The (Necessary) Art of Estimating Rehab Costs Right

with Jerry Fink

        In any market, estimating rehab costs is an important skill.

        In a hot market, you might get away with being a bit sloppy, because the market appreciation will cover (at least some) of your mistakes.

        But in a cold market (and it is coming, and usually happens FAST), it’s a CRUCIAL skill, because you don’t have rising house prices and desperate buyers to save you from your mistakes.

        We ALL have to have this skill if we want to make good offers and good deals: retailers, of course, but also wholesalers, landlords, even note buyers and private lenders, have to have a keen understanding of the cost to bring their properties (or their buyer’s properties, or their security) into good condition.

        At this meeting, super-experienced Housing Provider (as in, bought his first rental in 1980) / Retailer (as in, has managed well over 225 rehabs, including a 120 unit apartment building) Jerry Fink will share:

  • The steps to tackling the rehab estimation process: what to do BEFORE you make an offer, how to write an offer so you can get out of it if you’re wrong, and what to do AFTER the offer is accepted to make sure you got it right before you close

* The differences between estimating costs on a rental vs. a bread-and-butter rehab vs. a move-up rehab (they can be as much as 50%, no kidding)

* Why you ALWAYS assume that you, or your buyer, or your borrower, will hire professionals and pull permits, even if that’s not what you’d do

 *How to stay on top of rehab costs as they change, as they always do in chaotic times

 *Actual costs of all the major rehab categories: roofs, gutters, windows, drywall, kitchens, baths, and more…

In fact, everyone who ATTENDS (live or zoom) will get Jerry’s Property Inspection Form, and a rehab ‘cheat sheet’ of all costs of typical rehab items broken down by category! If you’re not there, don’t even ask: Jerry usually only releases this to people who’ve paid him a bunch of money for his services, and this is his special #CrisisBlessing for attendees only!

 Do we even need to say it? You need to be at the in-person meeting, or glued to your computer or tablet on June 21st for this…

 Live and Simulcast Main Meeting

Monday, June 21, 2021
 GREENVILLE HILTON (this month only)
45 W. Orchard Park Dr.
Greenville, SC
  29615

Pre-register !

Live networking at hotel 6-7pm
Zoom networking virtually 6:00-6:40pm
Meeting live and on Zoom 7-9pm

Huge ballroom, space for distancing, CDC food service guidelines,  etc

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ONLINE MEMBERSHIPS AVAILABLE NOW TOO!

Live out of the area? Can't attend in person?  Want to try us out first? Join as online member $25/mth or $75/qtr to participate on zoom only. Convert to full annual membership later. We know you will want to get involved in our RE investing "family of Upstate CREIA". 

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MEMBERS AND FAMILIES APPRECIATION PICNIC
Saturday, June 12, 2021 11:30am-3:00pm  Cleveland Park
FREE BUT YOU MUST PRE-REGISTER FOR A HEAD COUNT.

BBQ AND ALL THE FIXINS, FRESH AIR, LOTS OF NETWORKING THAT WE ALL NEED SO MUCH!  MAKE NEW FRIENDS AND POTENTIAL BUSINESS RELATIONSHIPS.

Pre-register

 

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