Turn Your Dead Real Estate
Leads Into Hard Cash!

We Buy Your Dead Leads!

Real Estate Contracts and Forms
We Are Seeking Private Lenders
Total Real Estate Solutions is seeking one or more private lending resources for a unique project. If you, or someone you know, is interested in learning more about this interesting, lucrative and well-secured opportunity, please click here and share a bit of info with us and we'll be happy to discuss the opportunity with you.
 Welcome Home
Home Page
Site Map
Reading Room
Real Estate Books
Real Estate News
Tools & Resources
Free Newsletters
Panel of Experts
Contact Us
Website Services
Real Estate Websites
Website FAQ
Showcase of Examples
Custom Template Design
Buying a Home?
Tips for Buyers
Featured Listings
Search Property Listings
Foreclosure Listings
Financial Calculators
Selling a Home?
Tips for Sellers
List Your Property
Listing Manager
Real Estate Pros
Foreclosure Listings
Affiliate Partners
Real Estate Talk
FREE Real Estate Forms
Contracts and Forms
Marketing Ideas
FREE Website Content
Resources and Links
Glossary of Terms
Top 100 Best
Real Estate Directory
Add Your Listing
Link To Us
Visit Our Sister Sites
Refrigerator Art Mktg
Top 100 Best Websites
Free Real Estate Sites
Real Estate Directory
FSBO Directory
Lender Directory
Home Builder Central

Real Estate Reading Room [General Real Estate]
Articles and Advice about General Real Estate from Real Estate Reading Room

Best Rehabbing Tips to Stay on Budget
by Tim Cook

Buying an under-priced house that needs fixing up, and then doing the rehab and reselling it is a great way to make a profit in real estate investing business. While it all looks good at the outset, there are pitfalls along the way that can eat up your profits. One of the cardinal rules of rehabbing is to keep it simple. Don’t try to add all the latest decorating fads. Remember this is not your house and you will not be living in it. This is a business transaction and you will do well to keep your emotions out of the equation.The second rule is not to do the work yourself. You will come nearer staying on budget (and on time) if you hire competent, qualified contractors and use your time to find more deals.

The process of rehabbing a house depends a great deal on speed. The longer it takes the more money you will lose on the deal. Hiring the work done usually means it will get done quicker (and usually with higher quality work) than if you do it yourself.

It’s understandable if at the outset of building your business, you feel it’s necessary to do the needed repairs yourself, but make it one of your highest goals to move out of that position as soon as possible.

When searching out contractors, be sure to obtain more than one bid. Don’t go with the first contractor you talk too. And keep in mind that the lowest bid is not always the best.

Ask for references. Find out if this crew is reputable and trustworthy. Then weigh that against the cost. Contractors who do not do what they say they will do are more expensive than you can afford. One of the best places to obtain references is at your local real estate investors group. Many of the members will know the names of the best contractors.

Make sure everything is in writing. Clearly state what is needed and how much you feel should be spent on each aspect of the job. Communication is vital in this relationship. If you specify you want the interior painted as cheaply as possible, do you want cheap paint, or cheap labor? There’s a big difference, and the contractor must know exactly what you mean.

Create a contract that includes a structured penalty for every week (or day) that the crew goes over deadline. Discuss this point before the work ever begins. This proves to be a great protection against lost time.

Once you set these parameters in place, you will be much more likely to stay on budget for every rehab project you undertake.

And that means more cash in your pocket when the deal is closed.


Come join us, please add yourself to our buyers list for Nation-wide deals at - TradeCash4Houses.com


Also download our free APP "TXHouseBuyer" NOW to receive “Push” Notifications of hot new deals, tips, free reports and more.


Contact Information:


Tim Cook
TMC Property Solutions
1706A Santa Fe Dr,
Weatherford, TX 76086
Contact Us Today!

TMC Property Solutions Websites and Social Media Sites:



Tim Cook of TMC Property Solutions, a Veteran owned and operated small business and is a successful Dallas Fort Worth area based real estate investment company since 2000. Having come through some of the beginner hard knocks, he has a desire to help guide and mentor others in the business and also organizes a real estate investor group in Weatherford Texas as well. He stands ready to help investors gain this needed knowledge to become successful in working with buyers, sellers and investors in all aspects of the business. For more information, tips and investing techniques visit us today at www.IBuyNorthTexasHomes.com.

Real Estate Reading Room HomeMore Articles in General Real Estate
More Articles by Tim Cook

Article Topics

Search Articles
Search Keywords

Popular Searches


To request permission to reprint this article, please click here to contact Tim Cook.

Copyright © 2019 www.topdogdomains.com
Powered by inetUSA