A house rehab is the process of taking a property, restoring it, and improving upon it. The goal is to boost the property into satisfactory or even superb condition to sell it at the most decent price. Rehabbing can cost you a lot of money (that is way over your budget) if you don’t know what you are doing.
Watch this short video as Nick Perry, guest of Jay Conner, shares with everyone how he manages repairs and rehabs on his acquired property.
Nick is the Owner/Founder/Executive Chairman of Want To Sell Now. The largest nationwide wholesaling company in the United States is based out of Austin TX.
He owns a fleet of semi-trucks multiple eCommerce businesses and invests in multiple companies and commercial real estate. He also owns the 7 Figure Cartel mastermind that gets people quickly through the hurdles to become multiple 7 figure real estate investors.
Nick grew up in Northern Virginia and spent the first 5 years of my career in Personal Training before moving to Austin TX where he now resides. He moved to Austin with no job, network, and very little money. Soon as he got to Austin, he decided he would do whatever it took to be successful in real estate in pursuit of new opportunities.
He didn’t come easy. It took him 11 months to get his first deal but he did not give up. Nick worked 18 hours a day 7 days a week. He got a six-figure sales job at Indeed.com while he was building my real estate business.
Nick devoted all of his sales commissions and time outside of my 9-5 to building my real estate business until he was able to go full-time. As soon as he went full-time, he quickly scaled his real estate company to where it is now in less than 3 years. He now has 8 streams of income and is working on creating more.
For more valuable information click on this link and watch the complete episode: https://youtu.be/h1mC4vDnY-s – “Become A 7-Figure Real Estate Investor with Nick Perry and Jay Conner”
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Jay Conner:
How do you get really close to estimating repairs?
Nick Perry:
It’s an art. So one thing that we do is we have a detailed property description and then pictures tell a thousand words, right? So yeah, sellers don’t always know the exact condition of their property, or they try to hide things, you know? But once you have a detailed Rolodex of photos to look at, that’s going to get you really close. Also, after we send somebody in there if they find out that there are additional repairs that are needed, we’re going to disclose that to the seller and all parties and make sure that it’s a win-win for everybody involved. We want the investor to get a great deal, solve the seller’s problems. So, nothing’s really getting past us. It’s gonna come out eventually.
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