2. Who is Joe Locklear?
• 72- Associates Degree, Building Construction Technology FJC
• 74-81- City of Jax, Engineering Div, Sr Assoc. Engineer
• 82-86- Full Time R.E. Buy-Rehab-Sell Tax Partnerships
• 87-92 - Full Time Contracting, Custom Homes & Renovation
• 93-01 - Sr Project Mgr., Abba & Milcon Inc. Commercial to 18M
• State Cert General Contractor CGC043461
• State Certified Roofing Contractor CCC1328056
• Past V.P. American Congress on Real Estate (ACRE)
• Past Pres. Jacksonville Real Estate Investors Association (JaxREIA)
• Community Building & Restoration Inc. , General Contractor
• President/Partner Locklear Real Estate Partners
• Co-Founder REAL Investor Mentors
3. 5 Classes of Contractors
l. The Pretenders
ll. The Quasi-Contractors
lll. The Ringleaders
lV. The Semi-Pros
V. The Pros
4. l. The Pretenders are…
Un-Licensed
Un-Insured
Incompetent
Usually Dishonest
5. l. The Pretenders will…
Ask for $ to get started
Get ahead on payments
Not finish the job
Rip you off
6. l. When you hire The
Pretenders you are…
Exposed 100% to
Liability for Injury to anyone
Workers Compensation Discipline
Building Department Discipline
You have absolutely NO recourse
No License to lose
No Assets to take
7. l. Find The Pretenders @
Personal Referrals (forget this as past
customers all hate them)
Craigslist
Real Estate Blogs (Fake Referrals)
Recognize no License #’s Displayed
8. ll. The Quasi-Contractors are…
Un-Licensed
Usually Un-Insured
May be semi-competent in limited fields
May be Honest
9. ll. The Quasi-Contractors will…
Ask for $ to get started
Get ahead on payments if allowed
Probably Finish the Job
Work may be “OK”
10. ll. When you hire The Quasi-
Contractors you are…
Exposed 100% to
Probably Liability for Injury to anyone
Workers Compensation Discipline
Building Department Discipline
You have Limited Recourse
No License to lose
What are their Assets?
11. ll. Find The Quasi-Contractors @
Personal Referrals
Craigslist
Real Estate Blogs
Home Depot & Lowes EARLY
Recognize no License #’s Displayed
12. lll. The Ringleader is YOU…
In Control to the Extent of your Experience
If you hire only Licensed & Insured Subs
Insures your Limited Liability
100% Legal
13. lll. The Ringleader should…
Pay only for Completed Work
Insist on Permits where required
Hold at least 15% until Inspections Passed
14. lll. When you are The Ringleader
you are…
Not Exposed if you
Get Certificate of Ins from Subs with you
listed as additional insured
Check Subs license status at
MyFlorida.com
You have recourse against Subs
15. lll. The Ringleader can find Subs @
Personal Referrals
Google
Real Estate Blogs
Home Depot & Lowes EARLY
Look for License #’s Displayed
16. lV. The Semi-Pro is…
A State Certified Contractor
Recommended by Licensed Contractor
Pass a Test (AAA Constr School)
In Control to the Extent of your Experience
Allowed to do everything except Roofing and
Mechanicals
If you hire only Licensed & Insured Subs
Insures your Limited Liability
17. lV. The Semi-Pro should…
Pay only for Completed Work
Insist on Permits where required
Hold at least 15% until Inspections Passed
Obtain Liability Insurance
Obtain Worker’s Compensation Policy or
Exemption
18. lV. When you are The Semi-Pro you
are…
Not Exposed if you
Maintain Liability ins & Workers
Compensation Ins (or exemption)
Get Certificate of Ins from Subs with you
listed as additional insured
Check Sibs license status at MyFlorida.com
You have Recourse against Subs
19. lV. The Semi-Pro can find Subs @
Personal Referrals
Google
Real Estate Blogs
Home Depot & Lowes EARLY
Look for License #’s Displayed
20. V. The Pro is…
A State Certified Contractor
Residential (CRC), Building (CBC), General CGC
10+ Years of Experience
Most Experienced have 5 digit #’s
Allowed to Manage 100% of the Project
21. V. When Dealing with The Pro you should…
Limit advance payment to 30%
Insist on Permits where required
Hold at least 10% until Final Inspections
Passed
Check License and complaint History at
myFlorida.com
Obtain Insurance/Exemption Certificates
22. V. When dealing with The Pro you
are…
If you verify License and Insurance status,
you are 100% protected from liability
You have good recourse
They have a License to lose
They have Assets
23. V. You can find the Pro @
Personal Referrals
Google
Real Estate Blogs
Look for License #’s Displayed beginning
with CRC, CBC or CGC
24. Work Requiring Permitting…
Structural & Roofing
Window & Ext Door Replacement
Siding over 50 SF
Mechanicals
Plumbing in wall or under floor
HVAC except repairs
All Electrical
25. Workers Compensation Exemption…
Must be an individual and
Minimum 10% Owner of Corp or LLC
Corp/LLC limited to 3 Exemptions
Exemption for a single individual
Helpers not included unless they have
their own exemption
26. Listed by chance of successful Project
(Lowest –Highest) – my opinion…
l. The Pretenders 5%
ll. The Quasi-Contractors 30%
lll. The Ringleader 70%
lV. The Semi-Pro 90%
V. The Pro 95%
27. Listed by Final Cost of the Project
(Lowest –Highest) – my opinion…
l. The Semi-Pro
ll. The Quasi-Contractors
lll. The Ringleader
lV. The Pro
V. The Pretender
28. It’s YOUR Decision…
You must decide how to go based on your
ability to tolerate risk, your experience level
and how much you can afford to pay.
