I’m not sure about the small brokerages but it is my understanding that the larger firms don’t make all that much from the agents, they make their money from their associated Escrow, Title, or other service business for the industry.

Like anything else, just account for the costs in the renovations.

I usually add an additional 15% to the total renovation costs as contingency, but that is for value-add deals.

Hello all, I have a certificate on a house that was in the process of renovation and as such is gutted.

I fixed up a distressed 3br 2ba last year, took out a HELOC and used 90% of it on the downpayment for this duplex, and the rest to help with renovation costs.

If it's a larger organization, feel free to inquire about their different staff qualifications.2.

The 3 main reasons I would like to remove them are: their rent is way below fair market, they are very filthy/hoarders, and I want to renovate the entire property.

Our situation is two fold and is as follows...Although to date we own 2 rental properties and have done 1 flip, we want to do a house hack/ renovation for our own primary residence to live in, build equity + possibly sell 5-10 years down the road.

Driving the neighborhood is an easy way to do this... if you see a bunch of dumpsters in driveways and on the street where renovations and new builds are happening it is pretty safe to say that area is hot.Here are a few links that may be helpful:https://destinationgno.com/https://www.nola.com/neighborhoods/2015/04/new_orl...https://www.nola.com/300/2017/07/where_yat_good_qu...This one is meant to be funny, but it is actually fairly accurate:  https://judgmentalmaps.com/post/98323841965/neworl...https://nola.curbed.com/maps/new-orleans-neighborh...https://www.neighborhoodscout.com/la/new-orleans/r...https://realestate.nola.com/realestate-news/2018/0...https://www.theadvocate.com/new_orleans/news/artic...https://crime-heatmap.herokuapp.com/Good luck and happy investing!

Someone buying 20 properties per year needs a larger funnel for their deals, and then likely needs many avenues to feed them those deals...multiple agents, wholesalers, direct mail campaign.