Follow Us on Social Media

The BiggerPockets Blog » Rehabbing

Rehabbing

Breaking Up with a Contractor is Hard to Do

by Marty Boardman August 30, 2012

Fix and flip houses long enough and sooner or later you’ll become disgruntled with a contractor. Or, they’ll become disgruntled with you. Here are some key indicators that a divorce with your contractor is eminent: Contractor displays a lack of attention to detail. Contractor is unable to complete a job on time as promised. Contractor [...]

3 Read the full article →

Rehabbing

Increase Your Rehabbing Profits by Watching TV, Really!

by Jason Grote May 19, 2012

You are probably reading this blog to find out just how ridiculous it’s going to be. If you are a rehabber, real estate agent, home stager, or involved in marketing real estate in any way, you might want to read on! When my family began real estate investing, we were completely dependent upon a Realtor [...]

16 Read the full article →

Rehabbing

Which Home Remodeling & Repair Projects Pay Off?

by Steve Cook February 18, 2012

Ready to fix up that fixer upper you bought for a song and plan to sell as soon as the market turns? Getting a property ready to rent or sell can run into serious time and money. According to a survey of investors last spring by Move, Inc., about a third expected the cost of [...]

3 Read the full article →

Flipping Houses & Rehabbing

Long Term – Short Term – Real Life Term

by Jeff Brown September 28, 2010

This morning I got my daily fix out of the way quickly, talking with a very bright investor who’s been doing well in turn ‘n burn mode. Not 40 yet, he’s married with three young children. They’ve been pretty successful in buying REOs, rehabbing them, and doin’ it over again. They’re now liking the whole [...]

4 Read the full article →

Rehabbing

Want To Super-Size That Rehab?

by Richard Warren August 2, 2010

“Would you like to super-size your value meal?” Quite often the response is “Sure, it’s only eighty-nine cents.” When people decline the offer it’s more often out of concern for their waistline than the bottom line. It’s such a trivial amount that you don’t really need to think about it from a financial perspective. For [...]

2 Read the full article →

Real Estate News & Commentary

Short Term Long Term Deep Pockets and Dinghies On Small Docks

by Jeff Brown June 29, 2010

When Grandma spoke we listened. She was tempered steel wrapped in GrandmaSpeak. Tough? Around our family, nobody, at least out loud, claims real toughness, as the standard set by Grandma is something for which we only strive. One day I was whinin’ about an upcoming American History test. She asked if I was prepared to [...]

0 Read the full article →

Rehabbing

Better, Faster, Cheaper

by J Scott June 9, 2010

There’s a popular saying in the technology industry (an industry where I spent much of my career): “Better, Faster, Cheaper — Pick Two“… Basically, the idea was that you can build something at 1) higher quality, 2) in less time, or 3) for less money — but you can’t do all three of those simultaneously. [...]

1 Read the full article →

Flipping Houses & Rehabbing

Why Many Wildly Successful Flippers and Wholesalers Will Face Bleak Retirements

by Jeff Brown June 1, 2010

It’s always been true, but since the correction the calls I get from those specializing in ‘quick turn’ projects, whether flipping or wholesaling, have more than doubled. The calls are predictable, usually coming within a few days after publishing a post about what their retirement will look like, given their long term M.O. — and [...]

5 Read the full article →

Rehabbing

Are You Sure Your Independent Contractors Really Are?

by J Scott May 26, 2010

As a real estate investor — and especially if you’re a house flipper — you will no-doubt be hiring a lot of independent contractors to support your business. And I’m not just talking about the people who will be working on your houses; your real estate agent, your attorney, your CPA, and most of the [...]

4 Read the full article →

Real Estate

Right Time to Rehab Real Estate?

by Richard Warren May 24, 2010

I was talking to a real estate dabbler the other day. He is neither a wanna-be nor a real investor, he just purchased acouple of rental properties several years ago. He is a classic example of being lucky rather than good. He wanted to try his hand in the real estate game and was fortunate [...]

2 Read the full article →

Rehabbing

The 8 Rules for House Flipping

by J Scott April 28, 2010

It’s been a relatively tough real estate market for rehabbers/flippers for some time now, and with the home-buyer tax credit getting ready to expire at the end of this week, it’s likely only going to get tougher. That said, for smart rehabbers who know how to buy right, rehab right, and sell right, there is [...]

4 Read the full article →

Rehabbing

FHA Home Inspection Checklist

by J Scott April 25, 2010

As any investor who has ever sold a property to an FHA buyer knows, there is at least one mandatory FHA inspection that must be completed by the lender prior to the closing of the property. I often get asked what types of things do FHA inspectors/appraisers look for during these FHA inspections, and what [...]

40 Read the full article →

Flipping Houses & Rehabbing

Calculating Fixed Costs on a Rehab, Flip or Wholesale Real Estate Deal

by J Scott March 17, 2010

Last week, my blog post discussed my method for determining the maximum purchase price you can offer for a property that you plan to rehab/resell or wholesale. In the formula I presented, I referred to “Fixed Costs” and I mentioned that I know my Fixed Costs to be about $17,000 on a typical project. I [...]

4 Read the full article →

Rehabbing

What’s in a Contract? Almost Everything You Need to Know About Contractor Contracts

by J Scott February 17, 2010

[Big Disclaimer: I am not a lawyer and I don’t play one on TV. The information I provide below is just my opinion based on my experiences, and shouldn’t be construed as anything more than that…it certainly shouldn’t be construed as legal advice. If you have any questions about the legal aspects of what I [...]

13 Read the full article →

Rehabbing

How to Pick the Best Contractor for your REO, Foreclosure Rehab, or Other Remodel

by Winston Westbrook December 28, 2009

How do you pick someone (a contractor) to take care of your REO, foreclosure, or other home improvement or rehab needs? Do you base it on: the nice shiny truck they came to visit you in? the neatly pressed uniform they are wearing? the sharp penmanship on the estimate? the jokes he or she cracked about the weather? [...]

5 Read the full article →

← Previous Entries