The perfect rehab is the house everybody wants after it is fixed up but few can see past the imperfections to buy. The peeling paint, sagging ceiling or worn carpet are correctable features that turn off many home buyers. They can't see past the disarray. They want to buy a house in pristine condition, one that is move-in ready.
Through repairing, renovating or remodeling a property, you can gain insight into aspects of construction. You will start to understand the costs of materials and various plumbing and electrical repairs. You will learn how to spot big issues such as structural problems and environmental hazards. Construction experience will help you make more money on future projects because you’ll know how to best budget a deal.
In this MeetUp you will be able to grow your team of contacts in the industry, including Realtors, attorneys, contractors, building inspectors, insurance brokers, and other investors. These contacts can come in handy for a future investment.
Topics we will discuss:
• Risks vs Rewards
• Profit Potential
• Essential Minimum Improvements
• Market Research for location, price and trends
• Unexpected Costs & Delays and How to Avoid Them
• Stress and Burn-Out
• Will you Resell for Quick Profit or Hold for Passive Income Rental Property?
• Marketing Strategies
• Who Will Manage Your Property When the Rehab is Complete?
We invite you to join our DallasREIG family and come learn about rehab construction.