Today’s REI Classroom Lesson Kelly McDonald talks with us today about how important it is to plan for the unexpected with your rehabs. You need to know a solution for problems that arise during the project so that you can get the deal completed. REI Classroom Summary Make sure you have a reliable contractor who…
It’s excited to imagine what the “after” could look like after you turn an outdated, unkept property into something out of a magazine. New countertops. New lighting. New flooring. New appliances. A fresh coat of paint. With good bones and a hefty rehab budget, you can transform some nasty properties into like-new homes. Except, it’s…
Today’s REI Classroom Lesson Today, Jason Lucchesi talks to us today about how many investors shy away from fire damaged properties and how he has found many deals that have some degree of fire damage. REI Classroom Summary There’s various sources to talk to when trying to find fire damaged properties. Most importantly, you want…
Today’s REI Classroom Lesson Doug elaborates on how to find the right comps, including guidelines to follow. As a former appraiser, Doug is an expert on comps! REI Classroom Summary Square footage, age of the property, age of the sale, and the proximity of the comp to the property are all factors that need to…
Today’s REI Classroom Lesson Danny Regalado discusses the importance of not over or under improving a rehab property. Know what buyers will pay for and what upgrades make sense for that particular neighborhood. REI Classroom Summary Choose improvements that can easily be seen and make sense for the property. If you over improve a property,…
Let’s be honest. We’ve all seen an old house that is in serious need of rehabbing. Your mind starts wandering to all the work that needs to be done. Cabinets, flooring, paint, appliance, roofing, trim, and the list keeps growing. You see what the property “could be” if it had a complete rehab done. The…
Today’s REI Classroom Lesson When a bid is created and reviewed, there are lots of small items that can easily be missed but that will ultimately need to be repaired or replaced. REI Classroom Summary From simple window screens to broken sewer lines, there’s a list of items that are commonly missed when creating a…
Show Summary Welcome to the FlipNerd.com Expert Interview Show Top 10 series, where we share our top 10 shows from 2017. In this episode, I interviewed Gina Michelle, who’s a high end rehabber with her husband Koko in Los Angeles. In fact, Gina and Koko have become dear friends of mine, and their rehabs are…
Today’s REI Classroom Lesson As Tim Norris explains, when completing a rehab, you need to make sure your contractors have the right coverage. REI Classroom Summary If your contractors don’t have adequate coverage, claims will fall onto your coverage. Listen to this REI Classroom Lesson Real Estate Investing Classroom Show Transcripts: Mike: Welcome back to…
