How to Rehab a Property

Everybody wants to get into a business that is going to bring in Prosperity. So, you need to be all that motivated and excited about doing something that would make your coming days Great. I think Real Estate Investment is one such business domain that is all paying and progressing. Just take an example of rehabbing any old property for the sake of reselling it in open retail market. You need to know few tips for doing a perfect kind of remodeling of any old house.


It is a general human psyche that everyone looks at the outer realities at first sight, and face value is therefore the first priority. There are Real Estate Investors who get into rehab process and think that ideal customers would just check the inside repairs and renovations, and they don’t care a lot about outside appearances. It is only a wrong perception as every customer needs to stop at first glimpse of your rehabbed house. When he will stop his car and try to get a closer look then you are really successful in getting a client to the right front.

The next phase of Rehabbing starts with the beautiful things at entrance like an amazing door knob or the plush blankets in entrance. Then you have to grab the attention of the female members as they are always curious about how the kitchen and bathroom fixtures look like. Make everything trendy and updated in these areas of your own rehabbed house, as a way to attract your potential customers and to earn a greater degree of profit. Enjoy investing in Real Estate Business!!!

Jump To Last Impression

The second jump is the last chance for the medal contender to make up for lost time by getting some distance or by throwing down a serious trick for some added points. Having a good knowledge of the race you have ran so far and how well you landed your first trick will help you.

Your Rehab needs to give people a reason to STOP the car. I used to think that outside landscaping did not sell a house. Boy was I wrong. If people don’t like the outside you will never get them in the inside. Now don’t overdue it! Again look around the neighborhood. You only need to be the same or a little better than you neighbor. I make up for this by doing little or nothing in the back yard. If they like the front yard and they like the inside they can do their own work to the back yard. You have to know when to throw down a serious trick and when to just go for the speed. This is a serious judgment call that can not be overlooked.

You don’t have a second chance to make a first impression. As a real estate investor you have to look at homes the way buyers do. Buyers are looking for the best home, for the lowest price in an area they are happy with. Although you may not think that you are in competition with homes in other areas you are wrong. Buyers are thinking am I willing to drive an extra 15 minutes to work if I can have double the size home? Or would we rather be in the city and have a smaller home but no commute. In being successful you need to look at what buyers are looking for in a home. Simply, you need to be the nicest home with the lowest price in your area and the home will sell. Homes sell every day and your home will sell if it is the lowest home and in the best condition.

Time Counts

Pick up the speed. After the first jump comes, the longest set of mogul’s begin. During this time contender’s focus on keeping their knees close together and increasing the speed without losing control. This is a difficult balance of control and lack of control.

When you are in the middle of your rehab you need to pick up the speed. You also need to keep things under control. Time is a Gold medal when it comes to Mogul Free Style skiing just like Time is Money when it comes to a Rehab and Retail Investment. Too many investors act like they have all the time in the world. You should have guys on top of guys in the home working. I can have an entire home completed in 30 days. Our average basic rehab takes 2 weeks. Our more detailed takes 30 days and on some occasions 45 days. Every day costs you money.

We set a completion deadline for all of our repair guys from carpet to paint and everything in-between. I like to give my repair guys a bonus for getting properties done before schedule. So we all agree on the completion deadline. I then look at the cost of my hard money per day. I then give 25% of my per day cost as a bonus if 100% of the property is completed in that time frame. And I mean 100% of my contracts say no leaky faucets, no loose screws, no door handles or cover plates off, 100% complete. In model home ready condition. If they go over the deadline they pay 50% of my per day hard money cost. For example if the per day hard money cost is $100. Then I give them a $25 per day bonus for early completion and a $50 per day penalty for not getting the work done. Why is there a difference? Because we all agreed on what the completion deadline can be. So anything before that is really a gift to the workers. Anything after that is really a cost to you as the investor.

Pick up the speed, time will cost you Gold in your pocket just like the lack of speed can cost a Mogul Freestyle skier a gold medal.

Choose your Trick Wisely

Air only counts for 25% of your score. So if you do too big of a trick and don’t land it then you lose. It is really that simple, and really that harsh. However if you don’t do a decent trick you can lose it as well. Choosing the right trick based upon your situation, the conditions, what the other competitors are doing is essential to being a successful Mogul Free Style Skier.

We see too many real estate investors fixing up homes as if they want to live in the home. Meaning they make changes to the home as if they are the owner. Making things to personalised, doing dark accent walls that some people may like and others may hate. Or doing cabinet and counter top choices that some people will love and others will hate.

You need to pick your tricks wisely. When completing a rehab and retail we frequently see too many people doing too much to the property. When you put a property under contract go look at some of the homes that are currently on the market on the same street. With those homes you will know if Granite counter tops are standard in the area or if you can just use laminate. You will know if you have to get upgraded appliances or if lower end appliances or even used appliances will work and many many more. I recommend that you do what is standard in the area and then I like to throw in a little something extra. For example if every home in the area has vinyl floors I like to do tile in the kitchen, or maybe do nicer carpet than everything else in the area. So for each house I recommend that you do something to bring some sizzle than all the other homes.

