Just a note for any of my readers who live in the Atlanta area and are looking to get started in real estate investing…
I will be holding Rehab Estimation Workshops at one of our actual flip houses the first two weekends of June. For more information, check out:
Rehab Estimation Workshop
Feel free to email me with any questions!
So when are you having a workshop in New Jersey? 🙂
Hey Scott, I’m sure that will be an awesome workshop. Quick question for you….I know you stage all of your rehabs….did you actually purchase furniture for a steep discount? Do you rent it? Do you furnish every room?
Hi Shae, this is Carol, J’s wife/ real estate agent/ business partner :o) I stage our houses and yes, we purchase all of our furniture rather than renting… we’ve found that purchasing actually costs less in the long run. I buy a few items from large furniture stores, but i scour craigslist and local classifieds for people who have bought out warehouses that have gone out of businesses, people selling barely-used pieces, etc. AND owning the furniture helps in house negotiations–i.e. “no, we can’t lower the price further, but we’ll throw in that armchair you love!” We do furnish every room… just another little way to stand out above the rest and move our properties quickly. We wrote a couple posts on staging a few weeks ago… be sure to check them out :o)
Hey Shae!
Here are the links to the Staging Tips Carol referred to:
http://www.123flip.com/education/staging-tips-part-1
http://www.123flip.com/education/staging-tips-part-2
If you are really good at bargain shopping, you can stage a house top-to-bottom for less than $2500, which is about what you’d be paying a good stager to do for you. But, you get to keep the furniture for the next one!
Aly brings up a good question. Do you have any plans on making this information available by other means?
Glad you are getting into the teaching aspect, I think you will enjoy it.
I just purchased some decent video equipment yesterday, and I plan to put a bunch of the estimation/inspection information and eventually the rehab information into video tutorials and video series. Plus, we have a huge rehab project yet coming up in a couple weeks ($60K+), and I’ll do my best to capture it on video and post to my blog so others can follow and learn.
As much as I love writing the blog, I’m finding that it’s difficult to present a lot of the hands-on info that I’d like to convey, so hopefully video blog posts will be more useful…
great idea for work shop and having to go though a house that needs work. the key is knowing what to look for and avoid programs. a video will be great
Hi Scott and Carol! Just wanted to say thanks so much for the tips on staging!
Looking forward to the video, thanks for all the great info!