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.
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!
This document addresses frequently asked questions about changes to the homebuyer tax credit. It explains that existing homeowners can qualify for the $6,500 credit even if their new home costs less than their previous home. It also clarifies that eligibility will be determined based on an individual's status at the date of home purchase, not the date of contract signing. Buyers will qualify for the credit as long as they complete their home purchase by the new deadlines of April 30th or July 1st established in the legislation.
Il servizio di Cittadinanza Attiva del comune di Ravenna, gestito da Andrea Caccia e Stefania Pelloni della Coop. Sociale VILLAGGIO GLOBALE si presenta... in occasione della serata dedicata al libro di Michele Dotti "l'Anticasta"... correva l'anno 2009
Students will complete language arts assignments by working collaboratively in groups on wikis. They will discuss questions, vocabulary, quizzes and tests and create a final book project on their wiki. In the second lesson, students will create a PowerPoint presentation using the work they created on their wiki to share with peers. While this incorporates technology, collaboration, and reinforces language arts skills, drawbacks include not all students having access to technology at home and potential for technical difficulties. The teacher will provide instruction and support for using the various technologies.
Addition is combining two or more numbers to find the total amount. It is represented by the plus (+) symbol. Some examples of addition are: 1 + 1 = 2, which means one ball plus one ball equals two balls total. In number form, 5 + 5 = 10, which reads "five plus five equals ten". Addition questions can also be in word problems, such as "nine more than one is five" which is false. When doing addition, the answer must be greater than five.
The document discusses the characteristics used to identify minerals. The five key characteristics are: 1) A mineral occurs naturally, has a definite chemical composition and atoms arranged in an orderly pattern. 2) The four most common minerals are quartz, feldspar, mica and calcite, with feldspar making up over 60% of the Earth's crust. 3) Additional characteristics like luster, streak, cleavage, hardness and crystal shape are used to distinguish between minerals that have similar properties. Color alone is not very useful for identifying minerals.
El documento describe las funcionalidades destacadas de almacenamiento y edición de documentos, permitiendo tener acceso a documentos y fotos desde cualquier lugar y modificar su contenido. Incluye un enlace a una presentación de diapositivas sobre el tema.
Presentazione delle attività legate alla sostenibilità ... RicicloOfficina, Baratto e Riuso, ProGetto Hundertwasser, Turismo responsabile, Commercio Equo... la grande famiglia della Coop. Villaggio Globale.
relazione in occasione del convegno CERVIAMBIENTE 2010
www.villaggioglobale.ra.it
www.hundertwasser.it
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!
This document addresses frequently asked questions about changes to the homebuyer tax credit. It explains that existing homeowners can qualify for the $6,500 credit even if their new home costs less than their previous home. It also clarifies that eligibility will be determined based on an individual's status at the date of home purchase, not the date of contract signing. Buyers will qualify for the credit as long as they complete their home purchase by the new deadlines of April 30th or July 1st established in the legislation.
Il servizio di Cittadinanza Attiva del comune di Ravenna, gestito da Andrea Caccia e Stefania Pelloni della Coop. Sociale VILLAGGIO GLOBALE si presenta... in occasione della serata dedicata al libro di Michele Dotti "l'Anticasta"... correva l'anno 2009
Students will complete language arts assignments by working collaboratively in groups on wikis. They will discuss questions, vocabulary, quizzes and tests and create a final book project on their wiki. In the second lesson, students will create a PowerPoint presentation using the work they created on their wiki to share with peers. While this incorporates technology, collaboration, and reinforces language arts skills, drawbacks include not all students having access to technology at home and potential for technical difficulties. The teacher will provide instruction and support for using the various technologies.
Addition is combining two or more numbers to find the total amount. It is represented by the plus (+) symbol. Some examples of addition are: 1 + 1 = 2, which means one ball plus one ball equals two balls total. In number form, 5 + 5 = 10, which reads "five plus five equals ten". Addition questions can also be in word problems, such as "nine more than one is five" which is false. When doing addition, the answer must be greater than five.
