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Updated over 1 year ago on . Most recent reply

User Stats

134
Posts
63
Votes
Adrian Lammersdorf-Scioll
  • Realtor
  • Florida
63
Votes |
134
Posts

For those scared about getting into a deal that needs work done

Adrian Lammersdorf-Scioll
  • Realtor
  • Florida
Posted

Things I learned getting into a deal that needs a lot of work:

1.) Lowes, and Home Depot SUCK at getting you appliances, installation, and doing things on time. Instead ask for references of local appliances or go in yourself and see how they work. You can get things much quicker, and A LOT cheaper

2.) Absolutely NEVER go with the first quote. My first quote was 50k for materials and work done. I paid 20k and got an amazing worker that was quick for the most part, and helped guide me in the process.

3.) Work with your contractors, help them get supplies, and bring them food. They will get things done quicker, and work much harder.

4.) If you are taking this journey with you partner, make sure you have an amazing partner that will support you and trust you along the way. Your connection with each other will multiply. (I would not recommend doing this with a partner if your relationship is not in a good place, you will be tested)

Hope this helps for anyone looking to get into real estate. Don't let fake gurus tell you that the market will drop for no significant reason. There are deals out there, just take your time looking and work with an agent that knows what they are doing. There are some sellers that have come to reality with their pricing, and more will come as interest rates go higher! Ask about seller financing, or subject to mortgages!

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Thomas Lynne Property Management
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