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Updated about 4 years ago on . Most recent reply

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Gabriel Green-Lemons
  • Rental Property Investor
  • Hackensack, NJ
20
Votes |
20
Posts

I need to learn how to rehab houses hands-on: Will work for free

Gabriel Green-Lemons
  • Rental Property Investor
  • Hackensack, NJ
Posted

All of the podcasts episodes and audiobooks I have been listening to recently have echoed a similar crucial element to building wealth through long term buy and hold real estate investing: FIND WAYS TO CREATE VALUE. One way to do that seems to be rehabbing distressed properties to rent out.

I have heard the BRRRR strategy mentioned time and time again on the podcast episodes, and I realize it's time for me to get more experience with the first "R" in that acronym so I can increase my comfort level with taking on fixer-uppers. I currently live in north Jersey and would like to work with an investor in the area to get my hands dirty and gain some experience with rehabbing a property. My objective here is to gain some knowledge, so I am willing to work for FREE. I repeat I am NOT interested in getting paid, I just want the experience.

Are there any experienced investors in the north Jersey area with rehab projects going on that would like an extra hand on the weekends? 

Most Popular Reply

User Stats

20
Posts
20
Votes
Gabriel Green-Lemons
  • Rental Property Investor
  • Hackensack, NJ
20
Votes |
20
Posts
Gabriel Green-Lemons
  • Rental Property Investor
  • Hackensack, NJ
Replied

Hi @Oleg Enik,

Since I started this discussion a couple of years ago, I BRRR'd 3 single family houses in Indianapolis, IN while living in NJ. As it turned out, I really didn't need to know the ends and outs of how to rehab a house. I put together a team in Indianapolis, IN which included a good contractor and property manager. After reviewing scopes of work and talking with my contractor and property managers about potential rehabs, I learned a great deal. Each time I purchased a house, I was forced to learn a lot to have an understanding of what need to be done during the renovation phase. I made sure I was not afraid or embarrassed to ask questions.

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