Articles, Flipping Houses, Rehabbing Houses
Rehabbing Houses Part 5 of 5 – Never Give Contractors Money Up Front One of my Golden Rules of Rehabbing Houses is… NEVER put money in a contractor’s pocket up front, no matter how many times you’ve worked with them. It’s simply not necessary. Not ½ down, not 1/3...
Articles, Flipping Houses, Rehabbing Houses
Rehabbing Houses Part 4 of 5 – Getting Initial Bids Using “Baby Steps” Have you ever seen the very old, but very hilarious, movie entitled “What About Bob”, starring Bill Murray and Richard Dreyfuss? In the movie the psychologist (Richard Dreyfuss) instructs Bob (Bill...
Articles, Flipping Houses, Rehabbing Houses
Rehabbing Houses Part 3 of 5 – Finding a Good Contractor A good contractor is one of the most important people on your team when you are rehabbing houses. So where do you find one? First I’ll tell you where NOT to look. Then I’ll cover some of the good, but common,...
Articles, Flipping Houses, Rehabbing Houses
Rehabbing Houses Part 2 of 5 – What is a Good Contractor? One of the most common questions I get asked concerning rehabbing houses is “How do I find a good rehab contractor?” But in order to answer that question, we first have to determine… What is a Good Contractor?...
Articles, Flipping Houses, Rehabbing Houses
Rehabbing Houses Part 1 of 5 – Creating a Detailed Scope of Work First off, when we talk about “rehabbing houses”, we’re not talking about small maintenance or repair jobs. We’re not talking about hiring someone to come in and stop a faucet from leaking. We’re not...
