and find property that is worth the retail price Project Sponsor Project Lead

And find property that is worth the retail price

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and find property that is worth the retail priceProject Sponsor + Project LeadCompleted: Property sale price was negotiated and purchased for below market value to ensure a profit after completion04Overestimating sale priceMediumHighEffects the profit margin on the dealCompare ARV to comparable properties in the same neighborhoodList house in accordance to current market valueProject Sponsor + Project LeadPlanned: Once rehab budget is finalized, the ARV of the house will be estimated with comparable properties that have recently soldRevised to accommodate PMBOK® 4thedition1
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Risk Matrix05Under-insuring the propertyLowLowInsurance policy won’t cover damages in the event of an accidentProperly insureproperty, but understanding the amount necessary to cover the projectHire knowledgeable insurance agent Project SponsorCompleted: Jackson & Marshall Investments has an umbrella policy to cover all real estate + individual construction policies.06Investing in a bad locationLowMediumProject may not sell for asking priceInvesting in locations that are appreciating and desirable by buyersMarket research to support acquisition by city, zip code, neighborhood, and school district
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