The Necessary Art of Estimating Rehab Costs Right – with Jerry Fink
REGISTER HERE
This month, we’re taking the opportunity presented by online meetings for a giant meeting on Monday, September 14th, on a topic EVERY real estate investor, wholesaler, private lender, and landlord needs to know about.
We’ll share info about the overall market, what deals look like in Tennessee, and more…Plus, you’ll get the excellent, up-to-the-minute instruction you’re here for…all without starting your car…
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Because this meeting is via GoToMeeting, you MUST pre-register on the REIN website to get your link to join!
Here’s what you’ll find out when you join us:
6:00-6:40Â RE 101 Early Workshop
6:45-7:00 Market Update with REIN President Elliott Hallum, what’s happening with prices, inventory, and sales in Nashville and around the mid-state and what to expect in the months to come.
7:00-9:00 The Main Event -Â The (Necessary) Art of Estimating Rehab Costs RIGHTÂ with Jerry Fink
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In any market, estimating rehab costs is an important skill. But in a cold market, it’s a CRUCIAL one, because you don’t have rising house prices and desperate buyers to save you from a mistake.
We ALL have to have this skill if we want to make good offers and good deals: retailers, of course, but also wholesalers, landlords, even note buyers and private lenders, have to have a keen understanding of the cost to bring their properties (or their buyer’s properties, or their security) into good condition.
At this meeting, super-experienced landlord (as in, bought his first rental in 1986) / retailer (as in, has managed well over 200 rehabs, including a 100 unit apartment building) Jerry Fink will share:
• The steps to tackling the rehab estimation process: what to do BEFORE you make an offer, how to write an offer so you can get out of it if you’re wrong, and what to do AFTER the offer is accepted to make sure you got it right before you close
• The differences between estimating costs on a rental vs. a bread-and-butter rehab vs. a move-up rehab (they can be as much as 50%, no kidding)
• Why you ALWAYS assume that you, or your buyer, or your borrower, will hire professionals and pull permits, even if that’s not what you’d do
• How to stay on top of rehab costs as they change, as they always do in chaotic times
• Actual costs of all the major rehab categories: roofs, gutters, windows, drywall, kitchens, baths, and more…
In fact, everyone who ATTENDS will get a rehab ‘cheat sheet’ of all costs of typical rehab items broken down by category! If you’re not there, don’t even ask: Jerry usually only releases this to people who’ve paid him a bunch of money for his services, and this is his special #CrisisBlessing for attendees only!
Do we even need to say it? You need to be glued to your computer or tablet on September 14th for this…
Not a REIN member? Join now at www.reintn.org/join
