Summary

Nathan Tabor drops by this week and provides some solid advice on how to renovate and manage property units so you can hit the highest returns possible and avoid common pitfalls. 👉👉 Get The Passive Investing Playbook – https://theinvestormindset.com/passive

Nathan is not just a prolific entrepreneur and coach, but also someone with incredible experience in the real estate redevelopment game. If you’re thinking of starting a renovation project, or even if you’re already experienced, this episode is going to improve your knowledge on the subject and give you some amazing advice that you definitely don’t want to miss.

Nathan has successfully founded and operated more than two dozen businesses since 1999, grossing over $150 million in sales. His experience spans the areas of commercial real estate acquisition and redevelopment, automobile sales, direct product sales, web-based marketing, and strategic partnership facilitation.

Over the years, his companies have been honored with many awards and rankings. In 2012, 2013 and 2104 his parent company was ranked by Inc. magazine’s Inc. 5000 as one of the fastest growing small businesses in the United States. In 2014, 2015, and 2016, his real estate management company was listed as one of the largest in the Piedmont Triad.

Hit the subscribe button to join our community and let us know in the comments below: What do you think are the most important aspects of effectively managing a renovation project?

KEY TAKEAWAYS

1. Make sure you understand all aspects that are going to come together on a renovation.
2. Due your diligence and plan for the known AND the unknown.
3. Really get micro and make sure you have a solid list of renovation costs.
4. Make sure you have enough budget to fix potential future problems.
5. Get help from professionals who can help you through the project.
6. When analyzing the cost of renovation.. think of the worst case scenario.
7. Different classes of properties will have different issues and problems. 
8. You’ll save money if you can hire and manage contractors yourself. 
9. In the near future there’s going to be more deals coming on the market.
10. Before getting into a deal think about how much risk vs comfort that you want.

BOOKS

The Passive Investing Playbook – http://theinvestormindset.com/passive

LINKS

Nathan Tabor on Linkedin: https://www.linkedin.com/in/nathantabor/

Nathan Tabor Real Estate Academy: https://apartments.nathantabor.com/optin-1547128715531884

Learn more about investing with Steven at http://theinvestormindset.com/invest

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