Renovation Gurus

Real Estate Investor Rehab and Residential Renovation and Remodeling

Tag: How To

Real Estate IQ – Residential Rehab Budget How-To

 

WHY RENOVATION GURUS?

“Just like a home, businesses also need a solid foundation in order to produce quality work. With honesty, consistency, affordability and integrity as the pillars of this company, we pride ourselves on offering clients superior renovation services. We are honored that you are considering us for handling your invaluable assets and will strive to uphold an unmatched level of work.”

– Renovation Gurus

 

 

2020 REI Group – DFW Investors meeting Tool Belt Session

Great place to learn and network…
2020 REI Group – DFW Investors meeting Tool Belt Session hosted by Renovation Guru’s Ron Carlson…
https://www.2020rei.com/ron-carlson-to-host-tool-belt-session-at-april-dfw-investors-meeting/

 

Ron Carlson, an experienced real estate investor and general contractor, will host the tool belt session at the April 9th DFW Investors monthly meeting.  This free session is just part of the three free sessions that are included at every monthly DFW Investors meeting along side free food and an open bar!    The tool belt session starts at 7:00 PM sharp!

What will you learn from Ron?

Have you ever wondered about the right process on how to remodel a home? Most investors do not know that if you remodel a property in the wrong order that both time and expenses will increase. This class is designed for investors who want to be more efficient while managing a rehab. You will learn what you should fix before you put that new roof on! Should you fix the interior first or the exterior first? Ron will be revealing some tips to working with the city or keeping the city from giving you a hard time will fixing your property. Are you pulling the right permits? Do you even know what permits to pull? As a BONUS there will be a teaching on the remodeling of Historic Homes. What should you look for when you are looking to buy a Historic House? Do you know the additional expenses of purchasing a Historic House?

Ron Carlson is the owner of Renovation Gurus, a turnkey solution for investors. As an investor himself he will be teaching this class from both the eyes of a Contractor and an Investor.

WHY RENOVATION GURUS?

“Just like a home, businesses also need a solid foundation in order to produce quality work. With honesty, consistency, affordability and integrity as the pillars of this company, we pride ourselves on offering clients superior renovation services. We are honored that you are considering us for handling your invaluable assets and will strive to uphold an unmatched level of work.”  Renovation Gurus

The founders of Renovation Gurus grew tired of contractors over pricing construction materials and not completing quality work in a timely manner. So, with over a decade of experience in home remodeling and investment real estate, they felt it time to bring all their resources together and open it to the public.  Renovation Gurus was founded to challenge the current “status quo” of other home remodeling companies. How? By offering a more affordable option for home owners to receive the highest quality of both property renovations and customer service.

So whether it is your personal home or investment property, let us here at Renovation Gurus bring our years of experience and discounts to help deliver an unbelievable finished product!

 

Real Estate IQ Seminar: Residential Rehab Budget

Real Estate IQ Seminar: Residential Rehab Budget, featuring Renovation Guru’s very own Ron Carlson.

Last chance for tickets, register here:

https://www.eventbrite.com/e/residential-rehab-budget-tickets-42205878920

Photograph of Ron Carlson

DESCRIPTION

Residential Rehab Budget is a course that aims to teach students how to create accurate rehab estimates so they will gain the confidence to negotiate with contractors, compare bids, and place accurate offers before competitors. Licensed Real Estate Agents and Experienced Investors lead students through a series of classes and key topics.

What should be included in a rehab project and how to price it

A critical part of the due diligence process is coming up with the repair budget. Contractors seldom help investors come up with a repair budget before an offer is placed. This class gives investors the basic knowledge in remodeling and pricing of residential rehabs. Students learn to determine the ‘After Repair Value of homes and how to accurately calculate repair costs.

Life happens in the bathroom and kitchen. A well-designed bathroom and kitchen will generously increase profits. This class also covers the basic cosmetics for interior and exterior such as painting and texture.

How to understand & control “The Big 5 Items”

The Big 5 Items in a rehab are: Foundation, Roof, Plumbing, HVAC and Electric. This class teaches students how to correctly inspect and analyze a home so they can determine repair budgets accurately and effectively. By understanding and having control over the “The Big 5”, investors will know enough to feel confident and secure with their offers.

How to compare bids & how they should be written

This class increases the Investor’s ability to do a rough rehab estimate while learning the basics of what to look for in a remodeling project. Students learn what should be included in a rehab project and how to price as well as comparing bids. They learn how to increase profit margins by having more control over the budget; and they will also learn how to create a budget that survives execution (Labor & Material + Mark Up).

Deal Flow System™
This class is part of the RIS Deal Flow System™. The system offers students the advantage to have exclusive tools in their investment business. “The 5 Minute Rehab Calculator” can increase productivity by consistently doing quality rehab budgets on homes, in less than 20 minutes. Instructors give in-depth tutorials on how to use the calculator so they can create accurate rehab budgets.

“The 5 Minute Rehab Calculator” is easy to use and understand. It includes an instructional video. This calculator is an excellent complement to this class. By learning how to correctly use the calculator, students can start creating repair budgets right away.

Class Agenda

6:00 PM – Students arrive, sign-in, and networking.

6:15 PM – Class starts. The class is designed in 2 segments of 50 minutes with a 10-minute break in the middle and a 10-minute Q&A at the end.

7:05 – 7:15 PM – Break

8:05 – 8:15 PM – Q&A with Instructor

8:15 PM – Product Demonstration & Networking

Product Demonstration or Networking

Classes are followed by a 10-20 min product demonstration of our proprietary technology used in The Deal Flow Process or you can select to participate in the networking event instead. This is our cutting edge tool that helps investors find discounted houses and rental income properties quicker than their competitors. Having the most accurate, up-to-date results, investors can hone in on exciting investment opportunities faster than anyone in the market. We believe business is get done through the right teams. We also provide alternative networking with instructors, vendors, investors and agents.

The 5 Minute Rehab Calculator

It allows you to do a rehab budget for a residential property in less than 20 minutes. The calculator is easy to use and understand.

This calculator includes several quick rule-of-thumb calculations. It quickly calculates The Big 5 Items: roof, foundation, HVAC, electric, and plumbing.

It includes all interior and exterior remodeling costing and all necessary formulas to calculate each line such as windows, doors, floors, walls, ceilings and appliances. It includes easy and detailed instructions after requiring a quick SF measurement on your part.

The calculator is easy to use and includes an instructional video.

RECEIVE FREE THE “5 MINUTE REHAB CALCULATOR”.

A $49.00 Value, FREE for attending this class

 

Your Hard Money Company & Contractor Working Together

By having the general contractor work with you so that when an inspector comes to see if the work has been done from the draw schedule, it makes getting paid a lot easier and keeps the job on track.

REI Classroom Lesson #382 features Ron Carlson of Renovation Gurus.  In this lesson Ron discusses why it is important to find a general contractor who understands how to work with hard money loans.  This lesson will help you keep a good draw schedule on your loan and get paid easier – all of which will keep your home renovation project on time and on budget.

The full lesson can be viewed here: https://flipnerd.com/show/hard-money-company-contractor-working-together/ 

382

Be Careful of Contractors (Part 1)…

REI Classroom lesson #394 features Renovation Guru’s founder Ron Carlson.  In it, Ron discusses how to find and work with general contractors including:

  • The general contractor’s business model.
  • How many crews the contractor has?
  • How staffed is the general contractor?
  • How good is their communication with you?
  • How far away from the project are they located?

Ron Carlson discusses why this information should be important and what red flags should warn you in the beginning.

Watch the full lesson here: https://flipnerd.com/show/careful-contractors-part-1/

 

 

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