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!
Ashley:
This is Real Estate Rookie episode 330.
Serena:
I figured out right away that he just needed help keeping everything organized in his mind because he’s got so many projects going on. It’s like when you’re project managing and you don’t have systems going up, and so I just started recording as much as I could, information, recording where they’re at in the construction process, what they need to do, keep all the tasks organized, so that way, he’s on the road calling me, “Hey, run through the priorities right now.” So that was in the beginning where the value was, and then just continuing to organize from that so that we could…