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The Armchair Rehab. Do Multiple Rehabs with:. No Money No Management No Risk No Construction Profit at the Beginning of the Deal Profit at the End of the Deal. What We Will Cover. Armchair Rehab Procedure Agreements / Contracts Problems / Solutions Strategies. Traditional Rehab.
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The Armchair Rehab Do Multiple Rehabs with: No Money No Management No Risk No Construction Profit at the Beginning of the Deal Profit at the End of the Deal
What We Will Cover • Armchair Rehab Procedure • Agreements / Contracts • Problems / Solutions • Strategies
Traditional Rehab • Budgeting • Risk • Contractors • Time!!!
The Armchair Rehab Procedure • Marketing for Deal • Find Contractor / Investor • Closing 1 • Follow Up • Exit Marketing • Closing 2
Marketing The Deal • Same Way • Marketing • Internet • Networking
Contractor / Investor • Used to Rehabbing for Retail • Is Licensed or has a Licensed Crew • Used to Doing Retail Rehabs Unsupervised • Accustom to Investing
How to Find Contractor / Investor • REIA Club • Hardmoney Lenders • Realtor
Why Work With You • Hard Time Finding Deals • Skin in the Game • Retail it Fast • Efficiency
Closing 1 • Wholesale Fee • Option to Buy • Record the Contract
Follow Up w/ Contractor • On Time & on Budget • Sticking to the Agreement • Maintaining Relationship w/ Contractor
Exit Marketing • Marketing for Primary and Secondary Strategy • Same Techniques • Timing
Closing 2 • Get Sales Contract • Disbursement of Funds Letter • Execute the Closing
Agreements / Contracts • Contract to Sell, Buy • Option to Buy • Letter of Understanding • Disbursement of Funds Letter
Problems / Solutions • Bank won’t accept Disbursement of Funds Letter • Contractor tries to sell with out you knowing • Cant find a buyer
Strategies • Closing 1 at Discounted Fee • Create a Business • Buy Fix Sell, Buy Fix Rent ReFi