Thirdcoastinvestments.net
08-05-2007, 08:58 PM
The key to true wealth from Real Estate is a process, not an event. This process can take investors on a journey that requires a considerable amount of time, energy, imagination, and information, to finish on time and under budget.
Step 1: Due Diligence
MLS comparable
Neighborhood Demographics
Contract Negotiations
Exit Strategy Options
Step 2: Project Evaluation
Property Walk throughs to discuss plans with the property
Get Educated recommendations
Verify any Hazardous Materials (i.e. asbestoses)
Step 3: Construction Review
Create Scope of Work
Determine Realistic Budgets
Line Item Estimate
Calendar of Events
Step 4: Construction Oversight
Contracts for contractors
Negotiate Pricing with Contractors
Check References for Contractors
Review work by contractors
Permit Review
Confirm Licensing and Insurance
Permit Review
*Find Skilled Trades
*Negotiate Problems with Contractors
Step 5: Design & Architecture
As Is Floor plans to send to contractors
Optional floor plans to increase saleability
Color suggestions
Material suggestions
Required drawings for city permits
Step 6: Project Summary
Profit/ Loss Reports
Step 7: Marketing
Determine who client is
Manage Open Houses
Manage Viewings
Pre Qualify Rental and Owner Finance Applicants
Staging
The Real Estate Guide was created for active Real Estate investors, who understand that time is more valuable than money. No two projects are exactly the same, so The Real Estate Guide utilizes seven steps that will lead investors to greater profits through multiple exit strategies. Each step has multiple options that can be applied as much or as little as desired. They are fully customizable to meet each investors needs. For example, if an investor feels more comfortable in doing his/her own due diligence, then they do not need to hire The Real Estate Guide for those services. But, they may want to hire The Real Estate Guide for the Project Evaluation, or for Construction Oversight to get help negotiating with contractors. Each project may not require all aspects, allowing the flexibility to pick only the ones that are needed to maximize there time. Think of each option as a plug-in, as needed for each property.
The Real Estate Guide is ready to supervise the field activities and manage the administrative duties for any real estate project. Regardless, if it is a single family home that needs minor/major repair, or a 500 unit apartment complex that is need of rehab and/or new management. The Real Estate Guide will help guide the project as much as needed from pre-purchase to profit.
"Investing in Mind, Body, Spirit, and Real Estate"
Jeph Burnett
President
Third Coast Investments, LLC
Step 1: Due Diligence
MLS comparable
Neighborhood Demographics
Contract Negotiations
Exit Strategy Options
Step 2: Project Evaluation
Property Walk throughs to discuss plans with the property
Get Educated recommendations
Verify any Hazardous Materials (i.e. asbestoses)
Step 3: Construction Review
Create Scope of Work
Determine Realistic Budgets
Line Item Estimate
Calendar of Events
Step 4: Construction Oversight
Contracts for contractors
Negotiate Pricing with Contractors
Check References for Contractors
Review work by contractors
Permit Review
Confirm Licensing and Insurance
Permit Review
*Find Skilled Trades
*Negotiate Problems with Contractors
Step 5: Design & Architecture
As Is Floor plans to send to contractors
Optional floor plans to increase saleability
Color suggestions
Material suggestions
Required drawings for city permits
Step 6: Project Summary
Profit/ Loss Reports
Step 7: Marketing
Determine who client is
Manage Open Houses
Manage Viewings
Pre Qualify Rental and Owner Finance Applicants
Staging
The Real Estate Guide was created for active Real Estate investors, who understand that time is more valuable than money. No two projects are exactly the same, so The Real Estate Guide utilizes seven steps that will lead investors to greater profits through multiple exit strategies. Each step has multiple options that can be applied as much or as little as desired. They are fully customizable to meet each investors needs. For example, if an investor feels more comfortable in doing his/her own due diligence, then they do not need to hire The Real Estate Guide for those services. But, they may want to hire The Real Estate Guide for the Project Evaluation, or for Construction Oversight to get help negotiating with contractors. Each project may not require all aspects, allowing the flexibility to pick only the ones that are needed to maximize there time. Think of each option as a plug-in, as needed for each property.
The Real Estate Guide is ready to supervise the field activities and manage the administrative duties for any real estate project. Regardless, if it is a single family home that needs minor/major repair, or a 500 unit apartment complex that is need of rehab and/or new management. The Real Estate Guide will help guide the project as much as needed from pre-purchase to profit.
"Investing in Mind, Body, Spirit, and Real Estate"
Jeph Burnett
President
Third Coast Investments, LLC