They say you make your money when you buy a property. This is true, but your best chance to turn a good deal into a bad one is to make mistakes when you rehab the house. Some mistakes can be costly – $10,000, $20,000 or more. This course will help you plan and manage your rehab process.
Whether you are flipping or buying to hold, sooner or later you’re going to do a property rehab. Clear communication helps ensure a smooth process. A smooth process leads to stress free profits and less time spent solving avoidable problems.
You have a house. Hooray! It needs a lot. OK. Where do we begin? There is so much to be done - how do we know the best place to start? How do we decide on the fixtures and finishes?
Find a good contractor and your business will get in a groove. Get two or three and you can scale operations and have backups. Just as in any team sport you need a good "A Team" and good backups.
Here's where to find them, how to vet them, and how to hire them.
We cover the development of the Scope of Work, talk about the permitting process, and set the rehab budget. You'll get samples you can adapt for your own business.
This meeting officially kicks off our projects and is one of the best things we ever learned. Every expectation, policy, and procedure are reviewed in this comprehensive meeting.
Scope of Work, Construction Plans, Payment schedule, Work Schedule, Insurance, Change order, Lien Waivers, Standards and Specs, and more are all included. You receive samples of all of these documents.
You know the saying, "it ain't over 'til the fat lady sings."? (Are we still allowed to say that?). Well, she hasn't sung quite yet.
We have to review what just happened with our completed rehab. It won't take long and if we made money it might even be fun. But we owe it to ourselves to learn something from every project.
Hi everyone. I’m Roger, otherwise known as the “Flipping America Guy.” I’ve spent the last 20+ years rehabbing over 1700 houses. Along the way, I’ve had some terrific successes AND learned some very expensive lessons through mistakes. I have missed things (my fantastic wife, Dianna, will tell you that I sometimes can’t see the ketchup bottle that’s right in front of me). I have hired the wrong people. I’ve been too trusting. I’ve skipped details simply because they are too boring. What I’m saying is, I have learned what to do and what not to do – mostly the hard way.
I want to help you learn these lessons the easy way. I’ve worked hard to condense 20 years of experience into processes, policies, and paperwork that should help you conquer the formidable process of rehabbing a house. I love helping people and I can’t wait to serve you.
I’m confident you’re going to love what you hear and benefit from it – so confident in fact, that as we go through the day, if you feel that you’re not receiving valuable information, just let us know and we will refund what you paid.