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Hey Moguls, Lex Levinrad back again, continuing my informative series about rehabbing houses. If you’ve missed the previous lessons in this series, start here with Part 1.
Last time, we talked about the importance of why you have to separate labor costs from material costs, and I went into pretty good detail regarding some aspects of the materials.
Today, we’ll talk specifics about labor costs and the timeframe of rehab jobs.
Labor of Love
Let’s first discuss how much you’ll likely be paying your labor for a rehab project:
- You need to find a handyman who will work for an agreed upon daily labor rate. The typical going rate in most parts of the country is around $15 an hour for a…
Lex Levinrad
Lex Levinrad has been a full time real estate investor since 2003. Lex has purchased and rehabbed, wholesaled, fixed, flipped and rented more than 500 houses. Lex is an active real estate investor and wholesales 10 to 20 houses every single month. Lex also fixes and flips properties as well as manages a portfolio of many rental properties in Florida. Lex is the founder and CEO of the Distressed Real Estate Institute™, which trains new real estate investors how to buy, wholesale, fix and flip properties. Lex specializes in buying foreclosures, short sales and bank owned properties (REO’s) and has trained thousands of students from all over the world how to make money in real estate by wholesaling, fixing and flipping properties through the Distressed Real Estate Institute Training and Coaching Programs™. The Distressed Real Estate Institute offers Private Real Estate Coaching Programs, Group Mentoring Coaching Programs, Distressed Real Estate Boot Camps, Distressed Real Estate Bus Trips, Fixing and Flipping Houses Boot Camps as well as Home Study Courses, Books, Audio CD’s and DVD’s for all levels of real estate investors. Lex is a nationally recognized speaker and has shared the stage with some of the country’s biggest real estate speakers including Russ Whitney, Dr. Albert Lowry, Ron LeGrand, Than Merrill, Robert Shemin, Frank McKinney, Cameron Dunlap, Kent Clothier, Reggie Brooks, Larry Goins, and many other well-known real estate and motivational speakers. Lex has authored 7 books about investing in real estate and has been featured on Fox News Radio, ABC, CBS, Sun Sentinel, Miami Herald, The Real Deal, Mortgage Daily News, Yahoo Real Estate, Real Estate Professional Magazine, Real Estate Wealth Magazine and many other online publications websites and blogs. Lex is the host of the Distressed Real Estate Radio Show and has also been featured as a guest speaker on many other real estate radio shows including the Real Estate Radio Guys, Fox News Radio and many other radio shows. Lex is also the founder of the Distressed Real Estate Investors Association which is one of the largest real estate investment clubs in South Florida. Lex is also a licensed realtor with Charles Rutenberg Realty. For more information about Lex Levinrad and the Distressed Real Estate Institute please visit http://www.lexlevinrad.com or visit our Real Estate Club site at http://www.distressedreia.com or call our office at 561-948-2127 or 800-617-2884.