Credit Hours: 4
Some houses are lumps of coal and others are diamonds in the rough.
Can you tell the difference? Learn how to evaluate renovation options to determine if a house will be a money maker or a money taker.
Learn the process of buying a distressed property, fixing it up, and selling it for profit. You’ll first look at ways to structure the acquisition. Next, you’ll determine how to analyze the property’s needs and costs. Comparing the costs and returns from renovating bedrooms to baths to kitchens and more will help you put your money in the right place. Also learn how to put together pricing models, accurate construction timelines, and a profitable exit strategy. With a solid plan in place, you’ll lessen your risks and realize a greater profit by avoiding coal and discovering diamonds in the rough.