Find, Finance, Fix & Flip 

“Nathan Tabor is an unbelievable wealth of knowledge!” 

Capitalization Rate establishes value, it’s easy to interpret and it streamlines information. When purchasing or selling a property keep this in mind: the lower the cap rate the higher the price and vice versa

Stating you simply want to invest in real estate or flip apartments is too broad. Going through this chapter will help an investor narrow down their focus and develop a niche. 

We will look at and discuss 9 laws of fixing and flipping that are critical to your success. Implement these and succeed. Ignore one and you will fail at some point. 

Once you know your niche you can then pitch it to others. This chapter will explore how to develop relationships and connections to finding the right deal.  

We will explore several ways someone can become involved in the apartment flipping business if they don’t have money or can’t raise money.   

Sign #1 - The grass isn’t being mowed, the bushes aren’t being trimmed, the exterior doors aren’t being painted. In general, the small things around the complex haven’t been kept up.

At times, it is necessary to work with a partner. They can help you find properties, raise funds or secure financing, but no matter the situation if you must clearly define the terms and expectations of your partners in writing.   

There is a way to position the deal where you can get most if not all your down payment back. But you must do it the right and ethical way. 

Materials will "grow legs and walk off" if you aren’t careful. Workers will use them to complete their home renovations, on another jobsite or even returned for a gift card.

If you are trying to “steal” a property or even be considered as a legitimate investor your offer is your first impression. It must be strong.  

Hiring a contractor or project manager is a good idea unless you can be on the job site every day and oversee all work. 

Maintenance reserves are used for issues not expected like a kitchen fire, a tenant trashing a unit, or for long-term maintenance items like replacing the roof.

Think of apartment complexes as a wagon wheel with numerous spokes. The stronger the spokes the stronger the wheel. You don't want to have too many weak or broken spokes.   

Set your goals. Establish the steps you 

Always seek the counsel of an attorney 

The reason you are involved in real estate is to make money! However, if your focus is only the money you will have issues. So, let money be your end goal but let the process be your focus. Meaning learn the nuts and bolts, pay attention to the minor and major details and don’t let any unresolved matters linger. 

This is a one hour session with Nathan designed to answer and/or discuss any topics. Ranging from where you should start or how to deal with a specific issue.