Oct. 29, 2021
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 l...
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.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online):https://investorattractionworkshop.com/
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
Connect with Van Sturgeon:
- Website: http://www.vansturgeon.com/
- Instagram: https://www.instagram.com/vansturgeon/
- Facebook: https://www.facebook.com/vansturgeon1
- YouTube: https://www.youtube.com/channel/UCDQlgphewMt2Hy4M94pLWog
- LinkedIn: https://www.linkedin.com/in/van-sturgeon-029018200
Connect with Dave Dubeau:
- Podcast: http://www.propertyprofitspodcast.com/
- Website: https://davedubeau.com/home
- Investor Attraction Workshop: http://www.investorattractionworkshop.com/
- Facebook: https://www.facebook.com/thedavedubeau
- LinkedIn: http://linkedin.com/in/davedubeau
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