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…
    
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:

6:00-6:40  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 - The (Necessary) Art of Estimating Rehab Costs RIGHT with Jerry Fink
     
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

What the Most Successful Investors You Know Have that You (Probably) Don’t.

Monday, August 17^th 7:00-8:30 p.m. central

Here at REIN, we have 30 years’ experience observing what makes new investors successful, and it may not be what you think.

It’s not about background, or determination, or even native ability: the key is having the right approach to getting the education you need (but not paying tens of thousands of dollars ‘getting ready to get ready’), building a team of more experienced investors who can help you get started with less investment and risk, and being ready for the challenges we all face in getting off the ground.

We can provide all those pieces, but YOU have to know how to pick them up and assemble them—which is what this free webclass is all about.

You’ll learn what successful investors have, and know, and do, that sets them apart and lets them build the businesses and lives that you admire, and more importantly, how you can get them too.

Presenter Vena Jones-Cox will draw you a map of what it REALLY takes to get started fast, and to stick with real estate until it gets you the financial independence you’re looking for.

This class is free and open to any any struggling real estate investor who’s serious about putting in the time, money, and energy it takes to be financially independent—but you DO need to pre-register

How I’d Make A Million In 5 Years, Starting From Scratch

The Main Event 6:00 – 9:00 PM

6:00 PM Real Estate 101

This month Roger Poulin will interview real estate investor and the owner of Tennessee Home Inspectors, Aaron Schroer.  We will learn about when to get a home inspection and what to do when you can’t. What are some of the things you really need to look out for, and what are some of the things you can let slide? Don’t be late for this information-packed session on Monday, August 10th at 6 PM.

7:00 PM Main Event

REGISTER HERE

Join us for the Millionaire Panel Discussion with some of our most experienced members. They’ll share how they’d make a million bucks in 5 years if they had to start all over again – with all their current knowledge and experience. Between them, they have close to 100 years experience and thousands of transactions (and mistakes) under their belts. It’s that experience they’ll use to tell YOU about the best ways to make money WITH money – or WITHOUT money, the resources you need to gather NOW, the roads to NOT go down, what to avoid, how to navigate today’s post-corona market, and more.

This meeting is a once-in-a-lifetime chance to gather hard-won, in-the-trenches advice from people who have reached the summit you’re climbing toward now.

Joining us will be Sam Warf, Courtney McCoy, Dale Hire, Josephine Saffert, and Roger Poulin

https://www.reintn.org/calendar

What The Federal Reserve Knows About Real Estate / Laurel Graefe, Executive of the Nashville Federal Reserve Branch

Monday July 13th, 6:00 PM online

REGISTER HERE to join us!

Pretty much anything that happens in real estate is tied to the general economy, the strength of the economy, and banking conditions. But what does that mean to you? Join us Monday, July 13th, as we hear from Laurel Graefe, and get the inside scoop on real estate and the Federal Reserve.

What are the risks today that investors should consider?
What segments of the market now are vulnerable?
How do the actions of the Fed affect real estate?
How does the economy affect the decisions the Fed makes?
How does the Fed get the information it uses to make policy?
What’s going on in the economy today?

Laurel Graefe (pronounced gray·fee) is the Regional Executive at the Nashville Branch of the Federal Reserve Bank of Atlanta. As the senior officer leading the Federal Reserve in Nashville, she is responsible for the Branch’s board of directors and economic research activities, oversees its economic and financial education programs, and advises on monetary policy. Her work gathering and synthesizing insight from Tennessee business executives and community leaders brings Main Street perspectives to national monetary policy deliberations.

Laurel represents the Fed in regular speeches about current economic conditions, the economic outlook, and the functions and history of the U.S. central bank. Her work has been published in The Wall Street Journal, The Economist, and MarketWatch, among others, and has been featured on National Public Radio. She is also coauthor of The Handbook of Oil Politics, published by Routledge.

Prior to assuming her current position, Laurel served as director of the Nashville Branch’s Regional Economic Information Network and held a number of positions with the Atlanta office of the Federal Reserve, including as a director and economic policy specialist overseeing inflation and energy market analysis for the research department. She joined the Bank in 2005 specializing in international economics and labor market analysis.

So what topics will Laurel cover on Monday July 13th?

• A short primer on the Federal Reserve and monetary policy
• Current Employment conditions
• Updates on the strength of consumer spending
• The state of business vitality and business investments
• Risks to the economic outlook
• Risks to inflation – upside vs. downside
• Data from the Personal Consumption Index and how it affects you

This will be an online meeting so you MUST register now!

Why use dollars to get what you want, when you can use agreements?

How to Swap Your Way to Wealth

              You’ve heard the story about the Canadian who started with a paperclip and traded and traded and traded until he ended up with a house, right? (No? Here’s the Wikipedia Page about it).

              That’s pretty much how Pete Fortunato has lived his entire life: trading used cars for options on houses, trading free and clear houses for better houses with mortgages, trading time shares for notes, and dozens of other examples.

              In fact, Pete likes swapping just about anything for just about anything, as long as it doesn’t involve having to have actual (taxable, inflation-susceptible) dollars.

              Instead, he likes to find out what other people REALLY want (“A working car for my daughter!”) and give it to them, instead of what they SAY they want, but really don’t (“To sell this house”) in exchange for what HE wants (an option to buy said house in the distant future)

              Yeah, it’s all pretty sophisticated and advanced…until you understand that all you’re really doing in finding out what other people want, and getting it for them, and profiting in the process.

              And that’s exactly what you’ll learn at REIN’s May 11th Main Event: the art of ‘exchanging’ (not in the 1031 way where you have time limits and a IRS restrictions, but in the people-to-people way where you use what you have, or can get, to get what you need so that you can get what you want.)

              Oh, heck, we can’t explain it. Just be there. You’ll be so, so happy that you did. But you need to register below to get the link to join us…