Posts Tagged 'security for vacant properties'

How to Manage Property Rehab Costs for Maximum Efficiency and Value

Posted on: June 22, 2011

Categories: Fix, How To, Real Cases

Author: buyfixandprofit

How to Manage Property Rehab Costs for Maximum Efficiency and Value

Quick Tips on How to Minimize and Control the Cost of a Rehab Project

Purchase the general construction materials and supplies for your contractors and have it delivered to the job site.  Instead of having your contractors spend their time looking for material, do it yourself if you can.  It’s amazing how long a simple trip to Home Depot can turn into.

Property Rehab Written Scope of Work

Always put the scope of work in writing with enough detail to avoid conflicts and “misunderstandings” during the rehab of the property.  It’ amazing how crystal clear your vision of the finished product is during the walk  through with the contractor and then how any questions come up in the middle of the rehab.  Questions such as, “Oh, you wanted that wall knocked down?” or “You wanted more than two kitchen… Read the rest

What do you think? [ No Comments » ]

Options for Securing Vacant Property

Posted on: September 15, 2009

Categories: Fix, Ideas

Author: buyfixandprofit

Flipping properties in rough neighborhoods can be quite aggravating and costly if one does not take the proper precautions to secure the property during and after the rehab is complete.  Depending on the crime rate of the neighborhood, choose the option that makes the most sense for your area.

Electrocution (check with your local zoning laws first)

I came up with this brilliant idea after my first break-in.  My first home rehab project was completed the day before Thanksgiving in ’01.  The very next day, on Thanksgiving, I received a call from a fellow investor informing me that the back door to the house was wide open.  Upon arriving at the house, on Thanksgiving night, I found that all the copper plumbing was ripped out of the basement, along with the kitchen counter tops, kitchen cabinets, furnace, and the toilet… Read the rest

Related Posts Plugin for WordPress, Blogger...

What do you think? [ No Comments » ]