I was watching some videos of other investors, and I noticed that during the construction, they said there was going to be some uptakes on the cost. How do you understand your property unless you know all the cost upfront?
It’s like the Property in the video above these clients had all the cost in front of them and understood not only what the cost of the property was, but also the rehab, rent and all the other expenses that would affect their decision.
Our Clients properties are inspected and I go in and add those deficiencies on the quote and make sure that everything‘s gonna be in budget so the client can be more informed on what the status will be of their pocketbook and their profit.
The bigger the job the less money you make Construction is money making for non-realtors to put money in their pocket Construction profit. Construction profit for us is very minimal. We make more money on commissions, which is fully disclosed before they buy property. There’s no markup on the property and there’s minimal profit on the very affordable Rehab.
This property is getting complete upgrade on the interior and also we’re adding another bathroom. This will help the rent and also affect the value of the property in a positive way. You would not believe what we are adding a full bathroom for
Need real estate that you know the cost and the markup?
Check out the website on what we make our clients and
call me (Brett), 216-703-5740 Key Realty property Management
https://realincomeproperties.blogspot.com/
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Thank you