Estimating Exterior Repairs for Rehabbing
In part 1 of this series, I shared that as an investor, developing the skill of estimating repairs is key to your success and making a profit. I also provides some tips, process, guidelines and first steps to take. In this post (Part 2) I am sharing some exterior repairs…
It’s A Sign
Mapping out your real estate marketing plan for finding deals… In a previous post, I shared a time tested and proven method to get motivated sellers to call you – Bandit Signs. Here’s 7 Tips on help you develop your Bandit Sign Campaign: Target an area. Decide where to place your…
For Sale by Owner (FSBO)
You’ve seen these signs all over town and in every town – For Sale By Owner. But what does this really mean to you, as an investor who’s looking for deals to fix and sell or (rent)? For Sale By Owners (FSBO’s) or fizzbos are homeowners who market and sell their…
So Where are the Bargains At?
…Sources and ways to find deals that can make you money… Sources: Your Network – don’t forget to constantly network with whomever and whenever. Always have the “I’m in the hunt” mindset and take massive action. Your Marketing Machine – see Ways to Find below Realtors – investor-friendly seller or…
They’ll Probably Ask You…
In a previous post, I talked about the value of having investor-friendly real estate agents (Realtors) and how to qualify them. You’ll be asking them questions but be prepared for their questions too. Have these answers thought out and part of your script to guide the conversations to achieve your objective…
Use ’em or Lose ’em
Some things to keep in mind when dealing with realtors as an investor… Agents understand retail buyers but you’re not a retail buyer. Your an investor! Be prepared that not all agents are willing to work with investors. Agents can work for you (for free because they get paid by the seller)…
Build It and They Will Come…
A key to your success in rehabbing is finding deals that when fixed up will make you money. There are several methods to do this – most involve marketing yourself as a cash buyer looking for discounts. Why? Marketing drives your business of securing houses. Without houses to fix and…
Get Your Ducks in a Row
OK, so you bought your first (or second) ugly duckling house at a great discount! You’ve visualized it as a prince and calculated the after repair value (ARV). You’re excited about the profit when you sell it but wait… …there’s the rehab project to get done. Get your ducks in…
Let Me Show You the Way Out…
…Know your exit strategy Most focus on how to buy a house (entry strategy), as an investment, while few focus on what to do with it later (exit strategy), when they’re contemplating the purchase. Begin with the end in mind. Examples of exit strategies: Generate cash fast (very short-term)…
Murphy’s Law
When building or starting your rehabbing business, have the mindset to power through obstacles – because you’re going to have them! Ingrain these 4 keys into your mindset Be prepared – for the old adage (Anything that can go wrong will go wrong.) Be thorough, pay attention to details, and…
