Real Estate Investor · Oak Lawn, IL · Member since 2008 · 11 posts · 5 votes
I am creating high quality instructional training videos covering the rehabbing/flipping process and would love some feedback on what topics you would want to see covered in videos like this.
As a newbie, or even part time investor, what questions would you want answered, and what information would you want covered in step by step how-to videos like this?
Thanks Cornelius. We'll definitely be doing walk-throughs of several projects we are working on with detailed explanations of each.
Estimating repair costs is something we are definitely considering, and seems to be valuable information based on feedback we've gotten. It can be tricky though since many material and labor costs vary from one part of the country to another.
Perhaps giving an example of our repair estimate based on our location, then a general ballpark idea of the low end and high end would be good to show people in different markets.
I think two areas that are overlooked are realistic ARV prices which control how much money you can invest into the property and exit plans, how to market the property to exit as quickly and profitable as possible. Carrying costs are an expensive that most do not pay particular attention to. These issues are an important part of the flipping process. Food for thought.