All Forum Posts by: Matt Robinson

“Dealing with Contractors in Your Real Estate Business”

Pensacola: Tuesday, April 11th @ 7 PM – Pensacola Bay Center (+Live Streaming)

One of the most challenging aspects of renovating distressed properties, whether for rental or retail purposes, is finding and dealing with contractors and repairmen. Anyone who has been in the business for longer than 5 minutes can tell you countless stories of contractors not showing up to the job on time (or at all), showing up drunk, or doing work that LOOKS like they were drunk while doing it.

While there is unfortunately no panacea to cure all of our contractor woes, there are certainly some tips and tricks to the trade that can help keep your project on time and under budget (or as close as possible), and help reduce your risk and exposure to possible liability due to injuries, poor workmanship, or unpermitted work.

At this month’s PIG meeting, we will be discussing some of those cost and time saving secrets, along with:

–>> Worker’s Compensation and Liability Insurance

–>> How to Handle the Bid Process

–>> Contractor Draw Schedules – Do You Pay in Advance?

–>> When is a Permit Required, & Who Pulls It?

–>> And Some BONUS Tips You May Have Never Considered!

If you have ANY interest in renovating properties for rental or resale, or are already in the business, this is a meeting you DON’T WANT TO MISS! So mark your calendars for TUESDAY, APRIL 11th at 7 PM (Registration and networking at 6:30 PM) at the Pensacola Bay Center in Pensacola. Open to members and first time guests, so bring a friend and come join us!

Directions & Maps Available at the Links Below:

Michael, while everyone else is beating you up about not buying in your "own backyard", I completely understand your dilemma.  There are countless California investors who don't really have the means or desire to buy a $500,000, 3/1 with 1300 sq ft as a buy and hold or renovation as their first deal in 12 years...so they seek the more affordable areas in the midwest, southeast, etc.  It's definitely more difficult to manage a renovation or rental from a long distance, but it's easier than managing an expensive property that might sink you because it's way outside of your budget and/or comfort zone.  But talking about that puts me in a category with many people on BP which I'd rather not be in, which is answering a question you didn't ask.

As far as your question is concerned, you are not crazy to request a copy of the contract. I have purchased dozens of homes from wholesalers, and I would NEVER agree to an assignment unless I knew WHAT was being assigned to me. The contract that you are accepting to be completely bound to could have no inspection period, a huge additional EMD coming due...and a million other things. If that won't show it to you...tell them thanks but no thanks.

Best of luck on your next deal.  

I have lived in both Ohio and Pensacola, FL...and I agree with @William Allen about the business trips. :-)

Hi, this is Matt Robinson, founder of the Professional Investors Guild, and I am SO EXCITED about this month’s PIG meeting! On March 14th @ 7 PM, we will be hosting my dear friend Larry Goins, one of the most sought after seminar speakers and trainers in the country. Larry has shared event stages with the likes of Tony Robbins, Michael Gerber, Robert Kiyosaki and many more!

Larry is the author of multiple books, including "HUD Homes Half Off" and "Getting Started in Real Estate Day Trading." At this month's PIG meeting, He will be sharing with the Guild about a new investing model he has been using that is CRUSHING IT right now, especially for new investors. He calls it the "Filthy Riches" model, and it is nothing like you have ever done or seen before!

This unique system will truly amaze you with how easy it works. Larry has had more of his students do their very first deal with this model than any other strategy (including wholesaling) because his “Filthy Riches” system is actually faster, easier, and safer than wholesaling! In fact, Larry routinely uses this system to buy houses for $5,000 and sell them for $30,000 or more, and to date has purchased homes in 12 different states!

If you’re serious about becoming an active real estate investor, then this is simply a meeting you can’t AFFORD to miss! So mark your calendars for TUESDAY, MARCH 14th at 7 PM (Registration and networking at 6:30 PM) at the Pensacola Bay Center in Pensacola. Open to members and first time guests, so bring a friend and come join us!

Directions & Maps Available at the Links Below:

“PIG Tank” – Expert Investor Panel Q&A

-TUESDAY, February 21st, 2017 @ 7 pm – Emerald Coast Convention Center Streaming LIVE for Online Members!

At this month’s PIG meeting, we have a very special treat for you, as some of our most successful and knowledgeable members will be fielding YOUR real estate questions, and even advising some of you on your business plans. There are no sharks in this tank, only PIGS…with lots of valuable information to help take you and your investing business to the NEXT LEVEL!

Each member of our panel is an expert in their different specialty within the real estate industry. They will be sharing their specialized knowledge and trade secrets with you to make sure your business is primed and ready to explode in 2017! Our special real estate expert panel members include:

Bill Allen – Wholesale/Marketing Expert – Bill is an active duty Navy pilot who fell into real estate investing thanks to constant military moves. He started in real estate as an accidental landlord in 2007 when he went on deployment & rented his condo in San Diego. He continued buying rentals & quickly realized he was running out of money, so he started flipping houses to generate additional investment capital.

