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Often, hiring the right contractors to tackle a flip project is the difference between making a solid profit on a deal or going sideways or back wards on your investment.
While the current market necessitates more of a buy and hold strategy once in a while, a house ends up at the foreclosure auction and the numbers are so good you still have an opportunity make a decent profit from a fix-and-flip. That profit can quickly evaporate into thin air however, if you hire the wrong crew to perform the rehab. One of the keys to successful real estate investing is knowing what projects will bring value to your property and which will only take money from your bottom line. When rehabbing a property it is crucial that the general contractor and his crew and the various sub-contractors involved understand that the needs of an investor are quite different from the average homeowner. For the investor, it is always about the bottom line. What will the job cost, and what will it return in dollars. Speed, quality and skill are what a successful rehab needs from his contractors, especially in this uncertain marketplace.
One company and owner I have come to know very well in the recent months is Jerzy Radka, owner of Jerzy Radka, owner of Greenwood International. Greenwood is a family owned business based in the Seattle area. The founder and owner, Jerzy Radka, is also a real estate investor and he intimately understands what it takes to turn a flop into a successful flip. After working with Jerzy and his crew on several projects I learned very quickly there isn’t very much this guy can’t get done. His company is a complete one-stop-shop for all your home remodeling and rehabbing needs. His crews work quickly and efficiently throughout the project, jumping from one task to the next as they work through the punch list.
To learn more about the type of work and projects that can be completed by Greenwoodii, please visit the following page: Greenwoodii International
I strongly encourage anyone who is about to tackle a remodeling or rehabbing project to give Jerzy and Greenwood a call. And if you want to learn how you can Jerzy and Greenwood a call. And if you want to learn how you can purchase or invest in foreclosures in King, Snohomish or Pierce County, please visit www.realestateinvestmentfirm.com

The Author: Kristian Aasgaarden
About: Kristian, one of the co-founders of Real Estate Investment Firm, brings over 16 years of industry experience to REIF. Kristian began his career in the escrow field and was an escrow closer for many years before turning to real estate investing.
This entry was posted by Kristian Aasgaarden, on Friday, November 7th, 2008 at 1:44 am and is filed under Buy Distressed Real Estate, Featured, Foreclosure Auction. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response on the right, or trackback from your own site.
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