Invest Success Mentor Class – Pre-Fix

This class focuses on the crucial preparation phase before beginning a rehab project. Students learn how to define the scope of work, manage contractors, prioritize repairs, and prepare for closing—all while aligning with their exit strategy. The class emphasizes planning, budgeting, and protecting your investment before any demo begins.

What You’ll Learn:

• The Three Biggest Rehab Limitations:

  • Time: Do you have the bandwidth to manage a project?

  • Imagination: Can you creatively solve problems and add value?

  • Pocketbook: Do your finances match your rehab ambitions?

• Defining Your Rehab Approach

  • DIY vs. Turnkey vs. Hybrid

  • Flip vs. Rental vs. Rent-to-Own

  • Entry-level to high-end finish levels

  • Structural vs. cosmetic improvements

• DIY vs. Contractor

  • Understand the trade-offs between managing the rehab yourself or hiring a general contractor.

  • Learn how labor can account for 50–75% of rehab costs.

• Creating a Scope of Work (SOW)

  • Room-by-room outline with before/after photos

  • Line-item budgets and written descriptions

  • Clarity on what you supply vs. what the contractor supplies

  • When necessary, include drawings or sketches

• Pre-Close Essentials

  • Finalize your SOW and secure contractor bids before closing

  • Get sewer scoped and roof inspected

  • Secure builder’s risk or vacant property insurance

  • Plan for escrow, earnest money, seller move-out, and post-occupancy issues

• Closing Process

  • Understand your HUD/Closing Disclosure

  • Coordinate utilities, insurance, and funding before the title appointment

  • Review your checklist to ensure a smooth handoff

Key Takeaways:

• Successful rehabs start long before the first hammer swings.

• Know your rehab limits and plan accordingly—don’t let your imagination outpace your pocketbook.

• Finalize your SOW, bids, and financing before closing.

• A clear plan reduces delays, prevents surprises, and positions you to maximize ROI.