The Best Properties to Fix & Flip Now
From his multiple perspectives on the market , Todd also certainly knows a thing or two about which properties make for the most successful rehab projects .
Put simply , he says that it is about adding real value with real rehabs to the subject property — not speculation of a rising market .
So , that is not just throwing on some new paint and relisting a property . That doesn ’ t mean taking on the extreme risk of full structural rehabs either . He warns that when you get into doing roofs and similar line items , you aren ’ t actually adding real value either .
Instead , he says the real sweet spot is in moderate-to-heavy rehabs , outside of structural elements , but more than carpet
and paint . Think about new kitchens , bathrooms , lighting fixtures , and finished plumbing updates , as those add the most value to your project .
In terms of location , his thesis is simple . If it has curbs and gutters , and there is a McDonalds nearby , you are probably focusing in the right area , as opposed to rural , mountain , desert or remote locations .
Then of course , factor in the only three things guaranteed in this business :
1 . It will take longer than you expect 2 . It will be more hassle than you expect 3 . It will cost more than you expect
In fact , ZINC Financial has a Deal Analyzer tool on their website , which is used by hundreds of investors daily . It is a neat tool for quickly figuring out if you have a deal , and how to fund it . It ’ s used
He says the real sweet spot is in moderate to heavy rehabs , outside of structural elements , but more than carpet and paint . Think about new kitchens , bathrooms and finish lighting and finish plumbing changes as those add the most value to your project .
hundreds of times per day , and investors find it extremely accurate and simple to use .
During our interview , Todd also announced that ZINC is expanding into lending into 18 new states across the country as well .
Summary
Things are definitely shifting out there . According to market expert Todd Pigott , the housing market is still very healthy and perhaps headed into a more realistic and stable territory . His companies are growing and expanding , yet also making smart adjustments to protect both its borrowers and fund investors , without taking on unnecessary risks . Learn more about what they are doing , visit online : zincinvesting . com and zincfinancial . com . Or just give them a call at ( 559 ) 326-2509 .
MEET TODD PIGOTT
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Todd Pigott has been featured in industry publications , on local news programs discussing local distressed real estate and has been a speaker for CMA ( California ’ s largest organization for private money lending ). He has been a guest speaker at mortgage schools on the topic of profiting on distressed assets . He has been a featured guest on the national TV news program “ Moving America Forward ” hosted by William Shatner . .