrinvestors3303 10 ай бұрын

$60 a sqft Basement is half the first number ok x sqft

@TheGrayghost78 Жыл бұрын

$115,000

@josecuevas3544 Жыл бұрын

$155k

@eugenegreen1846 Жыл бұрын

Im saying 95k

@permagro Жыл бұрын

$148,780.00

@ivantorres2711 Жыл бұрын

85 for a full gut.. 1,592 sq. ft. property.. 1,592 x 85= 135,320.. 1,000 sq. ft. basement x 1/2 of 85 i.e. 1,000 x 42.5= 42,500.. 135,320 upstairs + 42,500 downstairs= $177,750 in estimated repair costs...