Re: “….and then the whole building started to shake.”
I spent a few minutes in front of the office yesterday finishing a telephone call and thought to myself, “I need to invite everyone out to WREIA this month, and you all might enjoy seeing what happened just a couple yards below my office at the same time. So let’s make a video and get it up on Youtube.”
The thought that went through my head was “This is a good example of what it’s like to be in real estate today. You just never know what is going to happen, and being prepared for the unexpected is great advice, especially for someone getting started or who is still early in their career.”
My building manager had an exciting day finding a company to board up the front door, and had a heck of a time getting a structural engineer to quickly inspect the building and make sure it was still structurally intact. Since my office is literally a few feet above the front door, I was happy to hear everything was safe.
Renovators know what it’s like to have something unexpected happen in the middle of a project. Additional inspections can ruin the best construction schedule, and unexpected “Harry Homeowner” wiring jobs can mess with the best electrical bid estimates once they open up and see whats behind a wall.
This month at our Feb. WREIA meeting we will have a special panel of renovators who have been working “in the real world” for years.
The collective experience of this group would take you years to find out there in the real world. This group is simply not the type that usually gets in front of groups to talk about renovations. They simply get busy and finish projects.
It’s a great opportunity for you to learn from some real go-getters and you will also have a chance to ask some questions like:
- Where would you suggest finding good deals if you were getting started today?
- How much time do you plan to flip a property in our area?
- How much money, at a minimum, do you want to make on a deal?
- Where do you get your materials for your jobs?
- Do you have partners and if so, how do you structure the contracts and split profits?
Washington REIA Network, President
Profitable Property, Founder
P.S. The Rehab Immersion Class we announced at WREIA last month will start soon. We have found our subject property and are about to start the renovation process. There are now only two (2) open spots for you and a partner. Space is limited to 12 students. If you are looking for an intimate and hands-on setting to learn the details of the renovation process – this is perfect for you. Don’t miss this chance to get some real-world experience. If you are interested in joining us and claiming the last open spots, simply call the office and let us know.