The document discusses the characteristics used to identify minerals. The five key characteristics are: 1) A mineral occurs naturally, has a definite chemical composition and atoms arranged in an orderly pattern. 2) The four most common minerals are quartz, feldspar, mica and calcite, with feldspar making up over 60% of the Earth's crust. 3) Additional characteristics like luster, streak, cleavage, hardness and crystal shape are used to distinguish between minerals that have similar properties. Color alone is not very useful for identifying minerals.
El documento describe las funcionalidades destacadas de almacenamiento y edición de documentos, permitiendo tener acceso a documentos y fotos desde cualquier lugar y modificar su contenido. Incluye un enlace a una presentación de diapositivas sobre el tema.
Presentazione delle attività legate alla sostenibilità ... RicicloOfficina, Baratto e Riuso, ProGetto Hundertwasser, Turismo responsabile, Commercio Equo... la grande famiglia della Coop. Villaggio Globale.
relazione in occasione del convegno CERVIAMBIENTE 2010
www.villaggioglobale.ra.it
www.hundertwasser.it
Antonio wants to be a restaurant owner and chef. He has loved cooking since childhood and sees this career as combining his passions for business and culinary arts. The job requires managing both the business and kitchen aspects. Good food and service are essential to success. Antonio plans to study business and restaurant management in university and attend culinary school to gain the skills needed to one day open his own restaurant.
Students will complete language arts assignments by working collaboratively in groups on wikis. They will discuss questions, vocabulary, quizzes and tests and create a final book project on their wiki. In the second lesson, students will create a PowerPoint presentation using the work they created on their wiki to share with peers. While this incorporates technology, collaboration, and life skills, some students may lack access to technology at home, requiring more time in the computer lab.
Students will complete language arts assignments by working collaboratively in groups on wikis. They will discuss questions, vocabulary, quizzes and tests and create a final book project on their wiki. In the second lesson, students will create a PowerPoint presentation using the work they created on their wiki to share with peers. While this incorporates technology, collaboration, and life skills, some students may lack access to technology at home, requiring more time in the computer lab.
This document discusses different landforms including mountains, hills, plateaus, valleys, and plains. It defines each landform and explains how they are formed by natural processes like weathering, erosion, and movement of tectonic plates. The document includes a quiz to test understanding of key details about different landforms such as the difference between a mountain and hill, the definition of a plain, and identifies the tallest mountain on Earth.
This document discusses the classification and distribution of different types of marine sediments. Sediments are classified based on their origin as lithogenous (derived from land), biogenous (derived from organisms), hydrogenous (derived from water), or cosmogenous (derived from outer space). Lithogenous sediments include eroded rock fragments transported from land by rivers, wind, ice or gravity. Biogenous sediments consist of the hard remains of once-living organisms like shells. Hydrogenous sediments form as minerals precipitate directly from seawater, like manganese nodules. The distribution of sediments depends on factors like proximity to land, water depth, biological productivity and dissolution rates.
The difference between learning on the job publishedYeng Sok
The document compares learning at school versus learning on the job. At school, learning is more passive where students focus on getting as many certificates as possible. At work, learning is more proactive where employers value quality of work over certificates. While laziness at school may lead to bad grades, laziness at work can result in termination. Additionally, school trains students to follow instructions, whereas work requires leading and out-of-the-box thinking to solve problems. The document concludes that universities do not fully prepare students for the workforce and that individuals need to take their own initiative to learn skills required for their jobs.
The document summarizes and compares two real estate deals that the author was involved in. Both properties were acquired from families facing foreclosure through preforeclosure letters. The first deal encountered several obstacles during marketing, appraisal, and closing with an uncooperative previous owner. The second deal was simpler, selling the property quickly on a wrap mortgage with an eager buyer. Both deals earned similar incomes but the second was a much smoother process preferred for future deals.
Charlotte Real Estate - A Factual Overview in a Time of UncertaintyEric Johnson
This document provides an overview of the Charlotte real estate market from the perspective of realtor Eric Cox. It discusses the current state of the market as uncertain, but provides data on housing inventory, prices, and sales to analyze market conditions. It also outlines strategies for sellers to price their homes appropriately and maximize interest. Throughout, it emphasizes properly evaluating market conditions and pricing homes competitively.
How do we buy deals off the MLS? This is strategy we implement and executed successfuly to house hack our way to our own residence using the BRRR strategy.
