BRRRR Rehab: Where Deals Go South

14/10/2019
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Pruébalo Gratis

Descripción de BRRRR Rehab: Where Deals Go South

Your Rehab Team Is Critical To Finances:
1:00-5:30: Your team of contractors is critical. As many say, there’s never an investor that’s budgeted too much for a rehab. You have 2 options, you (1) didn’t budget well enough and are over or (2) you’re under rehabbing your property.
5:31-11:00: Facing overages to your budget up against the overall financials and appraisals. What is the ROI for the overage? Does it make sense to cut bait and retail the property to cover the overages made?
What’s Your Rehab Strategy? General Contractor Or Employee?:
11:15-14:00: Should you hire a general contractor or rather an employee?
14:05-19:00: Quality of your rehab process, why you may include granite? Hardening strategies? Why your pet policy may shift your process.
19:15-24:00: Bill Syrios uses employees as general contractors and sees this as a strategy to keep them focused on the property they’re currently completing, not wondering where the next contracting job will come from. This is also an opportunity to raise a team up from inside your business.
Perks and Caveats:
24:30-27:00: Ryan Dossey’s experience with a single contractor that’s busy enough that he essentially works exclusively works for Ryan’s team.
Building Your Team:
27:00-end: Get references, people aren’t going to recommend someone who screwed them over. Can you preview properties that they’ve completed work for?
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