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…
Full rehab jobs, when finished, can bring in a substantial profit if you bought at the right price and calculated your rehab costs correctly. The last thing you want though is unexpected rehab costs that eat away at your profit margins! Sure, a few light bulbs here and some window screens there don’t break the…
Today’s REI Classroom Lesson Ron Carlson continues this two part series over items that are easily missed when a bid is being created. The majority of theses items are smaller but they can add up quickly. REI Classroom Summary A few items Ron talks about are the prep work that goes into a painting project,…
Today’s REI Classroom Lesson When planning out a rehab, Holly McKhann stresses how important it is to know what people are wanting in that area! REI Classroom Summary While most rehabs lean towards being more neutral, some neighborhoods have a different feel and this should be considered when selecting the design features. Listen to this…
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…
Today’s REI Classroom Lesson Lex Levinrad talks to us today about how to determine both material costs and labor costs for upcoming rehab projects. REI Classroom Summary Materials can be easy to calculate if you visit a local hardware store and write down costs for each item potentially needed, room-by-room. For labor costs, Lex explains…
Today’s REI Classroom Lesson Clay Malcolm shares a real life example about how a real estate flipper utilized another person’s IRA money to fund the flip. REI Classroom Summary Learn more about how it works, advantages for both parties, and how it can be a win-win for everyone involved. Listen to this REI Classroom Lesson…
Today’s REI Classroom Lesson Paying your contractor can be complicated. Holly McKhann shares how she created a solution to keep track of what work has been completed and where the money is going. REI Classroom Summary Know what work has been done before you pay your contractor. With full transparency, it helps keep them accountable…
Show Summary This is episode #348, and my guest is Gina Michelle. Today we’re going to talk about high end rehabs, which Gina is an expert at….rehabbing houses up to $2M in Los Angeles. We’re going to talk about how high end rehabs are different, the importance of design, picking the right crews, and something…