Remember however…
You will ALWAYS lose with the Pretender!
30. Class #1
August 2nd-FOUNDATIONS OF REAL ESTATE – This class is
designed to give you the background that you will need to
understand real property and operate effectively within the
real estate investing world. It may surprise you to discover the
true nature of real property. Many new and even some
experienced investors lack a solid foundational knowledge of
real estate. If you will master the principle taught in this class,
You will possess a powerful toolkit to use when conducting
deals and a solid foundation upon which to build.
31. Class #2
August 9TH- FINDING YOUR PATH THROUGH THE REAL ESTATE
INVESTING MAZE – New investors often pursue education
that does nothing to move them closer to their goals. In this
class you will learn how to to analyze your personal assets,
abilities and goals and choose a path within real estate
investing where you will have the greatest chance for long
term success.
32. Class #3
August 16TH- REAL ESTATE WHOLESALING – Wholesaling is a
popular career path for real estate investors. How would you
like to package-up deals and easily assign them earning 5-10K
per deal? I know this sounds great, however the failure rate
for real estate wholesalers is astronomical. This class will
teach you how to approach wholesaling from a perspective
that will set you apart from the crowd. You will learn to build a
long-term profitable wholesaling business from investors who
have built and operated their business successfully for over 35
years.
33. Class #4
August 23RD- HOW TO FIX & FLIP HOUSES – Buying, fixing and
flipping houses is a lot different in real life than what you have
seen on TV. Many of the education gurus have over-hyped this
business. Flipping houses when done properly however, can
be low risk and provide high profits. This class will teach you
how to choose the right property, renovate it right and sell it
quickly.
34. Class #5
August 30TH- FINDING MONEY TO FUND YOUR DEALS –
Contrary to popular belief, finding money to do good deals is
the easiest part of real estate investing. Many investors
choose to beg for hard money loans from commercial and
investor friendly lenders. The problem with hard money loans
is they are expensive and suck out a lot of your profit. They
should be used only as a last resort. Conversely, private
partners and individual lenders cost a lot less and can actually
compliment your deals. This class will teach you how to
overcome your apprehensions and raise more private low-cost
money then you will ever need.
35. Class #6
September 6th- UTILIZING SYSTEMS & TECHNOLOGY TO
AUTOMATE YOUR REI BUSINESS – The secret key to
minimizing your man-hours and maximizing your profits is to
develop systems that automate your prospecting, buying and
selling. We have developed and been using our own systems,
spreadsheets, cheat sheets and technology to beat-out our
competition for years. This class will provide you with hands-
on training that will teach you how to build your own systems
to buy and sell real estate investments.
36. Class #7
September 13th- HOW TO BUILD A REAL ESTATE MONEY
MACHINE PART 1 - Building Passive Income – Are you a busy
professional? Do you have money in a retirement account not
earning you a 12% return? Do you plan on earning money that
you can use for future investments? This class will teach you
how to quickly and safely build passive income while investing
very little of your own time.
37. Class #8
September 20th- HOW TO BUILD A REAL ESTATE MONEY
MACHINE PART 2 – Grinding it Out – Do you have more free
time than free money? This class will show you how to dig
deep and discover the real gems that can build your portfolio
from scratch. Many educators talk about this subject, but few
reveal the real secrets. In this class you will learn how Joe,
Adam and a few of their closest friends have built a solid
retirement in a short period of time.
38. Limited Time Bonuses If You
Sign Up Now!!
• Bonus #1- You are going to get your first 3 deals analyzed for FREE
• How valuable would it be to get your real life deals analyzed by pros
who have completed over 1000 deals and have been doing this for
over 35 years?
• We will analyze your first 3 deals with real numbers and email you our
recommended plan of attack.
39. Bonus #2- You are going to get your very own personalized copy
of our new book, “The Secret To Real Estate Investing.”
• The Secret To Real Estate Investing isn’t just some wannabe e-book
written by some wannabe investor who wants to market his business.
This is a full throttle 200 page book with real stories, real deals, real
tactics and real solutions for earning money in real estate and
building wealth for years to come. And the best part? You are going
to get it before we ever release it to the public. This book contains our
real estate investment family’s dynasty of information that we have
never shared with anyone ever! Get a leg up on the competition and
find out our family’s secrets before anyone else!
40. Bonus #3- Preference & Discounts on any
other training we do in 2017
• We have some other great events coming up including a boot camp,
bus tour, Saturday seminars, webinars, private training sessions and a
full fledge mentoring program that we will be rolling out later this
year. We promise to give you REAL discounts & preference on all of
these events and training programs. You are an early adopter so we
want to take care of you.
41. What’s It Gonna Cost Ya Dude?
• 8 Week Series
• Questions Answered By REAL Experts in Small Class Setting
• First 3 Deals Analyzed
• Personalized Early Copy Of The Secret To Real Estate Investing
• Preference & Discounts on Future Training