First Time Home Buyer /Relocation HelpJamie Haynes
This document provides information for first-time home buyers about the home buying process. It discusses when to buy, how to prepare by reviewing credit and creating a budget, common home buyer programs that provide down payment assistance, where to look for homes considering factors like schools and crime, an overview of the buying steps, and tips for selecting a real estate agent. Key points include that down payments can be as low as 3.5% or 0% with certain loan programs, grants are not always limited to first-time buyers, and the seller pays the buyer's agent commission.
This document describes two real estate foreclosure deals. The first deal was a condo in Florida that took 18 months to foreclose on, and was eventually sold at auction for $95,000, yielding a $40,000 profit. The second deal was a house in Cape Coral, Florida, where the borrower signed a deed in lieu of foreclosure, allowing the property to be quickly listed and sold for its full market value of $110,000 within 60 days, yielding a $44,000 profit. Both deals provided high returns on investment for the funding partners in under two years.
Putting Your Money to Work for You Through Real Estate Investingtompdpllc
The document discusses how Purple Diamond Properties buys homes well below market value through strategic marketing, renovates them, and either sells them for a large profit or holds them as rental properties. It outlines how individuals can privately loan money to the company at 12% interest rates secured by real estate assets, providing a higher return than traditional savings accounts. The company has had success with its model, showing an example home it purchased for $95,000, renovated, and sold for $250,000, generating a $23,404 return for investors.
It all begins with that first property. So what do you need to know before you begin your real estate investment journey? This presentation will give you all the basics of how to successfully buy your first investment property. During this in-depth workshop you will learn The 5 Steps to Owning Investment Real Estate:
1. Goal setting
2. Financing
3. Due Diligence
4. Property Management
5. The Closing Process
We will also teach you:
- How to Obtain the Best Financing for Investors
- Property Management In’s and Out’s
- Which Markets in the Country to Invest
- How to Analyze the Financials (Actual Deals)
- How to Eliminate as Much Risk as Possible
- Tax Benefits of Owning Investment Property
Our company has helped over 50,000 invest in real estate since 1979 and you can do it too. By joining us for this presentation, you will have the opportunity to get connected to a real estate advisor who can walk you through all the steps afterwards for absolutely no cost.
Franny Knight is an experienced real estate agent with Urban Cool KC who specializes in Kansas City's urban neighborhoods. She provides marketing and listing services to sell homes quickly and for the best price, including professional photos, social media marketing, and staging consultation. Her services aim to maximize a home's visibility and attract buyers. She has experience with over 35 transactions and a master's degree in psychology.
Market Expert Handout - Chicago Real Estate Market - May 2011Matt Dollinger
This handout is provided to members of the @properties Market Expert program in conjunction with Keeping Current Matters. The enclosed information discusses factual information about the Chicago real estate market specifically - as well as local North Side neighborhoods.
Oltersdorf Realty Home Buying Presentation, Leelanau, Grand Traverse, Travers...Oltersdorf Realty, LLC
Please take a moment to browse our detailed guide for homebuyers geared especially towards first time home buyers in the Traverse City region (Leelanau and Grand Traverse County). The combination of decreased home values, low interest rates, and federal incentives make this a very attractive time to purchase your first home or to be a move up buyer. Topics covered include: The current Traverse City real estate market, the buying process, buy vs. rent, tax incentives, home buyer credit, finding an agent, securing a loan, and protecting your investment. Please visit http://www.oltersdorf.com for additional information!
This document provides information about Joe Dent's real estate services for home buyers. It outlines the 3 main steps of the home buying process that Joe assists with: 1) getting pre-approved for a home loan, 2) using Joe's buyer profile service to automatically receive listings that match a buyer's criteria, and 3) having Joe negotiate offers using his specialized industry knowledge. The document emphasizes that Joe's services do not cost the buyer money and provides benefits like knowing your maximum budget, access to new listings before other buyers, and getting the best deal negotiated. It also includes success stories and tips for different parts of the process.
The document discusses the foreclosure crisis and opportunities for buying foreclosed homes. It began with the bursting of the dot-com bubble and lowering of interest rates fueling a housing boom. Risky lending practices led to many homeowners defaulting on mortgages when housing prices dropped. This created a surge in foreclosures, presenting opportunities for investors and homeowners to purchase properties cheaply and potentially profit from future price increases. However, the document warns that buying foreclosures requires expertise and strategy to negotiate well with banks and avoid potential pitfalls.
