Mastering Real Estate

Episode 16 - Project #8: Fool Me Once…

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Deal Details

  • Address: 548 Karey Drive, Birmingham AL 35215
  • Type: Flip
  • Year Built: 1970
  • SF: 1,607
  • Mix: 4/2
  • Year: Mid2019
  • Timeline: 3 months
  • Project Cost: $107,000
    • Purchase Price: $62,893
    • Rehab:$5,765
    • Sales Price: $135,000
    • Profit: $66,000 (split 50/50)
    • Before Photos
    • After Photos
    • Video Tour

      •  

      Business Partnerships

      • MUST have common values
      • Don’t need to have the same background, but extreme differences may cause issues
      • Complimentary skillsets
      • Aligned goals

        • Key Takeaways:

        1. Your business partner must share your values and goals
          1. Read Gino Wickman’s book “Rocket Fuel” before entering into a business partnership
          2. Don’t partner with contractors

            3.  

            Episode Resources: 

            • Slideshow Link
            • Video Tour
               

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                  Mastering Real EstateBy Maura McGraw
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