Business
Selling your rehabs aren’t as complicated as buying a property, but it’s not exactly a walk in the park either. There are many factors to consider before letting go of your hard-earned asset for cash in the bank. From analyzing the neighborhood, computing costs and price points to creating the contract, you have to take the right steps and consult with the right people to make sure you’re not marketing yourself short. Today, Don and Ryan discuss the processes involved in turning your property into money in your pocket. They share their methods in computing costs and margins and explain the importance of knowing the market you’re in before you make a sale. They share some of the reasons why using your own money shouldn’t be an option. They also describe the people you need to have on your team to make sure you get your numbers right. “We're in the business of turning money, not flipping houses.” - Ryan Scialabba This Week on FlipTalk’s Rookie PlayBook: Selling your properties and getting the money back in the bank. Staging, price points, and other terms when selling a property. The length of time a property should get into the market. Don and Ryan's selling methods and how they go about price points. The lessons Ryan learned from putting refrigerators in his properties. Using hard money and private money and how to compute for costs. Why pre-selling the property is not always a financially sound decision. Rate, Review, Learn and Share Thanks for tuning into Flip Talk’s Rookie PlayBook podcast! If you enjoyed this episode and want to learn even more about what it takes to build a 7-figure real estate business, head over to iTunes and subscribe to the show. Don’t forget to tune into the Flip Talk Podcast and share your favorite episodes on social media to help other new investors learn what it takes to grow a successful business in the real estate investing industry. Join the community of Flip Talk fans on Facebook, YouTube, and visit our website for even more content, information, and resources about real estate investing.