There’s definitely a fun appeal to buying a fixer-upper, transforming that property into something beautiful, then flipping it for huge profits or renting it out for monthly cash flow. We have all seen those flashy tv shows that make it look so easy and rewarding! When done right, you can make huge profits. But, it is also High-Risk!
Set your alarm, and Join us January 9 at our monthly main meeting/networking event and learn how to avoid costly mistakes and maximize your profits on your next rehab project.
A smart person learns from their mistakes, a wise person learns from others’ mistakes!
A rehab gone wrong can cost more than sending your kids to college!
Don’t get this wrong, or you could put yourself out of business. One of the most critical parts of a deal is the rehab. Getting this wrong, or having a rehab go bad can cost you thousands!
Common things that could blow up a rehab:
-Not knowing what to look for when walking a property
-Taking on too big of a rehab project
-Over-rehabbing a property
-Getting the repair costs wrong
-Costly surprises
-Making bad decisions
-Hiring the wrong contractors
-Going over budget
-Not finishing in a timely manner
-The market shifts
One of the biggest mistakes rehabbers make is trying to do everything themselves!
Surrounding yourself with a group of like-minded, experienced investors and
rehabbers is a great way to minimize your mistakes!
Mastermind: 5pm
Food/Networking: 6pm