Who needs to know rehabbing?  You do!  Because virtually everyone in the real estate business needs to understand the fundamentals of fixing up a property.

Wholesalers need to know what rehabbers do, in order to get a house under contract at a price where both parties make money.

Buy-and-hold investors need to know rehabbing, because most of the properties you buy will need a rehab — and today’s renters are fussier than ever.

And of course, rehabbers themselves need to know what they’re doing.  Because the paydays can be big, but so are the risks.

Local rehabber David Page will share his expertise with you — knowledge earned at a huge expense in time and money — so you can get up to speed fast for a modest amount of money.

David has been rehabbing exclusively in the Baltimore area for several years.  With more than 40 rehabs under his belt — from row houses to detached houses, in the city and county — David has been there, done that, and bought the sump pump.  

Special guest Rhyan Gamet is a general contractor who has done everything from cosmetic to full-gut rehabs.  She’ll show you how to do a quick ballpark estimate so you can come up with an offer — before someone else gets the deal!

Here’s what we’ll explore

• Why you may want to rehab: expected paydays… a bad reason to rehab… a bonus reason
  
  
• Tough love: the truth about rehabbing… the risks… the ups and downs… it’s a job (a well-paying job if you do it right) 
  
  
• Where to rehab — including the single biggest mistake newbies make
  
  
• What kinds of houses to rehab, and what kinds to avoid — hint: you want a house that has “the right things wrong with it”
  
  
• How to work with contractors — and what to do when you find yourself working against a contractor — from hiring to firing
  
  
• The scope of work — how much detail do you need?
  
  
• The draw schedule — how much to pay and when — including when not to pay
  
  
• Contractor’s lien release and warranty
  
  
• Being your own general contractor — advantages and disadvantages — are you ready for it?
  
  
• What insurance you need, and what contractors need
  
  
• Licensing: who needs it?
  
  
• Permits: where and when do you need ’em?
  
  
• Estimating rehab costs — the second biggest area where newbies make mistakes — why you must be able to do it fast
  
  
• What to do in your rehab — what not to do — where to spend your money — whose opinion matters — with plenty of photos to show you exactly what sells
  
  
• Crunching the numbers: the quick formula vs. the long way
  
  
• To stage or not to stage
  
  
• Dealing with the buyer’s inspection addendum
  
  
• Finding deals, funding deals, and choosing a business entity.  The primary emphasis on this class is the rehab itself, but we will address these other areas.