Come hang out with us for the 2 day real estate seminar in Coeur d' Alene: https://www.northidahorei.com/2024-fall-conference
In this episode, Nick Beveridge and Jeremy Kitchen continue their deep dive into the world of fix and flips. They cover advanced financial options, such as using cash or partner funds, negotiating with contractors and suppliers, and utilizing retirement accounts for funding. The discussion emphasizes the importance of curb appeal, including landscaping and a fresh ...
Come hang out with us for the 2 day real estate seminar in Coeur d' Alene: https://www.northidahorei.com/2024-fall-conference
In this episode, Nick Beveridge and Jeremy Kitchen continue their deep dive into the world of fix and flips. They cover advanced financial options, such as using cash or partner funds, negotiating with contractors and suppliers, and utilizing retirement accounts for funding. The discussion emphasizes the importance of curb appeal, including landscaping and a fresh coat of paint, and highlights high-value additions like the kitchen and master bath. The duo also underscores the value of leveraging resources, networking with other investors, and using the phone to connect with contractors and suppliers. Nick and Jeremy discuss key steps and considerations for successfully fixing and flipping a house. They stress the importance of focusing on visually appealing aspects like flooring, paint, and light fixtures, recommending neutral colors and practical designs to attract a wide range of buyers. Tips for saving money on materials include shopping around for deals and considering alternatives like peel-and-stick tile. Strategic planning and coordination with contractors are vital for a smooth renovation process. They also discuss the benefits of staging the house and hiring a professional cleaner before putting it on the market, and advise getting a home inspection and pricing the house carefully to attract buyers and spark potential bidding wars.
Chapters: 00:00 - Introduction and Recap 05:11 - Advanced Financial Options 08:00 - The Importance of Curb Appeal 14:32 - Maximizing Value with High-Value Additions 18:37 - Leveraging Resources for Success 42:07 - Saving Money on Materials: Shopping Around and Alternatives 44:50 - Avoiding Over Customization and Strategic Planning with Contractors 50:43 - Tips and Tricks: Peel-and-Stick Tile, Carpeting, and Floor Mats 58:12 - Staging and Professional Cleaning: Presenting the House in its Best Light 1:02:26 - Home Inspection and Pricing: Attracting Buyers and Sparking a Bidding War
🔗 Connect with us: Official YouTube Podcast Page: https://www.youtube.com/@TheInvestorShed
Nick Beveridge's YouTube Page: https://www.youtube.com/@NickBeveridge
Real Estate Website: northidahorei.com
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Keywords: fix and flips, advanced financial options, cash, partner funds, negotiating, contractors, suppliers, retirement accounts, curb appeal, landscaping, fresh coat of paint, high-value additions, kitchen, master bath, leveraging resources, fix and flip, house renovation, flooring, paint, light fixtures, neutral colors, practical designs, saving money, shopping around, peel-and-stick tile, strategic planning, coordination, contractors, staging, professional cleaner, home inspection, pricing, bidding war
Takeaways: Consider advanced financial options like using cash or partner funds for fix and flips Negotiate with contractors and suppliers to save money Utilize retirement accounts, such as self-directed IRAs, for funding Focus on curb appeal, including landscaping and a fresh coat of paint Invest in high-value additions like the kitchen and master bath Leverage resources by networking with other investors and utilizing the phone to connect with contractors and suppliers Focus on the big, visually appealing aspects of the house, such as flooring, paint, and light fixtures Use neutral colors and simple, practical designs to appeal to a wide range of buyers Shop around for the best deals on materials and consider alternatives like peel-and-stick tile to save money Plan and coordinate with contractors to ensure a smooth renovation process Stage the house and hire a professional cleaner before putting it on the market Get a home inspection and carefully price the house to attract buyers and potentially spark a bidding war
