• Home
  • Episodes
    • 000: Introduction
    • 001: 3 Ways to Make Money in Real Estate / 1 of 3 Big Decisions for Strategy
    • 002: Part 2 of 3 Big Decisions for Strategy : Cash Flow or Capital Gains?
    • 003: Part 3 of 3 Big Decisions for Strategy: Understanding Property Classes
    • 004: Part 1 of 3 on The Basics: Basic Financial Stuff
    • 005: Part 2 of 3 on The Basics: Basic Property Stuff
    • 006: Part 3 of 3 on The Basics: Basic Management Stuff
    • 007: Investor Interview: Josh Davis
    • 008: Part 1 of 2 on Property Valuations
    • 009: Part 2 of 2 on Property Valuations
    • 010: Will I Make Any Money? Real Numbers & Self Sabotage
    • 011: Using A Skills & Time Assessment To Choose a Property & Plan Your Project
    • 012: Understanding Contracts as an Investor
    • 013: Investor Interview: Bryan & Erin Waits
    • 014: Understanding Organizational and Financial Contracts
    • 015: Part 1 of 2 on Important Points of Leases & Property Management Contracts
    • 016: Part 2 of 2 on Important Points of Leases & Property Management Contracts
    • 017: Investor Interview: Nick Hayes
    • 018: 10 Bits of Wisdom
    • 019: Auburn and Airbnb or VRBO
    • 020: My First 6 Months: Interview with John Edwards
    • 021: My First 6 Months: Interview with Derek Jackson
    • 022: City Council Update: An Interview with Beth Witten
    • 023: Mortgage Broker Interview: An Interview with Barry & Gleason Jones 1/2
    • 024: Mortgage Broker Interview: An Interview with Barry & Gleason Jones 2/2
    • 025: Timeline of Your Investing Journey & Cash on Cash Return
    • 026: Auburn and Coronavirus
    • 027: Future Pacing & Practical Landlording
    • 028: Investment Property Insurance with Kathy Powell
    • 029: Inside a Rehab Project: Rossmere Condos: Part 1
    • 030: Investor Interview: Brent Beard
    • 031: My 10 Biggest Mistakes
    • 032: 2020 Year in Review
    • 033: Looking Ahead to 2021
  • Work with Me
  • Our Brokerage
  • Contact
  • About
  • Sponsors
Auburn Investment Properties Podcast | A Conversation about Real Estate Investing in Auburn, Alabama
  • Home
  • Episodes
    • 000: Introduction
    • 001: 3 Ways to Make Money in Real Estate / 1 of 3 Big Decisions for Strategy
    • 002: Part 2 of 3 Big Decisions for Strategy : Cash Flow or Capital Gains?
    • 003: Part 3 of 3 Big Decisions for Strategy: Understanding Property Classes
    • 004: Part 1 of 3 on The Basics: Basic Financial Stuff
    • 005: Part 2 of 3 on The Basics: Basic Property Stuff
    • 006: Part 3 of 3 on The Basics: Basic Management Stuff
    • 007: Investor Interview: Josh Davis
    • 008: Part 1 of 2 on Property Valuations
    • 009: Part 2 of 2 on Property Valuations
    • 010: Will I Make Any Money? Real Numbers & Self Sabotage
    • 011: Using A Skills & Time Assessment To Choose a Property & Plan Your Project
    • 012: Understanding Contracts as an Investor
    • 013: Investor Interview: Bryan & Erin Waits
    • 014: Understanding Organizational and Financial Contracts
    • 015: Part 1 of 2 on Important Points of Leases & Property Management Contracts
    • 016: Part 2 of 2 on Important Points of Leases & Property Management Contracts
    • 017: Investor Interview: Nick Hayes
    • 018: 10 Bits of Wisdom
    • 019: Auburn and Airbnb or VRBO
    • 020: My First 6 Months: Interview with John Edwards
    • 021: My First 6 Months: Interview with Derek Jackson
    • 022: City Council Update: An Interview with Beth Witten
    • 023: Mortgage Broker Interview: An Interview with Barry & Gleason Jones 1/2
    • 024: Mortgage Broker Interview: An Interview with Barry & Gleason Jones 2/2
    • 025: Timeline of Your Investing Journey & Cash on Cash Return
    • 026: Auburn and Coronavirus
    • 027: Future Pacing & Practical Landlording
    • 028: Investment Property Insurance with Kathy Powell
    • 029: Inside a Rehab Project: Rossmere Condos: Part 1
    • 030: Investor Interview: Brent Beard
    • 031: My 10 Biggest Mistakes
    • 032: 2020 Year in Review
    • 033: Looking Ahead to 2021
  • Work with Me
  • Our Brokerage
  • Contact
  • About
  • Sponsors

