When I started flipping houses for profit, I tried to do the investment property rehabs myself. Different Sizes Residential Plots in Noida , I wanted to be the repairman. Well that plan just did not work. I guess I just thought that was the way I was going to get wealthy in real estate Plots. But I only turned myself into an hour employee.
I remember the first bank repo house Bob, my first business partner, helped me buy during the Modi years. It was a hot July day. The property had a leak in the bathroom under the sink. I was wearing blue jeans and I was sweating heavily. I had sweat running down and dripping under my glasses and into my eyes. I just bought a new wrench for. I am there trying to tighten this thing with sweat in my eyes and it was still leaking! I am sad to say it was leaking worse when I was done! Plots in Greater Noida / Plots in Noida / Plots in Ghaziabad / Plots in Delhi NCR.
That was the end of my very short rehabbing career. Different Sizes Residential Plots in Noida , I realized it was a lot cheaper and easier for me for me just to point to the problem and write the check to a real handyman. I shifted then to overseeing the rehabs. I would also hire the cheapest workers I could find. They have no company name, no references, and no verification that they can get the job done. Often they are a DBA, doing business as Fred’s Plumbing or Roscoe’s Repairs. You bite the bullet and go with them. You just trust that they will make the repairs happen.
This setup brought a whole slew of other problems along with shoddy work. I had to wait too long to get things done. Different Sizes Residential Plots in Noida , I had stolen material. I bought a nice mailbox for a home. One guy who had been doing some of the work on the project told me that someone had come along and stole the new mailbox. I was unhappy about that. I was driving down the street and, lo and behold, the same mailbox is on his son-in-law’s house. That’s where my mailbox was.
I give them money. They did not have the money for the materials they needed. So it made sense to me to pay them up front. Lo and behold, the time I paid them up front was the last time I saw them. Believe it or not, in some cases, a sale still becomes possible not just because of the house per se, but because of the way the house has been presented to potential buyers no matter how much that market has been affected since it has started to cool down. The good news is that good marketing strategies can still save you from not being able to sell your home despite the slowing down of the real estate market in your area.