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ONLINE GENERAL MEETING: How to Estimate Repair Costs Right, and How to Borrow Money for Repairs

with... Multiple Speaker(s)

Like everything else in the real estate business, repair costs are a moving target, and so are repair loan programs and interest rates. This meeting is dedicated to making sure you have the most current information for BOTH.

Thursday, July 21, 2022 5:30 PM - 9:00 PM
Virtual ONLINE Event

Thursday, July 21st ONLINE

Let’s Get Up to Date on Repair Costs & Repair LOAN Costs
(‘Cause They’re Changing Rapidly, Like Everything Else…)

     “Fortunes are made in times of change”—but only by people who are keeping up with exactly what’s going on in the market. And what’s going on in the market RIGHT NOW is that labor and materials costs are UP, and so are interest rates on those purchase & rehab cost loans.

     So let us help you “keep up” at our online meeting…

7:30-9:00 Main Meeting
The (Necessary) Art of Estimating Rehab Costs RIGHT
with Jerry Fink

      In any market, estimating rehab costs is an important skill.

     But in a softening 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 rental owner (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 to 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,

In fact, everyone who ATTENDS will get a rehab ‘cheat sheet’ of all costs of typical
rehab items broken down by category!

  • kitchens, baths, and more…

6:00-7:00 Early Bird Workshop:
What Purchase/Rehab Loans Look Like Right Now

     As interest rates go up and the market softens, you can bet that the rates, terms, and qualification requirements for hard money loans change, too.

     Our panel of hard money lenders will talk about what their programs for Purchase/Rehab loans look like today, how they’ll be changing as the market does, and their best tips for borrowing money as the market continues to shift

5:30-6:00 Open Networking & Q&A

     Join us early get to get feedback on deals you’re working on, concepts you don’t understand, referrals you need, and more!

     Members and first-time guests are free; returning guests pay $35 (which is silly, since you can join for an entire month for just $25 HERE, and take advantage of ALL of the great meetings and networking opportunities we offer for 30 whole days).

     Click the “register me” button below to get your link!


Members:
Free For Members
Non-Members:
$35.00
Send a Free Guest Pass!

Know someone who is interested in this event? Invite your friends by sending a Free Guest Pass to them!

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Date:  Thursday, July 21, 2022
Time:  5:30 PM - 9:00 PM


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