Finish this statement: Rehab is not for everyone. You must consider your ________, family and purpose. If these are not in __________your business will have success but fall short of its __________________. 

What things should consider while creating your business plan: 1._________________________________________________________________________ 

2._________________________________________________________________________

3. _________________________________________________________________________ 

Why are you considering this journey? 1._________________________________________________________________________ 

2. _________________________________________________________________________ 3._________________________________________________________________________ 

How to get pre-qualified for a loan? 1._________________________________________________________________________ 

2. _________________________________________________________________________ 3._________________________________________________________________________ 

What step am I missing? 

  1. Develop Scope of Work for the project. 
  2. Schedule walk through with each sub/contractor walk-thru of the project site. 
  3. ___________________________________________________________________ 
  4. Value engineering used to determine if the existing floor plan and the site plan 
  5. Values are assigned to each task creating a budget 
  6. Review all proposals 
  7. Sign a contract with tradesman 
  8. Develop schedule 
  9. Send signed contracts to all tradesmen along with floor plans, scope of work and schedule 
  10. ___________________________________________________________________ 
  11. ___________________________________________________________________ 
  12. Work starts once all permits have been secured 
  13. Deploy demo team 
  14. Call lumber representative and place orders for framing (only order 1 floor at a time) 
  15. Two weeks before framing is complete schedule the HVAC trades 
  16. ___________________________________________________________________ 
  17. Within a week of Plumbing rough-in completion call to schedule electrician 
  1. Call regional housing department for all water mains, gas meters and electric service 
  2. Once all tradesmen have finished and received their inspection certificates, call local housing department to schedule the framing inspection before 2:30p to have it done the next day. 
  3. Order insulation and dry wall materials the same day you call for framing inspection 
  4. Once you receive the framing certificate, install insulation 
  5. ___________________________________________________________________ 
  6. Call and schedule alarm trade for the next day 
  7. Day of insulation inspection call for next day dry wall hanging 
  8. While dry wall is being hung call lumber rep to come out and measure for trim/door and baseboard 
  9. Order cabinets 
  10. ___________________________________________________________________ 
  11. Install trim 
  12. Paint 
  13. Call all tradesmen to complete finishes 
  14. ___________________________________________________________________ 
  15. Call wrought iron fabricator to complete measurements of stairs and provide measurements for AC condenser. 
  1. Order flooring/Delivery completed same day (must remain in house for 48 hours before install) 
  2. Install floors 
  3. Install cabinets 
  4. Tradesmen should all be complete 
  5. Final inspection for trades 
  6. ___________________________________________________________________ 
  7. Cleaning 
  8. Walk-thru 
  9. Walk through and develop a punch list 

What documents are required from Contractors? 1.______________________________________________________________________

2.______________________________________________________________________

3.______________________________________________________________________ 

When should I hire a realtor?

1.______________________________________________________________________ 

2. _________________________________________________________________________ 3._________________________________________________________________________ 

Create a Front end using the formulas in the course: 

Create a backend deal using the formulas in the course: 

Create a 20-30% deal using the formulas in the course: 

Depending on the size of your project, for example, to rehab a 1000 square foot house, it should take your tradesman approximately 3-4 months. Keep in mind this depends on a few factors. What are those factors? Complete the missing steps: 

1. Is this a custom rehab?
2. ____________________
3. Inspection lead time
4. ________ ______________
5. Schedule I will self-manage the rehab project? 

Course Curriculum