Real Estate Rookie

1: From 4 Years of Analysis Paralysis... to 4 Cash-Flowing Properties with Lauren and Kyle Clugston

Mar 5, 2020
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ADVICE

Pitch Private Lenders With Paperwork

  • Pitch private lenders with clear comps, timelines, and returns instead of vague promises.
  • Put the deal on paper to make private lending feel like an opportunity, not begging.
ANECDOTE

Fired Contractor, DIYed The Rest

  • They hired a cheap contractor who worked too slowly, fired him, then Kyle completed much of the renovation themselves.
  • Losing contractor labor slowed the timeline but cut labor costs and improved control.
ADVICE

Frontload Quality To Reduce Calls

  • Front-load renovations to minimize future tenant emergency calls and management headaches.
  • Spend on durable mechanicals and appliances to reduce long-term maintenance costs.
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