When done well, home renovations can help you make a SERIOUS profit on your properties. Whether it’s a simple fix or a complex rehab, having a few systems and processes in place will go a long way toward ensuring your success. The best part? Any rookie can implement them!
Welcome back to the Real Estate Rookie podcast! Today, we’re chatting with graphic designer turned full-time investor, Serena Norris. After a friend introduced her to the book Rich Dad Poor Dad, real estate quickly became Serena’s new obsession. She quit her job to spend the following months networking and attending meetups until, naturally, she found a mentor to show her the ins and outs of investing. At first, she was willing to take on all kinds of mundane tasks and soak up as much information as possible. In no time, Serena was running her own BRRRRs (buy, rehab, rent, refinance, repeat)!
Whether you need help convincing a mentor to invest in you or managing your own home renovation projects, Serena’s got you covered! In this episode, she delivers a thorough breakdown of how to estimate rehab costs and find a good contractor for your home renovations—as well as some of the invaluable systems, tools, and templates you’ll need along the way! If you’re EVER going to do a home renovation (which you probably will), DO NOT skip out on this!
In This Episode We Cover:
How to manage a home renovation project from start to finish
Finding a real estate mentor (and how to provide value to them!)
Systems, processes, and templates that EVERY rookie investor needs
Building the perfect scope of work for your home renovation job
Hiring the right contractor for your project (and how to make sure you’re covered!)
Everything you need to complete a home renovation project remotely
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Submit Your Real Estate Rookie Question!
The Step-by-Step Guide to Finding the BEST Off-Market Real Estate Deals w/Nate Robbins
How to Work LESS and Earn MORE by Putting “Profit First” in Real Estate w/Mike Michalowicz
How to Renovate a House — Step by Step
Book Mentioned in the Show
The Book on Estimating Rehab Costs by J Scott
Rich Dad Poor Dad by Robert Kiyosaki
Connect with Serena:
Serena's Instagram
Serena's Email
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-330
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