#039: What Do Buyers Look For When Buying Your Fix n Flip?
Preparing your property for sale is a critical part of successfully closing out on your renovation project. Margaret Vierra, real estate broker and long-time investor shares her experiences of what buyers look for in newly renovated properties.
Margaret also talks about comparing real estate syndication structuring and working with performing notes and non-performing notes.
1:16 – Introducing Margaret, her background, and details on her career with EXIT Realty.
2:39 – Margaret’s approach to business and working with real estate clients.
3:58 – Why she decided to get into being a broker and having real estate franchises.
6:41 – Recommendations for preparation on a first project and some things she looks for in people.
9:18 – Other prep items Margaret looks for, particularly with active investors.
10:27 – Thoughts on passive investors and gauging whether to pursue active or passive investing.
12:06 – How syndication works for Margaret and what syndication is.
14:05 – How the process progresses.
14:30 – Margaret’s experiences with performing and nonperforming notes.
16:52 – Comparing syndications to the way Margaret has worked with performing notes.
17:48 – Advice for someone starting out in active investing.
21:01 – Paying attention to the final details and doing complete renovations, not partial ones.
22:18 – What Margaret wishes she had known when she was starting out.
23:38 – Factoring in the cost of the money financing the project when thinking about when to sell.
24:45 – Reaching out to Margaret and her monthly online magazine.
Resources and Links Mentioned:
Contact Margaret at firstname.lastname@example.org
January 7, 2018
December 19, 2017