In the real estate rehab business you make your money when you buy. However, as a hard money lender, I cannot emphasize enough the importance of a well-planned and efficient renovation process. Your general contractor and crew can make you additional money or, at minimum, save you time and hassle. Alternatively, they can drain your profits and make your life a living hell. So how do you avoid being driven nuts managing them? For starters, try to avoid these six costly mistakes:
controlling rehab costs
Time to Get Your Mind Right for Investing! (Part 1)
Okay folks, it’s time for a checkup from the neck up as we begin a new year on the path to your DC real estate investment dreams. I am especially talking to you fix and flippers out there because this could be a great year for you. You have to get in the game if you want to score though. If you want to score big, then remember these five things that are going to be at the core of your DC real estate investment strategy.
The Four Pillars of Rehab Project Costs
When buying an investment property using a hard money loan, you can’t simply think about the worth of the home. You have to consider other factors that can drive up the total project cost and make or break your investment. Here are the four pillars of the cost of a rehab project.