> rehabbing small changes

There are a number of reasons why a real estate investor wouldn’t want to do a full rehab on a property. Full rehabs involve more money, more time, more labor, and more risk. Many times a light or minor rehab is enough to sell to a retail buyer, given that all of the mechanicals are…

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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…

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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…

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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…

> How to Pay Your Contractor

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…

> high end rehabbing

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…

> Making Sure Your Contractor Writes a Bid that Protects You

Today’s REI Classroom Lesson Ron Carlson explains how having a contractor right a bid correctly can protect you if things go south. By being detailed in the work that’s being done, there’s transparency for both parties. REI Classroom Summary This is especially important if you run into issues with the contractor. By having everything detailed…

> Empowering Your Contractor

Today’s REI Classroom Lesson Holly McKhann chats with us today about how she has gotten her contractor to take the initiative to take control over some of the management type tasks (if the contractor isn’t a true general contractor). By helping contact and schedule subcontractors, it allows her to focus on more important aspects of…