“Rehabbing for Big Rewards” class

[David Page]

Early Bird promotion --> https://www.baltimorereia.com/rehabbing-for-big-rewards-july-2021/

In person on Saturday, July 17:
our “Rehabbing for Big Rewards” class.

PLUS: Property visits on Sunday the 18th to put your new knowledge to work — and perhaps buy a property

Once again your instructor David Page is bringing in contractor Rhyan Gamet as his special guest. Along with her partner Charlie Beall, Rhyan will share their expertise on estimating costs.

Who needs to know rehabbing? You do! Because virtually everyone in the real estate business needs to understand the fundamentals of fixing up a property.

Wholesalers need to know what rehabbers do, in order to get a house under contract at a price where both parties make money.

Buy-and-hold investors need to know rehabbing, because most of the properties you buy will need a rehab — and today’s renters are fussier than ever.

And of course, rehabbers themselves need to know what they’re doing. Because the paydays can be big, but so are the risks.

Local rehabber David Page will share his expertise with you — knowledge earned at a huge expense in time and money — so you can get up to speed fast for a modest amount of money.

David has been rehabbing exclusively in the Baltimore area for several years. With more than 40 rehabs under his belt — from row houses to detached houses, in the city and county — David has been there, done that, and bought the sump pump.

Special guest Rhyan Gamet is a general contractor who has done everything from cosmetic to full-gut rehabs. She’ll show you how to do a quick ballpark estimate so you can come up with an offer — before someone else gets the deal!

Here’s what we’ll explore

Why you may want to rehab: expected paydays… a bad reason to rehab… a bonus reason
Tough love: the truth about rehabbing… the risks… the ups and downs… it’s a job (a well-paying job if you do it right)
Where to rehab — including the single biggest mistake newbies make
What kinds of houses to rehab, and what kinds to avoid — hint: you want a house that has “the right things wrong with it”
How to work with contractors — and what to do when you find yourself working against a contractor — from hiring to firing
The scope of work — how much detail do you need?
The draw schedule — how much to pay and when — including when not to pay
Contractor’s lien release and warranty
Being your own general contractor — advantages and disadvantages — are you ready for it?
What insurance you need, and what contractors need
Licensing: who needs it?
Permits: where and when do you need ’em?
Estimating rehab costs — the second biggest area where newbies make mistakes — why you must be able to do it fast
What to do in your rehab — what not to do — where to spend your money — whose opinion matters — with plenty of photos to show you exactly what sells
Crunching the numbers: the quick formula vs. the long way
To stage or not to stage
Dealing with the buyer’s inspection addendum
Finding deals, funding deals, and choosing a business entity. The primary emphasis on this class is the rehab itself, but we will address these other areas.
Your generous support materials
include a wealth of documents

The extensive materials for this course include:

Property intake sheet — a quick form to help you determine if the property is even worth considering — including red flags to avoid
Two formulas for calculating offers — line-item and square footage — to help you make offers fast with reasonable accuracy
Scope of work
Checklist from closing to closing
Independent contractor agreement
Workers Comp form
W-9 and 1099
Lien release and warranty
Form for firing a contractor
FREE BONUS: Property visits on Sunday

You’ll see multiple properties in the afternoon. Using your new knowledge, you’ll determine what needs to be done and estimate the cost right then and there. You may even buy one of these properties to do your first rehab!