Houses: Buy, Fix, Sell OnDemand Course v3.0 (7.5-Credit Hours)

Some Houses Are Lumps of Coal and Others Are Diamonds in the Rough

Can you tell the difference? Learn how to evaluate renovation options to determine if a house will be a moneymaker or a “money-taker”.

Learn the process of buying a distressed property, fixing it up, and selling it for profit. You’ll first look at ways to structure the acquisition. Next, you’ll determine how to analyze the property’s needs and costs. Comparing the costs and returns from renovating bedrooms to baths to kitchens and more will help you put your money in the right place. Also learn how to put together pricing models, accurate construction timelines, and a profitable exit strategy. With a solid plan in place, you’ll lessen your risks and realize a potentially greater profit by avoiding coal and discovering diamonds in the rough.

Topics Include:

• Searching foreclosed and distressed properties
• Finding the right property
• Analyzing and evaluating a potential purchase
• How to structure the acquisition
• Renovation costs and returns
• Construction planning and scheduling
• Operations and exit strategies

This course has been approved by the Minnesota Department of Labor and Industry for 7.5 hours for contractor continuing education.