are you looking to flip or buy & Hold?
Anyone can invest, but understanding the process is key to success. Whether you’re a seasoned investor or a newbie…
I’m here to help!
Purchase & Rehab
Due Diligence
Find out everything you can about the property especially those at auction. A Title search can help.
Comps
What is the homes value? Knowing the comparables (comps) in the area is crucial at several stages; for flippers purchase and resale and those looking to buy and hold purchase and rental comps.
ARV
The after repair value (ARV) is important in determining your much and purchase price. There are many resources out there to help you with determining costs.
Budget
Doing the work yourself? Hiring contractors? Make sure you have a budget and timeline and do your best to stick to it!
REsale TIPS
Complete the Project
Truth is people don't pay top dollar for incomplete products. If you want the most out of your investment make sure it looks it's best. Trust me a sitting house costs a lot more then the extra week you might need to make the finishing touches and clean-up.
Professional photos
Photos are the number one feature buyers' use to determine interest. Did you know... If a buyer eliminates your property for whatever reason; price, photos etc...even if you make changes, there is a low likelihood that they will add that property back into the mix of possibilities.
Staging
Staged properties sell faster and for more money according to the National Association of Realtors. So, if you want it SOLD quickly consider including a staging budget in your rehab.
