Thursday, October 5th:
How to Estimate Repair Costs FAST and RIGHT, plus
How to Run Your Real Estate Business Like a Real Business!
7:30-9:00 Main Meeting: Get Repairs Right!
Unless you know how to accurately estimate repair costs, you can’t make smart offers. And when you know how to do it FAST, you’ll save valuable time, make more offers, and get more deals. If you're going to make good offers, you'd better get good at Estimating Repair Costs. The accuracy of your equations, the profit in your deals, and the cost benefit of taking on a project all hinge on your ability to Estimate Repairs Quickly and Accurately.
Mike Jacka is a long-time retailer and experienced wholesaler who’s developed a system for repair estimation for his own business that’s so easy that even his non-rehabber assistants can use it, and he’ll share it with us at this meeting.
At this training we will learn what are:
The process is simple, once you understand how to break it down into what you need to look at and what you don't need to spend much time inspecting.
At this training we will learn what are:
• Major Components
• Minor or Miscellaneous Components
• How to assign values to each category
• And the individual items within the categories
Mike will walk you step by step through his process of looking at an making an initial repair estimate on a potential deal, and show you how he does this in 15-20 minutes so you can quickly calculate your MAO (Maximum Allowable Offer) for cash deals.
But Wait, There's More;
6:00-7:00
How to "E-Myth" Your Real Estate Business with Brady Melton
Let’s face it: most real estate entrepreneurs have really highly paid jobs, NOT businesses. As long as you have to be the one to do every task and make every decision, you severely limit your free time, your potential income, and your life-work balance.
So how do you change? You start thinking like a business owner (with systems, checklists, and people to help you run them) instead of a hands-on (wholesaler, retailer, landlord, whatever). Investor and past REIAGC board member Brady Melton will share his ongoing journey toward the goal of having a real business at this 6 p.m. meeting.
So here's the full agenda:
5:30 Free light dinner
6:00 How to Run Your Business Like a Business
7:00 Buy-Sell-Trade
Elections
OREIA convention giveaway
Guest orientation
7:30 How to estimate repairs fast and right
9:00 "Meeting after the meeting" at Tokyo restaurant
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