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When we retail properties we must understand & evaluate the psyche of our end user. Remember our end user is our client, consumer, & customer all in one. When investors rehab & sell residential housing we must think like our end user. First of all we only want the best for our clients, so the functional integrity of the roof is imperative. Secondly all consumers, which refers to the individuals or households that purchase our rehabs that we put out to the marketplace, need to be sold with selling features.

Investing in knowledge is one of the three key components that will make you and your real estate investment career prosperous. Through the acquisition of knowledge and the pursuit of proven and true systems to implement in your rehab business, you can be assured your goals will become a reality. Time, money, and knowledge are the three elements to completing a successful and profitable rehab. Our pursuit and understanding of designing, implementing, and managing a successful rehab are built from a platform of these elements.

Rehabbing properties and manageing contractors. Become experts at locating and prescreening contractors. Work with competent people to utilize your time and leverage your ability while rehabbing. Find out essential knowledge, terms and definitions, contractor management, and most importantly labor and material cost to protect against bad and/or stupid decisions during the course of your real estate rehabbing career.

Learning how to manager contractors more effectively. Share systems for hiring contractors and managing projects effectively with real estate investors. Steps on hiring qualified and competent contractors to complete jobs professionally and proficiently.

Kitchens are the single most important rooms when it comes to selling and buying a home. Sizzle features like granite countertops, under cabinet lighting, and tile backsplashes add immense value to a kitchen. Kitchens are the main selling point of any house and therefore should be given proper consideration with regards to layout, design, functionality, finishing materials and adding “sizzle” features. The kitchen is also the most challenging part of the house to design and rehab. Kitchens sell homes.

First let’s define the term; a surface forming the outside of or bounding a thing. In this case the “thing” is a house. Now that is a fairly simple definition and does not emphasize the importance of what house siding actually does. Siding is meant to protect a building from the adverse effects of weather. It is essential to keeping out moisture and extreme temperatures and to maintaining the longevity of the house. Not only is siding vital to the integrity of the house but it is so important in the overall “curb appeal” as well.

From a resale perspective, after a kitchen, bathrooms tend to be the 2nd most important room in a house. They are also the 2nd most expensive room to rehab due to wide variety of materials, skills and laborers involved. Unless the bathroom is in excellent shape, it is recommended to replace majority of its components.

Lets pick up where we left off, discussing the three key components of successful real estate flipping. Remember real estate investing is for anyone who is willing to learn, however, if you learn the wrong strategies or focus on areas that do not make you money you will never make it. It’s true, the first million is always the hardest, after that it becomes easy to replicate the steps and decisions that worked and avoid the ones that didn’t work. Once we know where our time is best spent, then every decision is optimized and your ROI (Return on Investment) is always high.

Flipping properties and managing contractors is a fast game. If you can’t figure out your head from your bottom, you will lose your shirt or worse yet your shirt will be ripped off your back while flipping your first house. First and foremost we must become experts at locating and prescreening contractors; quality, mature, adult contractors. If this is done right, the probability of the rest of your house flipping project being a success increases ten-fold. When you work with competent people you are able to utilize your time and leverage your ability while flipping a property.