Tips From Success Path’s Tarek & Christina El Moussa

Real Estate Investing 101: Tips To Get You Started

•Don’t waste time trying to find contractors too late in the process

•Once a good investment arises, you’ll have the resources you need without hesitation

Have Contact Info For 2 or 3 Really Great Contractors

•Once you close on a house, it’s yours•Time is money, so call your contractor immediately• It’s all about getting good work done fast, so the sooner you work, the

sooner you finish, and the sooner you can sell for a profit.

As Soon As You Close, Call Your Contractor

• If you were able walk through the house before you closed, then you should have a start to your to-do list

•Once you’ve bought it, make your final list so you can direct work on the house and get things moving as quick as possible

Next, Make A List

•When you walk through the house with the contractor, it can also be beneficial to have an inspector with you

•Talk together about everything that needs to be done to repair damages and bring it up to market value

•Be thorough. Include updates you want to make in the kitchen, walls you want to knock down, and anything else you plan on doing to the house

Walk Through The House With The Contractor

•Once you’ve accepted the contractors bid, let them work•Spend time at the project, but you don’t have to be there all the time•Make sure your instructions have a lot of detail

Manage the Rehab

•Chances are, your contractors know more about their jobs than you do, so don’t stand over them every minute of every day

•As long as you have given them good details in the beginning, let them get to work and don’t question everything they are doing. You will be happier this way, and so will they

Don’t Micromanage

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