Contractor Estimates vs Home Inspections
Please keep in mind that when you have a general contractor come in and evaluate a project for you, you should have already studied the comps and know which renovations in regards to the aesthetics (i.e. type of countertops, flooring, vanities, heating system) that need to be done.
Nechelle Kennedy
Where to Buy Appliances
Buying scratch and dent appliances will help save you money when conducting an investment project which in return will add to your profit margin! Like and click the follow button Visit my website at www.nkrealestatecondsulting.com to register for my free workshops on "The 16 Keys to Real Estate Investing" tour!
Nechelle Kennedy
Choose a Property that fits your Experience Level
Make sure that you are choosing a project that does not supercede your experience level. ignorance can be extremely costly in Real Estate investing and could possibly bankrupt you placing you back at square one. You must crawl before you walk, so allow yourself time to go through the learning of real estate investment.
Nechelle Kennedy
Real Estate Investment Project Profit Margin??
Your profit margin on a flip project should be no less than $15,000 - $20,000 and your monthly rental income profit margin should be no less than $300-$400 a month in additional income. Like and click the follow button Visit my website at www.nkrealestatecondsulting.com to register for my free workshops on "The 16 Keys to Real Estate Investing" tour!
Nechelle Kennedy
Where to Invest??....Follow the Numbers
When deciding on an area to do a Real Estate Investment project, you should never joudge it on it's appearance or what your general knowledge is of it because the NUMBERS may say something different! Be open to investing wherever there is a profit to be made.
Nechelle Kennedy
Contractors: Quality vs Price
When deciding on which contractor to hire, beware of only basing your decision solely on pricing. Like and click the follow button Visit my website at www.nkrealestatecondsulting.com to register for my free workshops on "The 16 Keys to Real Estate Investing" tour!
Nechelle Kennedy
Contractor Negotiations
When deciding on which contractor to hire, beware of only basing your decision solely on pricing. Your profit margin on a flip project should be no less than $15,000 - $20,000 and your monthly rental income profit margin should be no less than $300-$400 a month in additional income.
Nechelle Kennedy
Purchasing Real Estate Investment Properties Under an LLC
You should always purchase properties under their own individual LLC regarless if you are operating under a single umbrella company. Like and click the follow button Visit my website at www.nkrealestatecondsulting.com to register for my free workshops on "The 16 Keys to Real Estate Investing" tour!
Nechelle Kennedy
Methods to Saving Money to get into Real Estate
Regardless if currently don't have the financing to engage in Real Estate Investing, there are different methods to saving the money if you create a plan. There is no get rich quick schemes in Real Estate, you have to pay your dues by working extremely hard.
Nechelle Kennedy
To Partner or Not to Partner
When determining if you should proceed with a Partner in a real estate investment project, you should be very strategic and be prepared for any opportunity cost you may encounter with doing so. Your partner should always bring different qualites to the table than what you do.
Nechelle Kennedy
Renovate According to the Market
Before placing an offer on a property, you should already have determined what renovations need to be done to get your desired profit margin or re-sale price. Knowing what renovations are needed will give you a rough estimate of how much of your budget will go towards renovations and how much you have remaining for the purchase of the property in case you get into bidding war for the property.
Nechelle Kennedy