From the course: Seven Streams of Real Estate Income
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Creating visibility to opportunity through prehabbing
From the course: Seven Streams of Real Estate Income
Creating visibility to opportunity through prehabbing
- When you prehab, this typically happens when you find a property that is greatly distressed in terms of junk. A hoarder house is a great example of this. There is stuff everywhere. When someone comes into a hoarder house as a potential investor, if there is too much stuff in the house, sometimes people just can't see through the stuff to see the opportunity. You as an investor, if you can see the opportunity, get that house under contract, purchase it and then prehab it. So if you can get it at a screaming deal, do that. Then once you own the house, clear all the junk out, maybe trim a few bushes on the outside, maybe pick up trash on the outside, but don't start putting in new cabinets, don't put in new toilets. Simply clear the junk out so that people can then truly see the opportunity and they can also do a better job of inspecting it so that they know what they're dealing with. When you create visibility to the…
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