Reata Realty is a locally based real estate brokerage founded in 2008 that has adapted to changing consumer behavior and the rise of internet usage. The document discusses Reata Realty's marketing strategies that focus on digital and technological tools to reach the widest possible audience of potential buyers online. This includes features like virtual tours, mobile apps, social media promotion, and tracking weekly performance reports.
Antonio wants to be a restaurant owner and chef. He has loved cooking since childhood and sees this career as combining his passions for business and culinary arts. The job requires managing both the business and kitchen aspects. Good food and service are essential to success. Antonio plans to study business and restaurant management in university and attend culinary school to gain the skills needed to one day open his own restaurant.
Students will complete language arts assignments by working collaboratively in groups on wikis. They will discuss questions, vocabulary, quizzes and tests and create a final book project on their wiki. In the second lesson, students will create a PowerPoint presentation using the work they created on their wiki to share with peers. While this incorporates technology, collaboration, and life skills, some students may lack access to technology at home, requiring more time in the computer lab.
Students will complete language arts assignments by working collaboratively in groups on wikis. They will discuss questions, vocabulary, quizzes and tests and create a final book project on their wiki. In the second lesson, students will create a PowerPoint presentation using the work they created on their wiki to share with peers. While this incorporates technology, collaboration, and life skills, some students may lack access to technology at home, requiring more time in the computer lab.
This document discusses different landforms including mountains, hills, plateaus, valleys, and plains. It defines each landform and explains how they are formed by natural processes like weathering, erosion, and movement of tectonic plates. The document includes a quiz to test understanding of key details about different landforms such as the difference between a mountain and hill, the definition of a plain, and identifies the tallest mountain on Earth.
This document discusses the classification and distribution of different types of marine sediments. Sediments are classified based on their origin as lithogenous (derived from land), biogenous (derived from organisms), hydrogenous (derived from water), or cosmogenous (derived from outer space). Lithogenous sediments include eroded rock fragments transported from land by rivers, wind, ice or gravity. Biogenous sediments consist of the hard remains of once-living organisms like shells. Hydrogenous sediments form as minerals precipitate directly from seawater, like manganese nodules. The distribution of sediments depends on factors like proximity to land, water depth, biological productivity and dissolution rates.
The difference between learning on the job publishedYeng Sok
The document compares learning at school versus learning on the job. At school, learning is more passive where students focus on getting as many certificates as possible. At work, learning is more proactive where employers value quality of work over certificates. While laziness at school may lead to bad grades, laziness at work can result in termination. Additionally, school trains students to follow instructions, whereas work requires leading and out-of-the-box thinking to solve problems. The document concludes that universities do not fully prepare students for the workforce and that individuals need to take their own initiative to learn skills required for their jobs.
The document summarizes and compares two real estate deals that the author was involved in. Both properties were acquired from families facing foreclosure through preforeclosure letters. The first deal encountered several obstacles during marketing, appraisal, and closing with an uncooperative previous owner. The second deal was simpler, selling the property quickly on a wrap mortgage with an eager buyer. Both deals earned similar incomes but the second was a much smoother process preferred for future deals.
Charlotte Real Estate - A Factual Overview in a Time of UncertaintyEric Johnson
This document provides an overview of the Charlotte real estate market from the perspective of realtor Eric Cox. It discusses the current state of the market as uncertain, but provides data on housing inventory, prices, and sales to analyze market conditions. It also outlines strategies for sellers to price their homes appropriately and maximize interest. Throughout, it emphasizes properly evaluating market conditions and pricing homes competitively.
How do we buy deals off the MLS? This is strategy we implement and executed successfuly to house hack our way to our own residence using the BRRR strategy.
First Time Home Buyer /Relocation HelpJamie Haynes
This document provides information for first-time home buyers about the home buying process. It discusses when to buy, how to prepare by reviewing credit and creating a budget, common home buyer programs that provide down payment assistance, where to look for homes considering factors like schools and crime, an overview of the buying steps, and tips for selecting a real estate agent. Key points include that down payments can be as low as 3.5% or 0% with certain loan programs, grants are not always limited to first-time buyers, and the seller pays the buyer's agent commission.
