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What resources do I need to get started fixing up a property?

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  • Videojug
  • Videojug
  • 5:40
  • Yes
  • 360p
  • 640x360
  • Flash
  • h.264
  • 900kbps

What resources do I need to get started fixing up a property?

Michael Corbett (Real Estate Expert) gives expert video advice on: What is a "fixer-upper" property?; How much work goes into selling a fixer-upper at a profit?; What are some common mistakes people make when buying fixer-uppers to develop? and more...

When renovating a home, it takes a village, so you need a team, and I call it the dream team. So what you're going to do, especially on you first property that you fix up, is remember that these people are going to work with you from house, to house, to house. So you want to start lining up a good roofer, you want to look for a contractor that you will like, you can even go to home improvement centres and have them do some of the work in your first home. You're going to want to start to accumulate that team, so that would include: electricians, plumbers, sub-contractors, contractors, and you're going to want to start interviewing. And do this before you close on a property so you start to begin to have a team in place.

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