So, I’ve been super happy with a rehab project I did on a remote rental property in Grand Rapids, and I want to share with you—at a high level—how I got the deal and how some of the numbers played out.
Hey Moguls, Matt Andrews here, with a quick-and-dirty step-by-step walkthrough…
Step 1: Market Research
Well, we started at the beginning: market research.
Listen, any time you're investing in a new market, you need to find out:
- what investors are paying for properties
- how much you can rent properties for
- what you can sell properties to other investors for
I did my market research and found a cozy 3-bedroom house—along with a bunch of others—that I made offers on, based on that critical market research.
Step 2: Offer
I got in touch with a Realtor. This person is obviously local and could put my offers in for me. She knew the kind of deals and properties I was interested in and was able to handle doing…
Matt Andrews
is a real estate investor, serial entrepreneur, growth hacker, film producer, and #1 bestselling author. He is best known for the Real Estate Investors Guide book series, the Real Estate Freedom Podcast, and founder of Real Estate Freedom. Matt has been seen on CNN.com, Forbes.com, ABC News, and numerous other media outlets. He specializes in trainings Spotlighting cutting edge real estate strategies. Matt and his wife Lindsay travel the world while running their businesses and working as founding board members of 3 charities: Khusi Hona: The Indian Orphan Project, The Rising Heroes Project, and Jamobility: The Jamaican Wheelchair Project.