This document describes two real estate foreclosure deals. The first deal was a condo in Florida that took 18 months to foreclose on, and was eventually sold at auction for $95,000, yielding a $40,000 profit. The second deal was a house in Cape Coral, Florida, where the borrower signed a deed in lieu of foreclosure, allowing the property to be quickly listed and sold for its full market value of $110,000 within 60 days, yielding a $44,000 profit. Both deals provided high returns on investment for the funding partners in under two years.
Putting Your Money to Work for You Through Real Estate Investingtompdpllc
The document discusses how Purple Diamond Properties buys homes well below market value through strategic marketing, renovates them, and either sells them for a large profit or holds them as rental properties. It outlines how individuals can privately loan money to the company at 12% interest rates secured by real estate assets, providing a higher return than traditional savings accounts. The company has had success with its model, showing an example home it purchased for $95,000, renovated, and sold for $250,000, generating a $23,404 return for investors.
It all begins with that first property. So what do you need to know before you begin your real estate investment journey? This presentation will give you all the basics of how to successfully buy your first investment property. During this in-depth workshop you will learn The 5 Steps to Owning Investment Real Estate:
1. Goal setting
2. Financing
3. Due Diligence
4. Property Management
5. The Closing Process
We will also teach you:
- How to Obtain the Best Financing for Investors
- Property Management In’s and Out’s
- Which Markets in the Country to Invest
- How to Analyze the Financials (Actual Deals)
- How to Eliminate as Much Risk as Possible
- Tax Benefits of Owning Investment Property
Our company has helped over 50,000 invest in real estate since 1979 and you can do it too. By joining us for this presentation, you will have the opportunity to get connected to a real estate advisor who can walk you through all the steps afterwards for absolutely no cost.
Franny Knight is an experienced real estate agent with Urban Cool KC who specializes in Kansas City's urban neighborhoods. She provides marketing and listing services to sell homes quickly and for the best price, including professional photos, social media marketing, and staging consultation. Her services aim to maximize a home's visibility and attract buyers. She has experience with over 35 transactions and a master's degree in psychology.
Market Expert Handout - Chicago Real Estate Market - May 2011Matt Dollinger
This handout is provided to members of the @properties Market Expert program in conjunction with Keeping Current Matters. The enclosed information discusses factual information about the Chicago real estate market specifically - as well as local North Side neighborhoods.
Oltersdorf Realty Home Buying Presentation, Leelanau, Grand Traverse, Travers...Oltersdorf Realty, LLC
Please take a moment to browse our detailed guide for homebuyers geared especially towards first time home buyers in the Traverse City region (Leelanau and Grand Traverse County). The combination of decreased home values, low interest rates, and federal incentives make this a very attractive time to purchase your first home or to be a move up buyer. Topics covered include: The current Traverse City real estate market, the buying process, buy vs. rent, tax incentives, home buyer credit, finding an agent, securing a loan, and protecting your investment. Please visit http://www.oltersdorf.com for additional information!
This document provides information about Joe Dent's real estate services for home buyers. It outlines the 3 main steps of the home buying process that Joe assists with: 1) getting pre-approved for a home loan, 2) using Joe's buyer profile service to automatically receive listings that match a buyer's criteria, and 3) having Joe negotiate offers using his specialized industry knowledge. The document emphasizes that Joe's services do not cost the buyer money and provides benefits like knowing your maximum budget, access to new listings before other buyers, and getting the best deal negotiated. It also includes success stories and tips for different parts of the process.
The document discusses the foreclosure crisis and opportunities for buying foreclosed homes. It began with the bursting of the dot-com bubble and lowering of interest rates fueling a housing boom. Risky lending practices led to many homeowners defaulting on mortgages when housing prices dropped. This created a surge in foreclosures, presenting opportunities for investors and homeowners to purchase properties cheaply and potentially profit from future price increases. However, the document warns that buying foreclosures requires expertise and strategy to negotiate well with banks and avoid potential pitfalls.
