3 Rehabbing Tips to Save You Thousands…Real Estate Investors, Read This.
June 29, 2008 at 11:13 pm | In REI Rehabbing | Leave a CommentWhen you rehab for the flip or hold, it’s important to remember that your newly purchased VACANT house is a target for theft.
Here are three tips I have found to help minimize the potential for loss:
- As soon as you close, secure the house, change the locks and cover all
windows. Now, don’t COVER the windows with painting paper, that just increases the house as a target – use dark paper or black plastic bags - Get to know a couple of the kids in the neighborhood, they know it’s vacant, they know who the trouble makers are (maybe it’s even them). You can usually BRIBE them to keep your place safe for just a few dollars, a pizza, etc. Trouble makers protecting their new ‘territory’ are a great way to keep your place safer when your not there.
- Don’t advertise by placing materials and equipment in the front yard. Keep a clean work area and “hide” your efforts as much as possible. MANAGE your delivery of windows only when you plan to install them, same goes for other materials.
If you’ve ever wanted to learn my simple 17 step approach to rehabbing houses, go grab my 90 minute Rehab Profits Audio Training, it’s under $20 right now!
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