Bill started Blackjack Real Estate in 2015 & enjoyed flipping houses so much that he’s continued to use that strategy for the last three years. In 2016, he committed to a large marketing plan & as a result successfully flipped 13 houses & wholesaled 54 more, with plans to double those numbers in 2017 with help from effective business systems.

Joey Vincent – General Contractor & Rehab Expert – Joey is the owner of Joseph Vincent Construction, LLC, specializing in new residential construction & remodels. He is also a Franchise owner of HomeVestors ("We Buy Ugly Houses") & has been a real estate investor since 2003, making it a full time career in 2007. Joey graduated with a Bachelors degree from Troy University & his company averages approximately 16 flips per year & currently owns & manages 44 rental homes. His passion is transforming Ugly homes into Dream homes & spending time with his 3 children.

Tom Waier – Business Development – Tom began his career as a CPA for Ernst & Ernst, but quickly moved up the ranks as a successful corporate executive. In the late 70’s and early 80’s, he worked as vice president of Maxco Inc, a publically-held diversified manufacturing company. After a successful run at Maxco, Tom was recruited to hold the position of CEO at Airlift Company, a manufacturer of automotive air suspensions. Tom held that position for 20 years before his “retirement” in 2007, overseeing massive growth and expansion at the company.

However, running a multi-million dollar company didn't prevent Tom from testing his real estate acumen. He was the co-owner of Brook Development LLC, which developed six single family subdivisions in Michigan, ranging from 18 to 113 lots. He was also the co-owner of Loch Woode Development, which built new construction homes. Today, he is the busiest "retiree" in America at age 74, running his renovation company, "Nonsuch Investments LLC", which specializes in flipping houses and real estate development in the Greater Pensacola area.

PLUS, a SURPRISE Special Guest! This is a meeting you WON’T WANT TO MISS! So mark your calendars for TUESDAY, FEBRUARY 21ST at 7 PM at the Emerald Coast Convention Center in FWB. Open to members and first time guests, so bring a friend and come join us!

Directions & Maps Available at the Links Below:

“PIG Tank” – Expert Investor Panel Q&A

-TUESDAY, February 21st, 2017 @ 7 pm – Daphne Civic Center & Streaming LIVE for Online Members!

At this month’s PIG meeting, we have a very special treat for you, as some of our most successful and knowledgeable members will be fielding YOUR real estate questions, and even advising some of you on your business plans. There are no sharks in this tank, only PIGS…with lots of valuable information to help take you and your investing business to the NEXT LEVEL!

Each member of our panel is an expert in their different specialty within the real estate industry. They will be sharing their specialized knowledge and trade secrets with you to make sure your business is primed and ready to explode in 2017! Our special real estate expert panel members include:

Bill Allen – Wholesale/Marketing Expert – Bill is an active duty Navy pilot who fell into real estate investing thanks to constant military moves. He started in real estate as an accidental landlord in 2007 when he went on deployment & rented his condo in San Diego. He continued buying rentals & quickly realized he was running out of money, so he started flipping houses to generate additional investment capital.

Bill started Blackjack Real Estate in 2015 & enjoyed flipping houses so much that he’s continued to use that strategy for the last three years. In 2016, he committed to a large marketing plan & as a result successfully flipped 13 houses & wholesaled 54 more, with plans to double those numbers in 2017 with help from effective business systems.

Joey Vincent – General Contractor & Rehab Expert – Joey is the owner of Joseph Vincent Construction, LLC, specializing in new residential construction & remodels. He is also a Franchise owner of HomeVestors ("We Buy Ugly Houses") & has been a real estate investor since 2003, making it a full time career in 2007. Joey graduated with a Bachelors degree from Troy University & his company averages approximately 16 flips per year & currently owns & manages 44 rental homes. His passion is transforming Ugly homes into Dream homes & spending time with his 3 children.

Tom Waier – Business Development – Tom began his career as a CPA for Ernst & Ernst, but quickly moved up the ranks as a successful corporate executive. In the late 70’s and early 80’s, he worked as vice president of Maxco Inc, a publically-held diversified manufacturing company. After a successful run at Maxco, Tom was recruited to hold the position of CEO at Airlift Company, a manufacturer of automotive air suspensions. Tom held that position for 20 years before his “retirement” in 2007, overseeing massive growth and expansion at the company.

