In my weekly podcast, you can listen in here, http://tinyurl.com/yfq5j7v, I shared a story of how a Club client had purchased a property and asked me to do a walk-through with him to validate his repair estimates.
I won't go into all of the details here, just listen to the 10 minute podcast. The bottom line however was that my estimate and his were off by $30K. Not an insubstantial amount of money. Wouldn't you agree?
Now, as an agent how many times have you had a real estate investor, most likely a relatively new real estate investor back out of a contract because they under estimated their repair costs? I'll bet this has happened to you at least once in the past year.
I realize that it is not your job to teach your investor buyers what repairs are needed and their estimated costs... but what if you could direct them to a place where they could learn in a hands-on environment how successful real estate investors not only estimate their repair costs but also how they manage their contractors and vendors profitably?
Just think... how much easier and profitable your life could become if you could recommend to your real estate investor clients a place to learn this critically important information.
Would this have value to you in your business and in the business of your clients? You bet it would!
If you have real estate investor clients in the Baltimore Region, then I would like to recommend our Rehabbers Lab as a way of helping your clients to become better investors.
The Rehabbers Lab is a one day bus tour. We fill a bus with current clients and non-clients (seating is limited for non-clients) and then go out and tour 5 properties to see how successful investors do it. Everything about every project will be shared. Purchase price, repair estimates (your clients will be guided in preparing their own estimates for comparison to the "real' numbers), design issues/challenges, how to effectively manage contractors, and of course the anticipate profits.
As I mentioned... seating is limited for non-Club members, however there are 9 seats available as of this post. The cost is just $97.00 and that includes the bus and lunch.
To sign up just have your clients go to http://www.rehabberslab.com/main.asp. It is that simple.
Hey... why don't you join your clients... what a perfect way to move your relationship to the next level.
I hope to see you and your clients at this event.
Pete
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