Presentation given at the Boston Area REIA on 10-17-13.
This presentation was a case study on how to flip a property in a terrible location.
Sewer Plants, train tracks and being in the flight path of the airport were all issues that were overcome!
The Good, the Bad and the Ugly of my first rehab deal. Learn what I did right what I did wrong and how you can make money in real estate even when you make some mistake.
2 pictures deleted to conform to Slide Share uplaod limits.
Roger Perry is a top real estate agent in Los Angeles. We are a professional real estate agency specializing in serving the particular needs of our clients at affordable prices.
I L L E G A L D O W N L O A D I N G M P (Final)michelepage
This document warns about the legal and financial risks of illegally downloading or sharing copyrighted content. It notes that students could lose internet access or have restrictions placed on their home computers. Individuals are responsible for any illegal actions taken on computers they own or access. While piracy may seem free, it hurts artists and content creators, and illegal downloads can result in fines of up to $150,000 per song. The music industry's sales have dropped significantly since file sharing became widespread.
Python has a super rich and active ecosystem, and py.test is great, but I believe we deserve a better testing framework.
This is why I've started developing a new framework named "Nimoy".
Using Nimoy, I set out to make Python testing beautiful, expressive, pragmatic and fun.
The document provides information on various topics related to copyright, royalties, public domain, trademarks, plagiarism, patents, and citations in APA style. It defines royalties as payments made for using copyrighted work, explains what makes something public domain, describes what a trademark is, defines plagiarism, discusses how patents allow exclusive use of an invention, and provides examples of citations in APA style.
The document discusses key lease enforcement provisions that should be included in commercial leases. It outlines the top 8 provisions landlords should add, such as provisions allowing for rent acceleration, additional rent charges, yellowstone injunctions, late fees, and attorney's fees. It also outlines the top 8 provisions tenants should seek to include, such as mitigation of damages clauses, prevailing party clauses, rights of expansion, options to renew, and limits on personal guarantees. The document provides legal advice on drafting effective lease agreements.
George Michael wanted to void his 1988 contract with Sony Music, claiming it restrained his artistic freedom and creativity. His lawyer argued the contract violated restraint of trade laws. However, Sony argued the contract was a compromise agreement that reflected George Michael's superstar status at the time and provided significant financial benefits. The judge ruled in favor of Sony, stating that compromise agreements cannot be voided for restraint of trade, as it is in the public interest for genuine compromises to be upheld. Otherwise, no compromise agreement would be enforceable.
Jet Offer buys houses in Los Angeles, California by providing instant cash offers to homeowners facing problems and needing to sell quickly. They offer fair prices without commissions or fees, a clear process, and benefits like extra time to move and no open houses or appraisals. Homeowners seeking a quick sale for their property with convenience can contact Jet Offer.
The Good, the Bad and the Ugly of my first rehab deal. Learn what I did right what I did wrong and how you can make money in real estate even when you make some mistake.
2 pictures deleted to conform to Slide Share uplaod limits.
Roger Perry is a top real estate agent in Los Angeles. We are a professional real estate agency specializing in serving the particular needs of our clients at affordable prices.
I L L E G A L D O W N L O A D I N G M P (Final)michelepage
This document warns about the legal and financial risks of illegally downloading or sharing copyrighted content. It notes that students could lose internet access or have restrictions placed on their home computers. Individuals are responsible for any illegal actions taken on computers they own or access. While piracy may seem free, it hurts artists and content creators, and illegal downloads can result in fines of up to $150,000 per song. The music industry's sales have dropped significantly since file sharing became widespread.
Python has a super rich and active ecosystem, and py.test is great, but I believe we deserve a better testing framework.
This is why I've started developing a new framework named "Nimoy".
Using Nimoy, I set out to make Python testing beautiful, expressive, pragmatic and fun.
The document provides information on various topics related to copyright, royalties, public domain, trademarks, plagiarism, patents, and citations in APA style. It defines royalties as payments made for using copyrighted work, explains what makes something public domain, describes what a trademark is, defines plagiarism, discusses how patents allow exclusive use of an invention, and provides examples of citations in APA style.
