Real Estate Investing Video : Kicking off the Renovation, Episode 2
If you missed the first episode, check it out before watching the newest installment. It’s on our due diligence for the property at 5536 Rio Street, Charleston, South Carolina.
Episode 1 : Due Diligence for 5536 Rio Street
We just closed on the property last Wednesday, September 17th. The second episode commenced last Friday when we kicked off the renovation.
Here’s a quick list of what you’ll find in the video:
- Meet our partners on the deal, Sean Hall and Eli Sanderlin.
- How the lead came in and a “Must Know” Tip on marketing.
- Why Sean and Eli decided to partner with us on the deal and the value of working together.
- Some interior shots of the property after the initial tear out.
- How the renovation will unfold.
- How we plan on adding curb appeal with Chris Williamson and his crew.
- The Negotiation and another “Must Know” Tip for success.
- Our total repair estimate and time line to get it all done.
(if you are reading this article from your email subscription, you may have to go directly to the blog to see the video)
To give an overview on the deal, here’s what we are working with:
Purchase Price: $58,000
Repair Estimate: $15,000.00
Estimated ARV (after repaired value): $115,000.00
Time Frame for Renovation: September 17th to October 16th
As I stated in the video, it’s crucial based on our exit stategy of retailing the home to finish the renovation by the middle of October. This will give us a solid month to market the property prior to the winter months.
Stay tuned for the next episode!
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Patrick Riddle:
Dusty Keefe:
Great video buddy!
Keep em coming.
- trevor
Appreciate it Trevor! We’ll probably shoot episode 3 next week sometime. The property going to look completely different. The vinyl siding is going up today and the roof will start tomorrow or Friday.
Good job guys, keep the content coming. Can’t wait to see how it turns out.
Great job on the 2nd video. Hats off to you, Dusty, and the other partners. We’ll talk soon.
Great job on the video! Awesome! This rocks yall are on the way to fame in this industry. I will be watching you on DIY in no time!
Thanks everybody! Suggestions are welcome. Let us know if you’ve got any ideas for us.
Just one month for the turn-around!? Best of luck!
That was a nice video to watch! Good luck to that project.
Great video first of all! Do you think that there estimate of time and price will be correct? Often with renovation both of these estimates are pretty far off but it does depend on the company I must say.
I also really liked the tip about the out of state sellers on the Internet. I didn’t know you could find such great deals through them but it is an investement tip I’ll be looking into for sure.
Keep these videos Coming!