1. REHABBING

2. STEP 1- Find the Property
What to look for
Motivated Sellers & No War Zones
MLS
REO’s
Estate Sales
Fire Damaged
Corporate Owned
Fell out of Contract
Unique Homes

3. What to stay away from Small Bedrooms with no potential
Disqualified
Small Bedrooms with no potential
Small Kitchen with no potential (open layout)
No potential for ½ bath on 1st floor
No master bathroom potential
2 bedrooms or less w no potential
U/G Oil Tank
Major Structural Damage

4. Getting your offer accepted
Contractor Bids
Go Direct or Waive Commission
Credibility Packet
Proof of Funds
Quick Closing

5. Contractor Qualifications
Licensed and Insured
Pulls Permits
Keep the job clean- (less liability)
Give you a detailed scope of work with a breakdown
Must have workers comp (proof)
Willing to sign W9 and get paid with a check

6. Contract Signing “8 Critical Documents”
Independent Contractor Agreement
Scope of Work (DETAILS)
Payment Schedule
Insurance Indemnification Form
W-9
Final Lien Waiver
Change Orders
POI and Workers Comp information

7. LEAD BASED PAINT njworkforce.org/epa.html
Make sure contractor is reg. w county

8. Document every Stage of the Rehab
Systems- Improve every time
Social Proof- Facebook, Blog, Newsletter (Pictures, Videos, Docs)
Raising Private Money
Portfolio/Resume (JV’s, wholesalers)
Show bidding contractors
Get testimonials from Private Investors, Contractors, Agents, Buyers, Attorney
Adds a lot of credibility