The document discusses key lease enforcement provisions that should be included in commercial leases. It outlines the top 8 provisions landlords should add, such as provisions allowing for rent acceleration, additional rent charges, yellowstone injunctions, late fees, and attorney's fees. It also outlines the top 8 provisions tenants should seek to include, such as mitigation of damages clauses, prevailing party clauses, rights of expansion, options to renew, and limits on personal guarantees. The document provides legal advice on drafting effective lease agreements.
George Michael wanted to void his 1988 contract with Sony Music, claiming it restrained his artistic freedom and creativity. His lawyer argued the contract violated restraint of trade laws. However, Sony argued the contract was a compromise agreement that reflected George Michael's superstar status at the time and provided significant financial benefits. The judge ruled in favor of Sony, stating that compromise agreements cannot be voided for restraint of trade, as it is in the public interest for genuine compromises to be upheld. Otherwise, no compromise agreement would be enforceable.
Jet Offer buys houses in Los Angeles, California by providing instant cash offers to homeowners facing problems and needing to sell quickly. They offer fair prices without commissions or fees, a clear process, and benefits like extra time to move and no open houses or appraisals. Homeowners seeking a quick sale for their property with convenience can contact Jet Offer.
The target audience for the film "Twist of Fate" is 15-23 year olds, as crime and drug-related shows are popular among this age group. People in this demographic also tend to have more disposable income as they enter the workforce, making them more likely to pay for cinema tickets. The film aims for an age rating of 15-18 to attract a wide audience, similar to movies like "Kidulthood" and "Trainspotting".
The target audience for the film "Twist of Fate" is 15-23 year olds, as crime and drug-related shows are popular among this age group. People in this demographic also tend to have more disposable income as they enter the workforce, making them more likely to pay for cinema tickets. The film aims for an age rating of 15-18 to attract a wide audience, similar to successful films like "Kidulthood" and "Trainspotting".
The BBFC (British Board of Film Classification) was established in 1912 to set censorship standards for films shown in the UK. It assigns age ratings from U to R18 based on content like violence, language, sex, and nudity. For example, 15-rated films can contain strong violence while 18-rated films contain very strong language and graphic depictions of sexual violence. The BBFC also considers UK laws like the Obscene Publications Act and Video Recordings Act when making classification decisions. One film it gave an 18 rating for graphic medical depictions was The Descent due to scenes of broken bones and stomachs being eaten.
This document provides adjectives to use when giving opinions about various public figures in sentences. It includes photos of Antonio Banderas, Johnny Depp, J.K. Rowling, Obama, Adele, Cuauhtemoc Blanco, Jim Carrey, Adam Sandler, and Jennifer Aniston along with the adjectives good, excellent, amazing, cool, bad, old, funny, brilliant, and pretty to use when making sentences expressing opinions about each celebrity's profession.
This document discusses different types of easements, including easements appurtenant, easements in gross, easements of necessity, prescriptive easements, and easements by reference to plats and maps. It explains the key elements required to establish each type of easement across various states east of the Mississippi River. The document also notes exceptions and limitations to establishing prescriptive easements in some states. Finally, it discusses rules around reserving easements to third parties through a single deed conveyance.
Hospital Records is an independent record label based in London that primarily releases drum and bass music. Founded in 1996, it is one of the most well-known labels in the UK dance music genre. The label is home to popular artists like Netsky, High Contrast, and London Elektricity. After researching the label, the author decided to sign with Hospital Records due to its large variety of artists and reputation within the drum and bass scene.
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing TurkeyListing Turkey
Looking for a new home in Istanbul? Look no further than Avrupa Konutlari Esentepe! Our beautifully designed homes provide the perfect blend of luxury and comfort, making them the perfect choice for anyone looking for a high-quality home in the city.
With a wide range of apartment types available, from 1+1 to 4+1, we have something to suit every need and budget. Each apartment is designed with attention to detail and features spacious and bright living areas, making them the perfect place to relax and unwind after a long day.