Reata Realty is a locally based real estate brokerage founded in 2008 that has adapted to changing consumer behavior and the rise of internet usage. The document discusses Reata Realty's marketing strategies that focus on digital and technological tools to reach the widest possible audience of potential buyers online. This includes features like virtual tours, mobile apps, social media promotion, and tracking weekly performance reports.
This document provides an analysis of the real estate market conditions in Boulder, Colorado by Silver Fern Homes. It summarizes key data on inventory levels, sales volumes, median prices, and days on the market for both single-family homes and condominiums over the last several months. It also highlights some notable individual property sales, provides a case study on pricing strategy, and analyzes historic home price appreciation in Louisville, Colorado.
Jeff Edmisten and Ruthie Buck thank buyers for reviewing their homebuyer guide. Their mission is to connect buyers with the best home deals and provide uncompromising commitment to exceptional service. They help buyers search for homes, write offers, and guide them through the entire purchasing process. Their client testimonial praises how they went above and beyond to help secure a home across state lines. The guide provides tips on estimating home buying power from rent, benefits of ownership, choosing a lender and mortgage, the home buying process, and more.
This document is an interactive presentation by Susan Heater, a real estate sales associate, about the home buying process. It provides tips for buyers on determining affordability, choosing a home type and location, making an offer, and maintaining a home. The presentation also outlines how Heater and her partner can help guide buyers through each step as their buyer's agent and protect their interests in the transaction. Contact information is provided for Heater to assist buyers in the Rochester, NY area.
Fist time Home buyer in Washington DC AreaDCRealtyOnline
Find what it takes about buying home in Washington Dc area. If you are first time Home buyers you need to know all the details of Home buying process such as Home Inspections and Financing and Apprisal and more
Stark Builders: Where Quality Meets Craftsmanship!shuilykhatunnil
At Stark Builders our vision is to redefine the renovation experience by combining both stunning design and high quality construction skills. We believe that by delivering both these key aspects together we are able to achieve incredible results for our clients and ensure every project reflects their vision and enhances their lifestyle.
Although we are not all related by blood we have created a team of highly professional and hardworking individuals who share the common goal of delivering beautiful and functional renovated spaces. Our tight nit team are able to work together in a way where we pour our passion into each and every project as we have a love for what we do. Building is our life.
Living in an UBER World - June '24 Sales MeetingTom Blefko
June 2024 Lancaster County Sales Meeting for Berkshire Hathaway HomeServices Homesale Realty covering the following topics: 1. VA Suspends Buyer Agent Payment Plan (article), 2. Frequently Used Terms in title, 3. Zillow Showcase Overview, 4. QuickBuy commission promotion, 5. Documenting Cooperative Compensation, 6. NAR's Code of Ethics - Mass Media Solicitations, 7. Is it really cheaper to rent? 8. Do's and Don't's when Terminating the Agreement of Sale, 9. Living in an UBER World
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/
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.
Dholera Smart City Latest Development Status 2024.pdfShivgan Infratech
Explore the latest development status of Dholera Smart City in 2024. Discover the progress, infrastructure, and future plans of India's first greenfield smart city.
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 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.
Deed 3754 S Honeysuckle Mesa AZ 85212 owner Shawn Freeman - Pamela Brown Nota...
Chicopee talk ss
1. 619 Broadway St.
Chicopee, MA
The Good, the Bad
and the Ugly of a
First Rehab Project
Shaun M. Reilly
Shaun@rre-homes.com
Copyright - Reilly Real Estate, LLC
2. Alternate Title
“Wait, where the F@*%
is Chicopee???”
Copyright - Reilly Real Estate, LLC
3. Who am I?
Raisedin 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
4. My Start in Real Estate
Converted primary residence to rental in 2007
Quickly purchased 2 similar properties to use as
rentals (Just the like they say in the books!)
– Liked people mailing us money every month
– Cashflow was not great
Overestimated rents, underestimated expenses
Got in a holding pattern for a few years
Copyright - Reilly Real Estate, LLC
5. How do you buy a house?
MAKE OFFERS!
InMay 2011 something “clicked” and I started
making tons of offers.
Conservative ARVs and High Rehab Budgets
– MAO = 65% ARV – Rehab (Including 6 months of
holding costs)
First offer 90% of this
Be embarrassed by your offers!
Copyright - Reilly Real Estate, LLC
6. How do you buy a house?
MAKE OFFERS!
