The Rookie Blueprint for Money-Making Home Renovation Projects
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- Опубліковано 25 чер 2024
- Episode #330
When done well, home renovations can help you make a SERIOUS profit on your properties. Whether it’s a simple fix or a complex rehab, having a few systems and processes in place will go a long way toward ensuring your success. The best part? Any rookie can implement them!
Welcome back to the “Real Estate Rookie” podcast! Today, we’re chatting with graphic designer turned full-time investor, Serena Norris. After a friend introduced her to the book “Rich Dad Poor Dad,” real estate quickly became Serena’s new obsession. She quit her job to spend the following months networking and attending meetups until, naturally, she found a mentor to show her the ins and outs of investing. At first, she was willing to take on all kinds of mundane tasks and soak up as much information as possible. In no time, Serena was running her own BRRRRs (buy, rehab, rent, refinance, repeat)!
Whether you need help convincing a mentor to invest in you or managing your own home renovation projects, Serena’s got you covered! In this episode, she delivers a thorough breakdown of how to estimate rehab costs and find a good contractor for your home renovations-as well as some of the invaluable systems, tools, and templates you’ll need along the way! If you’re EVER going to do a home renovation (which you probably will), DO NOT skip out on this!
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Join BiggerPockets for FREE 👇
www.biggerpockets.com/signup?...
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Join the Real Estate Rookie Facebook Group:
/ realestaterookie
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Find an Investor-Friendly Agent in Your Area:
biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
biggerpockets.com/findlenders
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Books Mentioned in This Episode:
“The Book on Estimating Rehab Costs”: store.biggerpockets.com/produ...
“Rich Dad Poor Dad”: store.biggerpockets.com/produ...
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The Step-by-Step Guide to Finding the BEST Off-Market Real Estate Deals w/Nate Robbins:
www.biggerpockets.com/blog/ro...
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How to Work LESS and Earn MORE by Putting “Profit First” in Real Estate w/Mike Michalowicz:
www.biggerpockets.com/blog/ro...
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How to Renovate a House - Step by Step:
www.biggerpockets.com/blog/ho...
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Connect with Serena:
Instagram: @serena.claire or / serena.claire
Email: scalewithserena@gmail.com
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Connect with Ashley and Tony on BiggerPockets:
Ashley: www.biggerpockets.com/users/e...
Tony: www.biggerpockets.com/users/t...
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or / wealthfromrentals
Tony: @tonyjrobinson or / tonyjrobinson
Show notes at: www.biggerpockets.com/blog/ro...
00:00 Intro
03:18 The Real Estate Obsession
09:26 Finding Your Mentor
20:03 Building a Scope of Work
33:36 Hiring Contractors 101
42:3¨7 Systems EVERY Rookie Needs
51:38 Remote Rehabs
58:00 Do THIS Before You Start!
01:02:22 Connect with Serena!
This was an amazing episode with Serena with super informative content. Thanks for having Serena on.
Ashley and Tony your show is my FAVE! When i'm feeling down, I watch your show to light the fire under my butt again !
Great breakdown. Construction is such a hard thing to do, I have seen some clients go this route. A lot of other clients hire a GC from day one and focus on finding more deals. Great video for the first time investors!
Thank You Tony and Ashley.
God Bless You Serena.
Take Advantage of every Opportunity. Yes Tony.
a lot of good nuggets !
Serena Thank You for the knowledge.
Very informative interview! Thanks for sharing!
What an extraordinary video with tons of useful information. Thank you!
Love this interview
💙Serena!
She not a rookie, the show is great but we need some people that are just getting started and getting things done.
💯
As a pro, she's giving great info other rookies don't know. There's a lot of good advice here from experience
Every pro was a rookie once and has a story to share, just listen learn and move on! ❤
Nope you look the same as all the other videos, It’s the background that changed bro.