Big Investors Club Meetup Presentation - January 2018
•
1 like•105 views
Copy of the presentation given by Rae Dolan at the January 11, 2018 Big Investors Club meetup in Katy, Texas surrounding the rehab of a flooded home in Houston she purchased as a real estate investment / buy & hold. More info: - Big Investors Club Meetup: https://www.meetup.com/real-estate-investing-club/events/ - YouTube Recap: https://youtu.be/diQF5MV-YoA - Audrey Micah Investments: https://audreymicah.com - AMI House Buyers: https://amihousebuyers.com
Recommended
More Related Content
Similar to Big Investors Club Meetup Presentation - January 2018
Similar to Big Investors Club Meetup Presentation - January 2018 (10)
Recently uploaded
Recently uploaded (20)
Big Investors Club Meetup Presentation - January 2018
- 1. BIG MEETUP Rae Dolan Audrey Micah Investments Instagram - @audreymicah @raedolan Facebook - /AudreyMicahInvestments
- 2. Rae Dolan • Recovering marketing firm CEO • 20 years in digital marketing • Given 100+ presentations at conferences across North America • Featured in Forbes, USA Today, Entrepreneur, Inc, and many more • Started real estate investing in 2017 • Three rentals with tenants • One flooded home in rehab • Real estate license pending • 2018 plans – Lead gen for agents, acquiring rentals, doing flips
- 3. Rae Dolan • Serial entrepreneur • Wife to Sean • Mom of four • Owner of many farm animals • Volunteer for KHS Girls Basketball
- 6. ALREADY BOUGHT A FLOOD HOME?
- 7. SCARED OF FLOOD HOMES?
- 8. PROFIT OR LEARN IDEALLY - BOTH
- 9. • 3/2/2 • Cash Price: $70,000 + closing costs • Estimated Rehab: $55,000 • Estimated Holding Costs: $4,600 • 1,821 SF • Pre-Harvey ARV: $170,000 • Estimated hold time: 3 to 4 months • Plan: Buy & Hold / 78% BEAR CREEK VILLAGE
- 10. • Galvanized to PEX • Sheathing removal & replacement • Wood look tile • Granite counters in all rooms • Electrical overhaul • Mold Remediation & testing • Carpet in bedrooms • A/C replacement / TBD REHAB DETAILS
- 12. GET A FLOOD HOUSE THEY SAID IT’LL BE FUN THEY SAID
- 14. FAIL
- 16. FAIL
- 17. AIN’T NOBODY GOT TIME FOR THAT
- 18. WITH A DIFFERENT KIND OF MOLD FAIL
- 19. BURN IT DOWN
- 20. *not an actual photo of Alvin
- 21. PASS *actual photo of me getting the test results ALVIN BARKER 281-905-2414
- 22. MONEY I SPENT $3,568.80 MONEY I SHOULD HAVE SPENT $1,358.80 GRAND TOTAL WASTED: $2,964.52 DAYS WASTED 26 (OR $964.52)
- 23. WHO HAS INSULATION AND DRYWALL? THIS GIRL
- 24. • Cash Price: $70,000 + closing costs • Rehab Estimate: $57,000 • Estimated Holding Costs: $5,750 • Pre-Harvey ARV: $170,000 • Estimated hold time: 4 to 5 months • Plan: Buy & Hold / 80% UPDATED NUMBERS
- 25. CURRENT STATE Plumbing changed out - with all new PEX installed Electrical overhauled and a new line added to support the dishwasher Sheathing replaced Insulation installed Drywall going up MORE TO COME: Instagram - @audreymicah @raedolan | Facebook - /AudreyMicahInvestments
- 26. THANK YOURae Dolan Audrey Micah Investments Instagram - @audreymicah @raedolan Facebook - /AudreyMicahInvestments Audreymicah.com | AMIHouseBuyers.com