The Key is to have your home the nicest. I think this is accomplished by having new carpet, new paint, and everything clean and working and then to add a little sizzle, one thing that you do extra to spice up the home. Choose your tricks wisely; if you over do it you lose, if you don’t do enough you lose. Knowing the other homes for sale will tell you what you are competing with. If you know what tricks your competitors are throwing in you will know what type of tricks you need to do to win the Gold!

Find Your Line!

Continuing on our Olympics of Real Estate Investing. When a Mogul contender heads down the course they are constantly having to choose a line to follow. This is impacted by visual conditions sun, wind, snow, lighting at nights. With each bump they have to be looking forward to what the next line is.

We find so many real estate investors that don’t have a plan before they get started with the property. They find a property that may even be a good deal but they don’t find their line. We have even seen real estate investors that have found a good deal that they really could of made profit with but they end up breaking even or even losing money. Why you ask? Because they never found their line.

When you are doing a rehab and retail before you are done with your due diligence, or even before you make an offer on the property you need to know A. Exactly what work you are going to do to the property B. Exactly how much the work is going to cost C. Who is going to be doing the work D. How long it will take to get the work done to the property.

No Olympic Mogul ski is going to Guess on their line. They are going to have a defined line for the first few turns before they even leave the gate. Don’t guess on repair costs, even if you have experience with repairs get the guys out that are going to be doing the work. Get firm prices from everyone that will be involved. I like to do this once I get a property under contract. We typically ask for a 48 hour time to inspect the property. During this time we set a meeting for every person that will be doing work on the property to meet at the same time. So the Flooring guy, the cabinet guy, the painter, the handyman, electrican or plumber if needed all show up at the house and look at everything and give us a price on the spot. This cuts down on back and forth of conversations and makes everything efficient. The bird dogger we buy properties from likes this as well because they know we don’t drag out the situation forever, they know that in 24 hours or 48 at most my earnest money goes hard.

Find your line by knowing what your cost will be before you leave the gate.

Do Hard Money.com compared to other lenders

As Do Hard Money has been expanding into additional states we have been met with some resistance from other Hard Money Lenders. These lenders have criticized Do Hard Money lending practices as “irresponsible lending”, or “not the norm” other have criticized that Do Hard Money is “adding to the problems this country is facing” .

At the end of the day we take all of these criticism as complements. First off not one of the criticisms comes from borrowers; they all come from other hard money lenders. The root of the problem the other Hard Money Lenders have is that we will do financing with no money down from the borrower. Secondly that we do not require any monthly payments. Our company was built by real estate investor’s not retired bankers and people from the financial sector. We realize that equity in a property you are purchasing has value just like cash. We also realize that rehab and retail investors run into problems and challenges along the way so not having to make payments are a major benefit. In addition many rehab and retail investors get so into the project they forget what day of the month it is because they are working round the clock.

We are not aware of any other Hard Money Lender that offers what Do Hard Money.com does for investors. I am sure that is why we are causing such a stir for other Hard Money Lenders. We are different! We are not the Norm and we will never be.

The Truth is that Markets go down and Markets go up. I just want the markets to move, because movement creates opportunity<--->

How Real Estate Investors are Helping the Economy

We want to help our borrowers earn $26,000,000 in profit by December 31, 2012. When we say profit we mean NET not gross. In doing that Do Hard Money.com is providing financing on properties that no one else will finance. There are 11 catagories that are helped by an Investor doing a Rehab and Retail investment. Over the next few days we would like to talk about each one of them

1. The Bank or Pervious Owner

The Bank or owner is in financial distrees. The sell puts much needed capital back into the bank or owner so they can be more solid financially in there company or household.

Tips for Real Estate Investors: How to Rehab?

You would have heard or read by now that the real estate is still coming down and the bottom may not be seen until 2011. But this isn’t doom and gloom if you are an investor. Right now, it is probably the best time to invest in real estate when the values are down and the inventory is available. An optimistic viewpoint of looking at the difficulties is looking for the opportunities hidden behind them. And in these difficult times it is most probably the rehabbing of disrepair real estate that you can expect profitability from.

If you say you don’t have any money then it is not something you can’t change. This is where a hard money or private money lender comes in to provide you the resources to invest in your future. As soon as you decide to get started, this is the time when you will soon start looking at enlisting professionals such as real estate agents, appraisers and other successful investors in order to help you build your business and your estate. Here are some tips for the investors looking for opportunities in the real estate rehabbing market.

When it comes to evaluating a property to invest in, you should look for the one that you can price lower than the neighboring market after you would have rehabbed it. How can you know if you have found a good property? Well… take a look at the lowest “Solds” being fixed up and the lowest “Actives” in the immediate area in good conditions. Basically “Solds” tell you about the history and “Actives” show you the future. Make sure you are looking at the comparables related to the exact neighborhood or the immediate area. Too many times investors have gotten comparables from areas which were outside the neighborhood. This mistake can cause you hardships like longer holding period, lowering the price and even losing money.

If you will go conservatively; making smaller profits on more deals, then you will have greater chances of success as compared to going aggressively for few bigger deals. So, the best approach to this business is what is traditionally stated as: “slow and steady wins the race.”