278: Rookie Reply: Finding Comps, Estimating Rehab Costs, and Filling Vacancies

Apr 15, 2023

Discover negotiation tactics for FSBO deals and learn how to effectively communicate rehabilitation costs. Explore diverse financing options, including personal versus commercial debt, for aspiring investors. Dive into strategies for estimating rehab expenses and filling rental vacancies, including adjusting prices to minimize downtime. You'll find valuable insights on equity distribution in partnerships and best practices for tenant selection, all while celebrating listener engagement and practical real estate tips.

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ADVICE

LLC Mortgages

Get a commercial loan with 20-25% down for LLC mortgages.
Consider personal loans for better terms if liability isn't a concern.

ADVICE

Structuring Partnerships

Consider who carries the mortgage, provides the down payment, and how equity/profits are split in partnerships.
Minimize people on the mortgage to improve future loan options.

ADVICE

Estimating Rehab Costs

Estimate rehab costs by analyzing recent comparable sales and consulting contractors.
Create a detailed template for material and labor costs.

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