Avoid costly rehab mistakes that could drain your profits! 🛠️ In this episode, we’re diving into the key rehab strategies every real estate investor needs to know. Whether you're a seasoned pro or just starting your real estate investing journey, we’re breaking down the biggest rehab pitfalls and how to avoid them to protect your bottom line. From vetting contractors to setting realistic budgets and timelines, we’ve got you covered!We share tips on working with inspectors, managing long-distance real estate projects, and building strong relationships with your team to ensure success. Plus, we pull back the curtain on our own current project, revealing the challenges and wins as we transform an outdated property into a cash-flowing rental. 💰If you're dreaming of building a portfolio, creating financial freedom, or mastering the BRRRR strategy, this video is packed with insights to help you take your investing game to the next level. Learn how to plan your rehab, avoid rookie mistakes, and make every dollar count in your next deal!🏡 Follow along for real tips, lessons, and inspiration to start (or scale) your real estate journey today! Don’t forget to like, subscribe, and share your thoughts in the comments below. Let’s make those real estate goals a reality! 🙌#realestate #howtofindacontractor #rehabstrategies #howtodealwithcontractors #realestateinvesting#biggerpockets #duediligence #housingmarket #financialeducation #contractorvettingCHAPTERS:00:00 - Next Step in the BRRRR Strategy02:05 - Importance of a Good Property Inspector04:12 - What to Look for in a Good Contractor15:40 - How to Create a Rehab Budget18:08 - Back of the Napkin Math for Investors19:59 - Importance of a Contingency Budget21:30 - Current Project Update and Insights25:40 - Project Specs Before Renovation29:25 - What's Next for the Property Project31:50 - Plans for the Property Investment33:01 - Final Thoughts on Real Estate Strategy37:18 - Outro and Key Takeaways
