Many remodeling companies buy an office, rent it to themselves, and hold it — and that’s where their real estate investment stops. Andrew Schroeder, a second-generation remodeler and Remodeler’s Advantage member, takes real estate investment farther.
In episode 22, Victoria and Mark talk to Andrew about how to use your remodeling experience to grow your business by profitably flipping houses, minimizing the risks and maximizing the benefits, and the challenges of acting as your own client.
Andrew, a Mentor-level Roundtables Group member, bought his ownership stake in Schroeder Design/Build with the money he made flipping houses on the side. Now, as the general manager of the northern-Virginia firm, he’s expanded on that experience to bolster his remodeling business. He’s also the youngest to receive the Master Certified Remodeler designation and is also a Universal Design Certified Professional.
Victoria, Mark and Andrew discuss how to develop key strategies to incorporate real estate investment into your business model, and how expanding into real estate can propel your business forward without needing to acquire new clients.
This episode includes:
- Where to invest your time and money to get your best returns
- How to fill your production pipeline without getting new clients
- Determining your profit margins in real estate
- The benefits of hiring your own Realtor
- The secret sauce of pricing for flipping
- And more…
Like that time Victoria saw Andrew in a diaper. Even without that detail, it’s a high-energy look at a business extension that you, as a remodeler, are already well-equipped to handle.
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Don’t Miss the Chance to Be a Part of Our LIVE Audienceon Friday, June 22 at 11:00am ET
Join us LIVE as Victoria & Mark talk with Jeremy Martin about the secrets of his success as an award-winning, successful remodeler.
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