Due diligence Hard money loan Inspection Renovation 
Marco Santarelli
JUNE 4, 2021
How much does it cost to perform various renovations, and how will you keep costs down without sacrificing quality? Don’t build a business plan that relies on you working for free to renovate properties. Will you have to arrange annual inspections of multi-family housing? Do your due diligence. Buy the property.
HomeLight
MARCH 10, 2023
Even if something went wrong, you likely wouldn’t end up losing money. Generally, I start from the back — what is the after-repair value (ARV) when the house has been fully renovated? Inflation has had a big impact on renovating a house and that is something flippers have to take into consideration when creating a budget, Wise adds.
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