This will be the most exhaustive/extensive rehab management boot camp I have ever heard of. Since starting full time in the summer of 2003, I have been involved in almost 600 real estate transactions/flips, with half of those needing some type of rehab. I have made every mistake possible, sometimes multiple times ….
I have experimented, been physically attacked (and won by the way), been sued, initiated lawsuits, lost houses to demolition (saw them demo the house on the spot), had warrant out for my arrest (because I didn’t secure the front door and mow the lawn), hired and fired hundreds of contractors, visited Home Depot thousands of times (it felt like it anyways). I have also kept the same electrician/plumber for almost 7 years. I’ve managed up
to 20 rehabs at the same time, convinced contractors to do up to 10 rehabs without getting a dime until the job in complete, hired a contractor without seeing them over the phone….it goes on and on.
All of this has led to me to where I am now…as of March 2010, I’m involved in the following:
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12/15 full time partners
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Average inventory of 40 properties worth $5 million dollars
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Average rehab is $61,000 per property
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Average rehab consists of over $12,000 in tile and granite alone
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5 active markets
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average profits ranges from $50,000 – $170,000 a month (that’s my split)
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Typical work day consists of 6 hours a day, 5 days a week, with 6-12 weeks of vacation
ITS MY AGENDA TO TEACH YOU EVERYTHING I KNOW SO THAT WE CAN
DO MORE DEALS TOGETHER!
There will be several instructors on my team teaching or assisting with me.
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Listen to Steve Cook and Bob Discuss the market and the boot camp
Items/Training to be covered
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Detailed training of each trade (i.e. roofs, windows,drywall, electrical, HVAC, plumbing, flooring (tile, carpet,wood floors), mold remediation, demolition etc.
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After each trade, there will question and answer session on that specific subject
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80% of the trade training will include team training with my current trade contractor (i.e. electrical training will be done with my electrician)
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2 days of continued practice/training on estimating repairs
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Scope of work management (how to do it quickly and effectively)
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Contractor communication
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How to find ideal contractors
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Development of management skills
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Handling of permits, municipalities
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Lien waivers
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Handling payments, draw schedules
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How to utilize market experts to do your scope of work and manage your contractors for FREE
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MOLD Remediation
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1099′s, w9
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Accounting, online management, including google docs and PB Wiki
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Flickr photo training, before and after pics, video uploads
Schedule (Subject to change slightly)
Thursday March 25th 8:30-5:30 (in the field training)
Friday March 26th 8:30-5:30 (in the field training)
Saturday March 27th 9:00-5:00 (class room training)