619 Broadway listed at $63,000
– Originally listed for $90,000
– 138 DOM when accepted
Plus 20 more unlisted days in middle
Made 2 offers (the ONLY 2 offers)
– Accepted offer of $34,535
Purchased for 54.8% of list (38.4% of original)
Copyright - Reilly Real Estate, LLC
7. First Wholesale Deal???
Chicopee is really far away!
I’ve never done a project!
– Something that far away isn’t a good one to start with!
Don’t know any contractors out there.
Don’t have a network out that way.
– Who can I hire? How can I find them? No way to
utilize the network I had built out here.
I should just wholesale it!!!!!
Copyright - Reilly Real Estate, LLC
8. First Wholesale Deal???
MARKET IT!!!!
Bring it to the REIAs!
– MA REIA – Springfield shut done a couple months
before
– MA REIA – Worcester shut done that month
Craigslist– A few responses but nobody serious
Call the “We Buy Houses” investors out there
– No call backs!
Referrals
– One serious buyer!
Copyright - Reilly Real Estate, LLC
9. Wholesale Gone Bad…
Buyer signed P&S and put down deposit
Met with a Realtor and Contractor to get
opinions on ARV and Rehab costs
Lined up hard money and was going to double
close on my contract date
HML got cold feet and pulled out 2 days before
Tried to salvage deal but nothing panned out
Copyright - Reilly Real Estate, LLC
10. Can I Rehab It?
Had the money to close
Was able to get the money for the rehab work
– Nobody I knew wanted to lend that far away
Convinced a contractor I was working with
evaluating properties to go there from Lowell!
Had a couple of Realtor contacts that worked
out there.
Copyright - Reilly Real Estate, LLC
12. Quick Scope
New Electrical
New plumbing
– Including new boiler and hot water heater
Full Kitchen remodel with layout change
Full Bathroom remodel with layout change
New roof over back addition
All new flooring, paint and fixtures throughout
Copyright - Reilly Real Estate, LLC
14. You Make Your Money When You BUY!
Purchased just over 50% of list price
Other Profit Centers
– 3% closing cost credit
– Buyer agent commission
Purchased for ~10% less than MAO
Cheapest sale of the year in the city (On MLS)
– Last sale for less was 7/21/10
– No sale for less since
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15. Financials
Expense: Income:
Buy Price $34,535.00 Buyer Agent Commission $828.84
Settlement Fees (BUY) $231.95 Forfeited Deposit $500.00
Construction $41,286.84 Sale Price $123,000.00
Taxes $582.68 TOTAL INCOME: $124,328.84
Insurance $1,196.79
Utilities $573.48
Miscellaneous $249.55 Had a $1,036.05 concession on purchase
Buyer had a $2,500 credit
Commissions $6,627.50
Settlement Fees (SELL) $4,060.88 5.5% Commission on Net $120,500
TOTAL EXPENSES: $89,344.67
Gross Profit: $34,984.17
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16. Mistakes I Made
Didn’t have a great exit strategy
– Wanted to wholesale when I didn’t know how to
wholesale!
Overestimated ARV
– Ran MLS comps that looked good
– Local Realtors thought I was on the high side
Didn’t get this information until after purchase
Still thought I was in right range
– Sold for over $15K less than the low end of my range
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17. What I Did Right
Bought really well
Had a backup strategy when initial exit strategy
didn’t work
Overestimated Rehab costs
– Everything is broken until someone tells me it isn’t
Builtstrong relationships so contractor traveled
for my job
Was not dumb enough to think I should save
~3% by listing myself
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18. Postscript to the Story
Since then I have bought, rehabbed and sold 3
other houses
Have 1 under contract for resale
Have 2 on the market for resale
2 projects under renovation
0 under contract for purchase
– Closed on one yesterday
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19. Postscript to the Story
Have now wholesaled a property
Have added 2 units to rental portfolio
– Should add 2 more by end of the year
Have made over 1,300 offers on over 300
unique properties in 2012
– Over 2,000 and 400 since May 2011
A current investor recently said they want to
invest an additional $100K or more by January
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20. Two Kinds of Real Estate Investors
1. Those that make a ton of money
2. Those that give up too soon
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