EPISODE 029:
Inside a Rehab Project: Rossmere Condos: Part 1

Categories:
Strategy & Tips
​Description & Show Notes:
In this Episode, I'm going to take you behind the scenes of a rehab project I'm working on.  I bought a small condo just off of N Ross & E Glenn at Rossmere Condos in November.  The condo is currently rented, and I'm getting ready to do a major rehab on it at the start of 2021.  Right there you should have already realized this is going to be an interesting project!  Since I'm still at the beginning stage with this one, I'm going to talk to you about the decision process related to flipping it for resale or rehabbing it to rent for a year or longer.  I'm also going to take you through the process of determining the rehab budget, from cabinets and flooring all the way to door knobs & light fixtures.

And most importantly for first timers, in the Tips and Takeaways section, I'm going to share with you how I am handling the existing lease that goes through the end of July 2021.  That may be the most important lesson in the whole project!  This will be the first in a series that will take place over the next few months while the project moves forward.

Links from this episode:​​
  • Work with Me
  • Real Estate Brokerage Services: AuburnInvestmentProperties.com
  • Real Estate Investor Coaching: BetterREI.com
  • Websites & Branding: EasyLandlordWebsites.com
< Previous Episode
Next Episode >
Picture
Hosted by:
Chris Kearns

- Investor, Broker
- 2x Auburn Grad
Sponsored By:
Picture
Picture
Picture
Auburn Investment Properties  | 852 N. Dean Road, Suite 100, Auburn, AL 36830
  • Home
  • Episodes
    • 000: Introduction
    • 001: 3 Ways to Make Money in Real Estate / 1 of 3 Big Decisions for Strategy
    • 002: Part 2 of 3 Big Decisions for Strategy : Cash Flow or Capital Gains?
    • 003: Part 3 of 3 Big Decisions for Strategy: Understanding Property Classes
    • 004: Part 1 of 3 on The Basics: Basic Financial Stuff
    • 005: Part 2 of 3 on The Basics: Basic Property Stuff
    • 006: Part 3 of 3 on The Basics: Basic Management Stuff
    • 007: Investor Interview: Josh Davis
    • 008: Part 1 of 2 on Property Valuations
    • 009: Part 2 of 2 on Property Valuations
    • 010: Will I Make Any Money? Real Numbers & Self Sabotage
    • 011: Using A Skills & Time Assessment To Choose a Property & Plan Your Project
    • 012: Understanding Contracts as an Investor
    • 013: Investor Interview: Bryan & Erin Waits
    • 014: Understanding Organizational and Financial Contracts
    • 015: Part 1 of 2 on Important Points of Leases & Property Management Contracts
    • 016: Part 2 of 2 on Important Points of Leases & Property Management Contracts
    • 017: Investor Interview: Nick Hayes
    • 018: 10 Bits of Wisdom
    • 019: Auburn and Airbnb or VRBO
    • 020: My First 6 Months: Interview with John Edwards
    • 021: My First 6 Months: Interview with Derek Jackson
    • 022: City Council Update: An Interview with Beth Witten
    • 023: Mortgage Broker Interview: An Interview with Barry & Gleason Jones 1/2
    • 024: Mortgage Broker Interview: An Interview with Barry & Gleason Jones 2/2
    • 025: Timeline of Your Investing Journey & Cash on Cash Return
    • 026: Auburn and Coronavirus
    • 027: Future Pacing & Practical Landlording
    • 028: Investment Property Insurance with Kathy Powell
    • 029: Inside a Rehab Project: Rossmere Condos: Part 1
    • 030: Investor Interview: Brent Beard
    • 031: My 10 Biggest Mistakes
    • 032: 2020 Year in Review
    • 033: Looking Ahead to 2021
  • Work with Me
  • Our Brokerage
  • Contact
  • About
  • Sponsors