What you'll learn
What lenders look at in a Statement of work
The importance of a statement of work
How to propery fill out a statement of work
Common mistakes first timers make
Requirements
Some knowledge of real estate investing / fix and flips is helpful but not required
Description
Are you currently buying repair properties or are you interested in learning about Fix and Flip properties?While you are riding around looking at old houses you need to imagine the scope of work for projects. Have you always wanted to fix and flip a house but you were not sure of what to expect when presenting your statement of work? This will help you understand that part of the process. As a real estate investor, in order to get funding for a repair loan on a fix and flip property you are required to fill out a scope of work. A scope of work can be a daunting task for a first time real estate investor.This course will teach you to understand what funding companies are looking for when they look at your deal. We will go over the common mistakes that new investors make and how to easily avoid those mistakes.This course will show you what investors I have worked with who have had difficulty getting though the funding process have done incorrectly. This course is designed to help you avoid those issues on your projects. This is an essential skill for anyone who is trying to get funding for their real estate investment project. Understanding how to fill out a statement of work will greatly improve your ability to gain funding for your projects.
Overview
Section 1: Introduction
Lecture 1 Introduction
Section 2: What to know
Lecture 2 What to know before you get started
Lecture 3 Understanding contractor requirements
Lecture 4 Scope of work & rehab draw
Lecture 5 Filling in the details
Lecture 6 Problems to look out for
This course is for real estate investors looking to better understand how to get approved for fix and flip funding

Homepage

https://www.udemy.com/course/how-to-fill-out-a-scope-of-work-for-a-repair/