What Topics Would You Want Covered In Rehab Training Courses?

What Topics Would You Want Covered In Rehab Training Courses?

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!

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  • Indianapolis, IN · Member since 2013 · 354 posts · 90 votes
    12y
    • Creating standards
    • Steps in rehab process
      • I use the 50 steps from FLIP to reference
    • How to manage a project
    • Creating systems for managing
    • The steps in getting the house either staged or sold
    • Obviously how to estimate rehab on a house
      • In accordance with this, how to figure average pricing for most common work needed (ie paint, flooring, mechanicals)
    • I'd want to see several houses walked through in the video and to be challenged in figuring out what needs to be fixed up
      • We were thinking about gamifying this and allowing REIs to do this in an interactive way
    That should help some?
  • Real Estate Investor · Oak Lawn, IL · Member since 2008 · 11 posts · 5 votes
    12y

    Thanks Taylor, this is helpful. I like the idea of gamifying the process in an interactive way. Maybe we can incorporate something like this into it.

  • Investor · Oxnard, CA · Member since 2014 · 438 posts · 187 votes
    12y

    As a newbie, I would be most interested to learn how to estimate repair cost. Video of a walk-through of an actual property would be awesome.

  • Real Estate Investor · Oak Lawn, IL · Member since 2008 · 11 posts · 5 votes
    12y

    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.

  • House Flipper · East Stroudsburg, PA · Member since 2013 · 1k+ posts · 205 votes
    12y

    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.

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