Industry experts say that most property rehab costs are at an estimated $2,500 over budget. We'll show you how to manage these overruns and reduce them to ZERO...
Contractors take on average 8 days longer than scheduled, costing you another $392 or more in interest payments...
Lost, misplaced, or forgotten receipts for work and expenses add up to another $375 for the average investor...
Closing properties is so challenging now it takes an estimated 4 days more from the beginning of the sales process to getting to the closing table due to paperwork shuffling, snail mail and other manual operations --- costing you yet another $196 or more...
The hard money lenders AND mortgage underwriters are scrutinizing transactions like never before. Snail mail, fax, and misplaced or missing paperwork will cost you thousands of dollars in lost deals or delays...
If you've got a bookkeeper, he or she is charging you at least $45 per hour to input your data into QuickBooks --- and that doesn't count the money you lose from data entry errors...
And finally, there's YOUR time... running ragged collecting HUD statements, invoices and receipts...searching through sticky notes and scraps of paper for investor info... tracking contractors... and all those phone calls, faxes and emails! That's at least another $145 or more taken directly out of your hide and wallet!
The total? A whopping $3,653 – or MORE – lost on every single transaction!