What happens when you get a smooth close#realestate #multifamilystrategy #realestatetips

What does it look like on an average deal when it's executed perfectly? What happens from the time that you close to renovations to lease up? High level.

So high level is when we find a project that we love, we then immediately get inspectors and contractors in. And then once the inspector says you're good to go, get your contractor quotes, we get the contractor bid out for everything. Once we have those quotes, we know how much money we need to bring into the project and how much money we need to have in our bank account on day one. Once we close on the property, then we get to immediately start. We start with phase one, which is the quick turns that we can quickly get our profit up, and then we go into the medium and then heavy turns, and then eventually the whole project is done, and it's done really quickly and consistently. So when you do it all at once with the contractors up front, the project actually feels completed, and then you see a bunch of cash flow after the project's done.

And one of the things that I really like about that is the lot of cash flow part. Yes, I like the part where the properties make a lot of money, and that should be your goal too.