Subject: Benefits Of Rehabbing Properties
Hey (Contact Name),
Bigger Checks!
An annual six-figure income is a realistic goal when rehabbing properties! Even in today’s “down market” I continue to make an average profit of $30,000 per property. Simple math says rehabbing just four properties per year equates to earning around $120,000. Rehab five properties and you’re up to $150,000, add a few wholesale deals in the mix and man your talking about financial freedom! Your return on investment can literally double, triple, & quadruple overnight. In order to be effective at Wholesaling one must know the Rehab process inside & out so you can effectively wholesale any deal for huge profits.
Making a Difference
Being able to add value to properties through renovations is a not only very profitable, but also very rewarding. You are providing a great service, not only to the city in which you do business, but also to the end buyer of the newly remodeled home. Turning blight into delight! It’s incredibly rewarding to be approached by neighbors of the property and hear “thank you so much for fixing this property. It’s been an eye-soar in our neighborhood for quite some time, and I know the value of my home will increase as a result of this house being improved. Thank you.” What’s even more rewarding is seeing the excitement and pride the buyer exudes when they purchase their picture-perfect home you’ve just built for them.
Move into Larger Developments?
What I love about starting in Residential Redevelopment or single family rehabbing is it’s the easiest entry into larger development & commercial projects. The fundamentals of analyzing the deal, estimating repairs, gathering quotes bids & negotiating contracts is the same for a single family rehab as it is for a commercial development. There is no better entry into the world of commercial development then by starting with a rehab project.
Wholesale More Effectively
When you wholesale a property to another investor who is going to do the rehab, you are deferring all the future risk onto that wholesale buyer. From the wholesale buyers’ point of view, they are going to be very wary trusting your word that this property will make them the profit you say it will. The way to combat that is to build trust with your wholesale buyers. You build that trust by giving them extremely accurate information about the property, the amount of work it needs, and it’s true after repair value. “Buyer beware,” the wholesale buyer will always (well should always) do their own due diligence, inspect the property and run their own numbers. Let me tell you, if you’re working with an experienced rehabber, you better be 100% confident the info you’ve given them and have the proof to back it up. If they discover you were off (whether it was intentional on your part or not), you will lose complete credibility and that buyer will not work with you on any future projects. Your reputation as a wholesaler is everything. With rehab experience under your belt you’ll have the first hand knowledge to be confident in your information and know how to clearly communicate it to with your wholesale buyers.
If you are ready to start building your wealth through real estate investing, make sure and become a member of my Wholesaler Buyers List. As a member, you’ll be notified immediately when I have a new property up-for-grabs (that means YOU will have first dibs on the hottest deals)! To sign up, visit my website at or give me a call at 203.555.5555.
Regards,
(Insert Your Name Here)
(Insert Company Name Here)
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