Updated almost 9 years ago on . Most recent reply
Learning rehabbing from my desk
I am new at this. But wait! Before you read my title, and reply by saying, "No one can learn rehabbing from a desk!!" -- Let me first say, I know this. Really, I do! Rehabbing, and real estate investing in general, can only be understood by DOING it, and no amount of desk work will teach me rehabbing.
What I mean is, I have some extra time during the day, at my desk (e.g. lunchtimes), and am using this time to work on real estate. Part of that time I spend looking for a rehab-flip, but part of that time I am using to teach myself about rehabbing. What I am doing is studying J Scott's The Book on Estimating Rehab Costs, and also watching videos from This Old House that correspond to what I am reading.
Do you have any other advice for me about what I can do to teach myself rehab, during the time I am at my desk?
I am 100% determined to do my first flip in the next few months (I already have pre-approval from a hard money lender), so I would gladly welcome advice.
Thank you!!
Most Popular Reply
No one can learn rehabbing from a desk.
Oh shoot, nevermind, I'm not supposed to say that.
In addition to reading the book, can you research some local contractors that you can potentially meet with when you find a rehab project? You will learn more being on the job with them than you will at your desk. But you already knew that ;)