Estimating Rehab Cost
Thursday, December 02
While estimating rehab costs before you have walked through all the units in person, I highly recommend you assume that all of the units need a complete interior rehab! Even if the owner tells you otherwise, you should still assume that all of the units require a rehab because: -If it’s Mom and...
pulling lists is an art by itself
Sunday, November 28
Pulling List means generating or devising the list of properties and owners with the intention of contacting the owners to see if they are open to selling. You can use various methods to pull lists. I use the Reonomy tool to fetch these details. Now, let me tell you that pulling list is an art i...
Consistently Updating Procedures
Friday, November 26
A business must have an organized set of procedures for day to day operations. No matter the business type, the importance of procedures is undeniable. For example, McDonald's has the same procedures of making a cheeseburger all around the world. That’s what defines them! I have also applied just...
You Fail When You Give Up
Wednesday, November 24
I firmly believe in the saying that “You fail when you give up”. Real estate investing is entrepreneurship, and entrepreneurship is full of ups and downs. There are times when you feel above everything – like a Superman, and then there are times when you are unable to get anything done properly. ...
How to Partner Up With People
Sunday, November 21
I called my mortgage broker this week and learnt about yet another emerging trend that gave me goosebumps! He told me that the agency lenders are now becoming more particular about having key principles on deals they finance. The main reason behind this increased consideration of key principles ...
Asking Right Questions to Discover Pain Points
Saturday, November 20
Real estate rates are touching the skies and it has become nearly almost impossible to get a good deal through a broker. In response to this emerging scenario, we are targeting off-market deals and reaching out to the owners directly. Our primary concern is to get deals done at better prices by ...