Beat it Up to Build it Up with Van Sturgeon

Van Sturgeon is a real estate investor, homebuilder, renovator, general contractor, and a high-performance coach with over 30 years of experience in the real estate industry.

In this episode, Van shares how he goes about rehab and renovations with the least amount of money but makes a good ROI. He also suggests great sources of good contractors you can depend on.

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What you'll learn in just 17 minutes from today's episode:

Find out one biggest thing Van advocates that is critical to consider when doing residential renovations
Find out which properties you should concentrate on looking for when doing flips to give you the biggest ROI
Discover how to make your properties have that curb appeal to give people that powerful sentiment to want to own the property

Resources/Links:

Free Training, Click here: http://www.vansturgeon.com/mentorship

Topics Covered:

01:47 - How he stumbled on the renovation side of things in real estate
03:34 - The biggest thing he advocates when doing residential renovations that have done so well for him in the commercial side of it
05:23 - How to go about rehab and renovation when you're a completely new investor
08:00 - Where to put your dollars when doing rehab on a limited budget
11:25 - One thing he encourages people to do if they seriously consider the rehab and renovation strategy
14:32 - Good sources to find good contractors

Key Takeaways:

"What I think is really critical is the establishment of an actual document. That's called a scope of work that can be given to every contractor. So you have a good comparison of quotes, and then you also hold people accountable because I've had everything itemized within that contract within that actual scope of work." - Van Sturgeon

"If you want to get the best bang for your buck on a limited budget, those are the areas that I would look at, landscaping, so that can involve re-topping of the driveway, painting the garage doors, doing clean up of the hedges, very inexpensive things that all of a sudden dramatically increases the curb appeal." - Van Sturgeon

"I strongly encourage people if you really want to be active in this business, you need to act as your own general contractor and not hire a general contractor. Because being a general contractor myself, in situations where a project is 50,000 to 100,000, my profit margin, something like that, would be somewhere around 30%. And so that stuff is a huge saving." - Van Sturgeon

"By doing a renovation yourself and handling that aspect, it teaches you a new skill set that you can use when you can purchase your second, third, fifth property that you can then evaluate your property, it teaches you how to look at something walking in." - Van Sturgeon

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