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How to Plan YourRehab from Startto Finish.
If you fail to plan,you are planning to fail.
why doesn’t everyIf it is so important,
investor plan more?
Too Busy /Not Enough Time
They don’tthink it’s important
“don’t worry, I’ve got it all figured out”
They don’t knowhow or what they
should be planning.
Planning Advantages
No Plan?
Planning Tips
Componentsof an effectiverehab plan.
Vision
Budget
Material List
Phased RehabSchedule
Scope Sheets
Tying it All Together
what to plan and when.
Before You Sign- Projected Profit - Rehab Budget- ARV- Days on Market
Your purchase should revolve aroundyour written goal andtime frame, not your gut.
Act quickly or you willget stuck with others’leftovers.
Before You Close- Detailed Estimate- Phased Schedule- Material List- 2 Week Scopes- 1 Week of Bids
When you are sitting at the closing table,you should knowexactly how and what you are going todo in the first two weeks of the rehab.
During the Rehab- Follow the Phases- Bid 2 weeks out- Materials 1 week out- 2 Weeks of Scopes
Always have 2 weeksof scope sheets ready.
Have materials at thesite for the next week.
Get bids from subs every week for thefollowing week.
Finalizing the Rehab- 100% before $$$- Jump in at the end- Plan listing + staging
Always have 2 weeksof scope sheets ready.
Have materials at thesite for the next week.
Get bids from subs every week for thefollowing week.
Finalizing the Rehab- 100% before $$$- Jump in at the end- Plan listing + staging
Always have 2 weeksof scope sheets ready.
Have materials at thesite for the next week.
Get bids from subs every week for thefollowing week.
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