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Updated over 5 years ago on . Most recent reply

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Austin Schafer
  • Rochester Hills, MI
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Want to rehab my own properties but I don’t feel qualified

Austin Schafer
  • Rochester Hills, MI
Posted

I’ve been listening to BP podcasts for too long without action and I’m ready to do something FINALLY. My goal is to rehab my own rentals but I don’t feel qualified. What is the best way to get training/knowledge on all thinks home remodeling/renovating?

Looked into courses but I currently own another business that demands about 50-60 hrs a week. Any advice?

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Marc Winter
  • Real Estate Broker
  • Northeast PA
2,659
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Marc Winter
  • Real Estate Broker
  • Northeast PA
Replied

I'd advise you to get your experience by being on-site as much as you can when the contractors are there working.  Observe, and only interrupt them if there is a real problem.  Other than that, observe, and ask them questions while they are taking a break.

Know when to say "no".  It's very rewarding to do the rehab hand-on.  It's also very expensive to have to re-do work you did yourself but didn't do correctly.  If it's truly a great deal, there should be room in there for hiring professionals.  If the deal only works because you are doing the work, you have bought yourself a job.

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