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What Do Buyers Look For When Buying Your Fix n Flip?
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Manage episode 193398473 series 1521941
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Preparing your property for sale is a critical part of successfully closing out on your renovation project. Margaret Vierra, real estate broker and long-time investor shares her experiences of what buyers look for in newly renovated properties.
Margaret also talks about comparing real estate syndication structuring and working with performing notes and non-performing notes.
SHOW NOTES
1:16 - Introducing Margaret, her background, and details on her career with EXIT Realty.
2:39 - Margaret’s approach to business and working with real estate clients.
3:58 - Why she decided to get into being a broker and having real estate franchises.
6:41 - Recommendations for preparation on a first project and some things she looks for in people.
9:18 - Other prep items Margaret looks for, particularly with active investors.
10:27 - Thoughts on passive investors and gauging whether to pursue active or passive investing.
12:06 - How syndication works for Margaret and what syndication is.
14:05 - How the process progresses.
14:30 - Margaret’s experiences with performing and nonperforming notes.
16:52 - Comparing syndications to the way Margaret has worked with performing notes.
17:48 - Advice for someone starting out in active investing.
21:01 - Paying attention to the final details and doing complete renovations, not partial ones.
22:18 - What Margaret wishes she had known when she was starting out.
23:38 - Factoring in the cost of the money financing the project when thinking about when to sell.
24:45 - Reaching out to Margaret and her monthly online magazine.
Resources and Links Mentioned:
Contact Margaret at margaretvierra@gmail.com
Contact Tom at tom@tombraegelmann.com or feedback@tombraegelmann.com
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