HAPCO - NW Philadelphia Sub Group

April 13th, 2020

Time: 6:30 PM to 8:30 PM

2nd Monday of the Month

Entrance Fee: $5.00

Location: WEICHERT, REALTORS® - McCarthy Associates Office, 6901 Germantown Ave, Philadelphia, PA 19119

Presented By: Jerome Henry Director/Instructor Philadelphia Custom Design School of Carpentry & Cabinet Making

Discussion: Basic Rehabbing for the Real Estate Investor

Overview: Key Takeaways

•Rehabbing real estate involves purchasing a property, completing renovations and selling for a profit.

•As you create your scope of work for a rehab project, always leave room for unexpected costs or issues.

•Complete another walk through at the end of any rehabbing real estate project to make sure everything went according to plan.

The old expression, “By the yard it’s hard, by the inch it’s a cinch,” applies to many areas of life, not the least of which include that often-overwhelming concept known as the real estate rehab deal.

While rehabbing real estate can be a profitable and exciting form of wealth-building, it can also be a confusing venture that seems to have more moving parts than a car engine. However, by understanding the process of how house flipping works — and what a real estate rehabber does from beginning to end — you’ll not only gain more knowledge, but your rehab investor IQ will skyrocket.

Jerome will discuss quick primer to the seven stages of a real estate rehab deal to help your fix and flip investor game, and make your investing journey more manageable and realistic.