However, running a multi-million dollar company didn't prevent Tom from testing his real estate acumen. He was the co-owner of Brook Development LLC, which developed six single family subdivisions in Michigan, ranging from 18 to 113 lots. He was also the co-owner of Loch Woode Development, which built new construction homes. Today, he is the busiest "retiree" in America at age 74, running his renovation company, "Nonsuch Investments LLC", which specializes in flipping houses and real estate development in the Greater Pensacola area.

PLUS, a SURPRISE Special Guest! This is a meeting you WON’T WANT TO MISS! So mark your calendars for TUESDAY, FEBRUARY 21ST at 7 PM at the Daphne Civic Center in Daphne. Open to members and first time guests, so bring a friend and come join us!

Directions & Maps Available at the Links Below:

“PIG Tank” – Expert Investor Panel Q&A

-TUESDAY, February 21st, 2017 @ 7 pm – Pensacola Bay Center & Streaming LIVE for Online Members!

At this month’s PIG meeting, we have a very special treat for you, as some of our most successful and knowledgeable members will be fielding YOUR real estate questions, and even advising some of you on your business plans. There are no sharks in this tank, only PIGS…with lots of valuable information to help take you and your investing business to the NEXT LEVEL!

Each member of our panel is an expert in their different specialty within the real estate industry. They will be sharing their specialized knowledge and trade secrets with you to make sure your business is primed and ready to explode in 2017! Our special real estate expert panel members include:

Bill Allen – Wholesale/Marketing Expert – Bill is an active duty Navy pilot who fell into real estate investing thanks to constant military moves. He started in real estate as an accidental landlord in 2007 when he went on deployment & rented his condo in San Diego. He continued buying rentals & quickly realized he was running out of money, so he started flipping houses to generate additional investment capital.

Bill started Blackjack Real Estate in 2015 & enjoyed flipping houses so much that he’s continued to use that strategy for the last three years. In 2016, he committed to a large marketing plan & as a result successfully flipped 13 houses & wholesaled 54 more, with plans to double those numbers in 2017 with help from effective business systems.

Joey Vincent – General Contractor & Rehab Expert – Joey is the owner of Joseph Vincent Construction, LLC, specializing in new residential construction & remodels. He is also a Franchise owner of HomeVestors ("We Buy Ugly Houses") & has been a real estate investor since 2003, making it a full time career in 2007. Joey graduated with a Bachelors degree from Troy University & his company averages approximately 16 flips per year & currently owns & manages 44 rental homes. His passion is transforming Ugly homes into Dream homes & spending time with his 3 children.

Tom Waier – Business Development – Tom began his career as a CPA for Ernst & Ernst, but quickly moved up the ranks as a successful corporate executive. In the late 70’s and early 80’s, he worked as vice president of Maxco Inc, a publically-held diversified manufacturing company. After a successful run at Maxco, Tom was recruited to hold the position of CEO at Airlift Company, a manufacturer of automotive air suspensions. Tom held that position for 20 years before his “retirement” in 2007, overseeing massive growth and expansion at the company.

However, running a multi-million dollar company didn't prevent Tom from testing his real estate acumen. He was the co-owner of Brook Development LLC, which developed six single family subdivisions in Michigan, ranging from 18 to 113 lots. He was also the co-owner of Loch Woode Development, which built new construction homes. Today, he is the busiest "retiree" in America at age 74, running his renovation company, "Nonsuch Investments LLC", which specializes in flipping houses and real estate development in the Greater Pensacola area.

PLUS, a SURPRISE Special Guest! This is a meeting you WON’T WANT TO MISS! So mark your calendars for TUESDAY, FEBRUARY 21ST at 7 PM (Registration and networking at 6:30 PM) at the Pensacola Bay Center in Pensacola. Open to members and first time guests, so bring a friend and come join us!

Directions & Maps Available at the Links Below:

I hate to play "one up you" @William Allen, but I'm going to in this case because I have a classic story.   I ran into Roy Jones, Jr. at Chuck E. Cheese while he was at a friend's birthday party.  I was playing the football game where you throw it into the different sized holes, and he comes up and just starts talking smack out of nowhere.  I don't really get star struck, so I challenged him to a game.  So, we go head to head, and I absolutely smoked him.  Probably the only thing I could beat him at.  Well, that and paying my taxes.  I'm current...and he owes about 3 million or so.  Unfortunately those cheesy Island Fights at the Civic Center don't pay 7-8 figures like in the old days.  See you at the PIG meeting, bud!  

No, @William Allen, she's in Orlando or somewhere in South Florida I believe.  She's been around on the speaking circuit for ages.  Most of the feedback I've heard has been positive.

Hey @Clinton Hall! Welcome to the BP community!  I'm also investing in the Baldwin County area, and would love to connect some time.  If you have any questions about the area, or real estate investing in general, feel free to shoot me a PM.