Few people realize that the paint colors you choose for your rehab have a HUGE impact on the amount of money you are able to sell the house for.
I want to share some important paint information with you for your next rehab:
1. We are currently using Behr Silver Bullet for all of our flips. It is a light grey color that works great in all lighting conditions. Even though it is made by Behr, Home Depot’s brand, you can get that color at any paint store.
And yes, lighting conditions matter! Make sure you install LED bulbs throughout…
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One of the big advantages of rehabbing a house is that you have 2 primary options:
1. Buy it, rehab it, and sell it. This provides for a big payday.
2. Buy it, rehab it, and rent it. This option provides you with a steady cash flow stream. The advantage here is that you can get away with spending less money on the rehab.
Here is a house that I think would be an OUTSTANDING cash flow rental property:
The fundamentals are solid; it just needs some cosmetic work, and mostly on the interior.
Here are the numbers:
Let me share a story with you: It’s 3:48 pm on a Thursday. The phone rings. It’s a woman who lives in a nearby town who needs to sell her house quickly. The taxes haven’t been paid in 3 years and the County is going to foreclose in less than a week. She owes $40k in back taxes and her house is worth $140k. If the county takes the house, it will be sold at auction and the county keeps ALL the money. Some counties keep the “overages” made at auction. In other words, when a property sells for more…
Ben Moskel lives and works in Pittsford, New York. Ben provides digital marketing and customer acquisition consulting services for real estate related products