Here is something I’ve been doing for my properties that I thought might be a good fit for others doing the same thing. One of the problems we encounter is trying to rent or sell the property before any rehab is completed. The buyer/tenant needs to see what they are getting before they sign on the dotted line. So what I’ve been doing is using my 3D Renderings to show them what the property will look like when the rehab is completed. This is really a great idea since the process is fast and very impressive to the buyer/tenant.
The way it works is I get the dimmensions of the house, some “as is” pictures for referrence, generate the house on my computer, input the “new look” materials and changes, and present the renderings to the buyer/tenant. This way, they can see what they will be getting before the rehab is complete.
Now, being able to present the house in this way also means I can get the tenant to commit to a lease before the rehab is done. I can also get the buyer to put down an option payment to hold the house for them. This means I have a tenant in place and/or an end buyer in place before I have the rehab finished…what a great relief to know this ahead of time.
I also use this a great tool when I do my Real Estate Turnkey Program. My turnkey Program is where I put a tenant in place and sell it to an end investor looking for cash flow. Since the tenant is already in place, the end investor knows what their cash flow will be (this is always at least $300/month).
I’ve started offering this to other investors in my area to assist them in the same way it helps me. I see no reason why I can’t do this for any area of the country. I just need the dimmensions, a few pictures, and the specs on the rehab changes/improvements.
If interested just let me know.
