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Property Rehab Checklist & “Scope of Work ” Report

How to Find, Research and Manage a Rehab Investment Property

  • Evaluate the Market - do your due diligence, check your comps and local RE info
  • Rehab Checklist - When you find a property perform a walkthrough and use a checklist. (Click the button below to get a free copy)
  • Create a Rehab Budget- once you define your project's scope of work using your rehab checklist, it's time to crunch the numbers.
  • Make an Offer- once you know what you need to repair and you conclude it is the right deal for you, make an offer.
  • Find a Reputable Contractor- find a good contractor that can help you finish the rehab. Use sites like Google, Yelp and Angi.com to help your research.
  • Cost to Cure Report - have the contractor provide a bid and complete this report. The report helps with time management and aids to identify each phase of the project.
  • Secure permits - obtain the necessary permits that are required for your project.
  • Demo & Cleanup - commence with the cleanup and demolition phase that will allow for renovations and help keep the site safe.
  • Prioritize Improvements - start by choosing repairs that offer the highest return on investment. Kitchens and bathrooms are primary sweet spots.
  • Finalize Rehab - perform a final walkthrough of the project and make sure your contractor completed the job as requested.
  • Implement your exit strategy – Fix & Flip, Fix & Hold/Rent

STEP 1

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☛The ABCs of Rehabbing Investment Properties on a Budget

One of the pricier projects a real estate investor can undertake is rehabbing investment properties. This undertaking can be overwhelming and tricky, especially for beginner investors. It consists of purchasing a property, renovating it, and selling it for full market value or renting it out. Rehabbing requires attention to detail and time to master. It remains one of the more lucrative investment options in real estate. C.ick on the button below for the full article on the ABCs of Rehabbing Investment Properties on a Budget.

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*Private Funding provided to experienced investors that have valid verifiable subject properties, investment history and operational funds. ROGP reserves the right to refuse any deal that doesn't meet our internal private funding standards. All deals will be evaluated and processed promptly if all data on our lending form and additional documentation requested is provided in a timely manner. ROGP makes no promises of funding any deal, especially if through the vetting process information comes up that disturbs the value of the subject property or the borrower.