Finished this book today - fascinating story of a man who built his success in real estate to the point that Donald Trump asks him questions.
Take away points:
- Master the sales process, market your own investment properties, don't let your broker control the process.
- Use high tech marketing to sell homes.
- Focus on high quality materials
- Estimated renovation time 1.5-2 months per thousand square foot remodeled
- Ideal Acquisition cost should equal: [Future selling price at 10-15% above current market - renovation costs] x 50%-60%