How To Flip Fire Damage and Condemned Properties #shorts

Are you looking to start or grow your real estate investing business? Look no further than the success of Bradley Labrie, owner of Keller Williams First and Elevation Construction Group. In 2020, Labrie vertically integrated his business by bringing in a construction aspect to flipping, and identified the labor component as the key to success in the industry.

Here's how

you can follow in his footsteps:
1. Build a diverse crew of licensed professionals: Labrie built a diverse, 8-man crew of licensed professionals to tackle projects. By having a team of experts on hand, you'll be able to take on a wider range of properties and increase your chances of success.
2. Specialize in a unique niche: Labrie's company specializes in taking on condemned and fire-damaged properties. By finding a specific niche that you excel at, you'll be able to stand out in the market and attract potential clients.
3. Bring value to the community: Labrie aims to bring value to the community by restoring properties and bringing back a tax base. Not only will this help you build a positive reputation, but it will also make a positive impact on the community.
4. Emphasize the importance of reputation: Labrie emphasizes the importance of reputation and working closely with local building departments. By building trust with local officials, you'll be able to navigate the building process more smoothly and increase your chances of success.
5. Focus on value: Labrie learned that focusing on value is more important than cost. Instead of focusing on buying properties at the lowest price, focus on finding properties with the most potential for return on investment.
6. Use "Driving for dollars" and "Direct mail" to find properties: Labrie uses two common strategies in the industry, "Driving for dollars" and "Direct mail" to find potential properties for investment. "Driving for dollars" refers to physically identifying properties in need of repair or potential for flipping and "Direct mail" refers to sending campaigns to potential sellers in a targeted area.

By following these tips and learning from the success of Bradley Labrie, you'll be well on your way to building a successful real estate investing business.

#RealEstateInvesting #RealEstateStrategies #RealEstateFlipping #PropertyRenovation #BuildingReputation #DrivingForDollars #DirectMailMarketing #RealEstateNiche #RealEstateBusiness #RealEstateDevelopment

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