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Let’s get back to basics for a minute here – what is your game plan when you purchase a property to rehab and sell? Are you just a wholesaler and looking to get into the bigger profit deals? If you aren’t sure exactly where to start, here is our simple 6 steps that we follow with each property we flip.
Step 1 - Demo
Step 2 - Repair and Replace Utilities
Step 3 - Repair Walls
Step 4 - Paint
Step 5 - Install
Step 6 - Finish Work
One super important way to follow these steps is sticking to your outlined plan that you created at the beginning and keeping a punch list of things you are working on. Following a schedule with your contractors is also key so you don’t have different groups working on top of each other.
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STRATEGIC REAL ESTATE COACH is dedicated to giving real estate investors and agents the best, most up to date resources, training, tools, techniques, tips, videos, news, interviews and insider information on today's best strategies and techniques for real estate investing in today's troubled market. This includes marketing for motivated seller leads, wholesaling, rehabs, rentals, foreclosures, pre-foreclosures, REO's, short sales, raising funding and financing, asset protection, internet marketing, real estate investing for beginners, and much much more, including teaching how to make money in real estate and how to become a real estate investor.
How to Rehab a House in 6 Easy Steps
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