One of the things that sets Avrupa Konutlari Esentepe apart from other developments is our focus on creating a community that is both comfortable and convenient. Our homes are surrounded by lush green spaces, perfect for enjoying a peaceful stroll or having a picnic with friends and family. Additionally, our complex includes a variety of social and recreational amenities, such as swimming pools, sports fields, and playgrounds, making it easy for residents to stay active and socialize with their neighbors.
https://listingturkey.com/property/avrupa-konutlari-esentepe/
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...knox groups real estate
welcome to knox groups real estate company in Bangalore. best farm land for sale near Bangalore and madhugiri . Managed farmland near Kanakapura and Chickkabalapur get know more details about the projects .Knox groups is a leading real estate company dedicated to helping individuals and businesses navigate the dynamic real estate market. With our extensive knowledge, experience, and commitment to excellence, we deliver exceptional results for our clients. Discover the perfect foundation for your agricultural aspirations with KNOX Groups' prime farm lands. These aren't just plots; they're the fertile grounds where vibrant crops flourish, livestock thrives, and unique agricultural ventures come to life. At KNOX, we go beyond selling land we curate sustainable ecosystems, ensuring that your journey toward agricultural success is seamless and prosperous.
Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
For more details https://gvrenting.com/
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
The target audience for the film "Twist of Fate" is 15-23 year olds, as crime and drug-related shows are popular among this age group. People in this demographic also tend to have more disposable income as they enter the workforce, making them more likely to pay for cinema tickets. The film aims for an age rating of 15-18 to attract a wide audience, similar to movies like "Kidulthood" and "Trainspotting".
The target audience for the film "Twist of Fate" is 15-23 year olds, as crime and drug-related shows are popular among this age group. People in this demographic also tend to have more disposable income as they enter the workforce, making them more likely to pay for cinema tickets. The film aims for an age rating of 15-18 to attract a wide audience, similar to successful films like "Kidulthood" and "Trainspotting".
The BBFC (British Board of Film Classification) was established in 1912 to set censorship standards for films shown in the UK. It assigns age ratings from U to R18 based on content like violence, language, sex, and nudity. For example, 15-rated films can contain strong violence while 18-rated films contain very strong language and graphic depictions of sexual violence. The BBFC also considers UK laws like the Obscene Publications Act and Video Recordings Act when making classification decisions. One film it gave an 18 rating for graphic medical depictions was The Descent due to scenes of broken bones and stomachs being eaten.
This document provides adjectives to use when giving opinions about various public figures in sentences. It includes photos of Antonio Banderas, Johnny Depp, J.K. Rowling, Obama, Adele, Cuauhtemoc Blanco, Jim Carrey, Adam Sandler, and Jennifer Aniston along with the adjectives good, excellent, amazing, cool, bad, old, funny, brilliant, and pretty to use when making sentences expressing opinions about each celebrity's profession.
This document discusses different types of easements, including easements appurtenant, easements in gross, easements of necessity, prescriptive easements, and easements by reference to plats and maps. It explains the key elements required to establish each type of easement across various states east of the Mississippi River. The document also notes exceptions and limitations to establishing prescriptive easements in some states. Finally, it discusses rules around reserving easements to third parties through a single deed conveyance.
Hospital Records is an independent record label based in London that primarily releases drum and bass music. Founded in 1996, it is one of the most well-known labels in the UK dance music genre. The label is home to popular artists like Netsky, High Contrast, and London Elektricity. After researching the label, the author decided to sign with Hospital Records due to its large variety of artists and reputation within the drum and bass scene.
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing TurkeyListing Turkey
Looking for a new home in Istanbul? Look no further than Avrupa Konutlari Esentepe! Our beautifully designed homes provide the perfect blend of luxury and comfort, making them the perfect choice for anyone looking for a high-quality home in the city.
With a wide range of apartment types available, from 1+1 to 4+1, we have something to suit every need and budget. Each apartment is designed with attention to detail and features spacious and bright living areas, making them the perfect place to relax and unwind after a long day.
One of the things that sets Avrupa Konutlari Esentepe apart from other developments is our focus on creating a community that is both comfortable and convenient. Our homes are surrounded by lush green spaces, perfect for enjoying a peaceful stroll or having a picnic with friends and family. Additionally, our complex includes a variety of social and recreational amenities, such as swimming pools, sports fields, and playgrounds, making it easy for residents to stay active and socialize with their neighbors.
https://listingturkey.com/property/avrupa-konutlari-esentepe/
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...knox groups real estate
welcome to knox groups real estate company in Bangalore. best farm land for sale near Bangalore and madhugiri . Managed farmland near Kanakapura and Chickkabalapur get know more details about the projects .Knox groups is a leading real estate company dedicated to helping individuals and businesses navigate the dynamic real estate market. With our extensive knowledge, experience, and commitment to excellence, we deliver exceptional results for our clients. Discover the perfect foundation for your agricultural aspirations with KNOX Groups' prime farm lands. These aren't just plots; they're the fertile grounds where vibrant crops flourish, livestock thrives, and unique agricultural ventures come to life. At KNOX, we go beyond selling land we curate sustainable ecosystems, ensuring that your journey toward agricultural success is seamless and prosperous.
Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
For more details https://gvrenting.com/
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
1. 33 Riverview St.
North Andover, MA
How to flip a property
with a challenging
location.
Shaun M. Reilly
Shaun@rre-homes.com
Copyright - Reilly Real Estate, LLC
3. Who Am I?
Raised
in Dracut, MA
Graduated from Boston University 2000
–
Bachelors in Math and Chemistry and Physics Minor
Graduated
–
–
from Boston College 2007
MBA with focus on Operations and Finance
MSF (Master of Finance)
Started
in real estate March 2007
Full time since Jan 2010
Copyright - Reilly Real Estate, LLC
6. Challenging Location?
What
–
–
–
–
–
makes a challenging location?
Being across the street from a sewer pumping station.
Train Tracks running through back yard.
In flight path of municipal airport.
Near several other industrial buildings.
Right by the Lawrence border.
Copyright - Reilly Real Estate, LLC
7. How did I find this gem?
Looking
at properties late at night and came
across this place on auction.com.
It was ~11:30PM on a Sat night, auction ended
on Sunday morning.
–
Was not going to be able to visit property.
Probably
No
–
would not have anyway.
bids and the opening bid was $63,500.
Listed on MLS at $109,900.
Copyright - Reilly Real Estate, LLC
8. How did I find this gem?
Their
were no other offers!
Talked to my contractor to come walk it on
Monday before I had to wire in funds.
Figured it would have a lot of work since ARV
should have been ~$250K.
–
–
Once we saw the location took about $100K off.
However was in MUCH better shape than
anticipated.
Copyright - Reilly Real Estate, LLC
9. Scope of work:
Removed possible copyrighted image of a pig with lipstick
Copyright - Reilly Real Estate, LLC
10. DON’T over rehab!!!!!!
Resale
value is limited.
Do what you need to do and make it attractive.
High end finishes will not make you more
money, and probably won’t sell it any faster.
–
Even with granite counters it is still across the street
from the sewer plant.
You
need to find that “Special” buyer for this.
Copyright - Reilly Real Estate, LLC
15. Marketing Strategy
Price
–
it right!
It was a terrible location and needed to be priced for
that accordingly.
~$100K
less than similar un-rehabbed homes.
Similar
priced houses in town were uninhabitable
REOs and Short Sales.
–
One suggested bringing a mask to help with the smell.
Copyright - Reilly Real Estate, LLC
16. How did we sell?
Got
LOTS of requests at that price point
Over 50 showings with 68 DOM
2 Offers on it
–
1st fell through at inspection
Only
–
sold for $900 under list price
Did give a $2,000 credit and did some repairs
Copyright - Reilly Real Estate, LLC
17. Financials:
Expense:
Buy Price
Settlement Fees (BUY)
Construction
Interest
Taxes
Insurance
Utilities
Miscellaneous
Commissions
Settlement Fees (SELL)
Income:
$66,150.00
$9,637.42
$33,148.13
$4,300.11
$1,766.63
$639.55
$915.05
$217.50
$7,850.00
$3,430.04
Seller Agent Commission
Sale Price
TOTAL INCOME:
$2,747.50
$159,000.00
$161,747.50
Buyer had a $2,000 Credit
Commission was 5.0% on Net $157,000
TOTAL EXPENSES: $128,054.43
Gross Profit:
$33,693.07
Copyright - Reilly Real Estate, LLC
18. Summary:
Flipping challenging properties
1)
Buy right!
–
1)
2)
3)
Cheapest MLS sale since August 1994
Do not over rehab.
Know your exit strategy to sell.
Work with any reasonable offer, you never
know when you will get another one.
Copyright - Reilly Real Estate, LLC
19. Two Kinds of Real Estate Investors
1.
Those that make a ton of money
2.
Those that give up too soon
Copyright - Reilly Real Estate, LLC