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.