All Forum Posts by: Fe F.

 did you see the actual event happening (meetup) in Pasadena on 8-18 this month? on the meetup page ?

@Christopher J Woodland If you check out my signature you can get an article going over estimating rehab costs in-depth. 

If the house is off-market and the seller is someone you are directly dealing with, then it likely wouldn't be courteous to bring contractors prior to going under contract. We never bring contractors until it is under contract because most leads never turn into anything so it wastes the contractors' time, and also it's a bad look (in my opinion) to be planning a renovation and talking about how you're going to tear down walls, change the flooring, etc in front of the seller. This is likely their largest asset with lots of emotion tied to it so I feel it's best to wait until under contract. And even then, we never discuss anything directly in front of the seller. 

I'd just be overly conservative with your first rehab estimate, and above all else, focus on nailing the ARV. It's much easier to recover from a botched rehab estimate than from a botched ARV estimate. Good luck!

 Many newer investors either take an expensive course to get started or jump in without much understanding and make costly mistakes or bad decisions. The courses can be good but the info is general, takes time to learn and apply, may be one size fits all approach and can not adapt to the quick changes in the market. And jumping in blind or with little understanding can be disastrous of course. So we are filling that gap for people who want to get started now and develop a strategy and make decisions that align with their unique circumstances. My approach 14 years ago looks nothing like my current investments today - we evolved, life circumstances changed and market conditions and opportunities of today are totally different. Basically we help people avoid becoming overwhelmed or falling for the hype so they can make smart decisions. And we offer working with the vetted teams we created over the years as well.  Hope that helps! Feel free to reach out :-)