I often make fun of the renovations that are done on TV shows.  Most of the time there is nothing but fluff, drama and very little take-away knowledge when it comes to street level renovations.

That said – the Property Brothers, Jonathan and Drew Scott usually give some good solid advice.

If you have a few moments, here is an extended interview with both brothers in which they tackle a few good questions, and also give some good advice on not over-renovating.

“Understanding value and knowing how to do things right” is a great mantra on which to build your renovation business.

If you are into renovations, don’t forget – the second WREIA meeting of 2018 is kicking off Monday, February 12th, in Bethesda.

Here are some quick details –

The Feb. topic is ” Tips From The Pro’s – Fix and Flip Renovation Panel “

• How each member of our panel got started & where their rehabbing business is today
• How they find deals & quickly analyze a deal and make a buying decision
• How they fund deals
• Kinds of houses they like to buy and those they try to avoid
• Where to buy and where not to buy
• How to set your business up for the best chance of success
• Have them answer your questions and much more!

Join us as we talk about renovations in the DC area.

Join us and meet real people doing real deals in real estate – right here in the DC/Baltimore area.

Reserve your seat at this link.

Have a great day, and I hope to see you next Monday on Feb. 12th!

John Peterson
Founder, Washington Real Estate Investors Association

Former MLB all-star A-Rod breaks down a new $10 million investment from CNBC.

Alex Rodriguez has built a large portfolio of real estate investments.
He spoke recently at an investor conference on multifamily housing.
Here are his takeaways for investing in real estate in 2018.

“On the overall housing front, there’s some softening in the higher end of Class A (high-end) rentals, so again, don’t bet on quality alone but look for under served areas with high concentrations of middle-class workers. ”

If you want to learn from a panel of professionals who make a living from the renovation game, IN THE DC AREA, join us at our WREIA meeting this month.

The second WREIA meeting of 2018 is this Monday, February 12th, in Bethesda.

Here are some quick details –

The Feb. topic is ” Tips From The Pro’s – Fix and Flip Renovation Panel ”

Join us and learn:

• How each of our panel got started & where their rehabbing business is today
• How they find their deals & quickly analyze a deal and make a buying decision
• How they fund their deals
• Kinds of houses they like to buy and those they try to avoid
• Where to buy and where not to buy
• How to set your business up for the best chance of success
• Have them answers to your questions and much more!

Join us as we talk about renovations in the DC area and meet real people doing real deals in real estate – right here in our area.

Reserve your seat at this link.

Have a great day, and I hope to see you on Feb. 12th!

John Peterson
Founder, Washington Real Estate Investors Association

Mortgages applications up 4.1% for the week from CNBC.

Following up on the short video we posted yesterday – let’s talk financing the house in College Park.

You can reserve a seat for the January 15th WREIA meeting at this link.

LIVE – WREIA Jan. 15th 2018

“Top 10 Tips for Real Estate Investing Success in 2018”

Womans Club Of Bethesda | 5500 Sonoma Road | Bethesda MD

Monday, January 15, 2018 from 6:30 PM to 9:00 PM (EST)

Follow us on Facebook at https://www.facebook.com/ProfitableProperty/

Catch the latest videos and announcements on our Youtube channel at https://www.youtube.com/ProfitableProperty

P.S. Despite leaving in the middle of the night, Jack made it back to college safely and without any travel or weather-related issues.

We were putting a few final touches on a house in College Park on Wednesday and did a quick video to tell you about the first WREIA meeting of 2018.

You can reserve a seat for the January 15th WREIA meeting at this link.

LIVE – WREIA Jan. 15th 2018

“Top 10 Tips for Real Estate Investing Success in 2018”

Womans Club Of Bethesda | 5500 Sonoma Road | Bethesda MD

Monday, January 15, 2018 from 6:30 PM to 9:00 PM (EST)

Follow us on Facebook at https://www.facebook.com/ProfitableProperty/

Catch the latest videos and announcements at https://www.youtube.com/ProfitableProperty

Re: Three Trends in 2018

There are three macro trends coming together in 2018 that are likely to make this year one of the best of your career.

Let’s get to it.

1. Millennials – reports are that Millennials will make up as much as 40 percent or more of the buyer pool by the end of the year. Their paychecks are getting bigger and they are starting to look for larger homes. They are also starting to look into the suburbs vs. their downtown living to date.

2. Born between the 1995 and 2001, Gen Z’s are starting to exit college and they are entering the market. These folks have highly individualized tastes, so don’t be surprised when you start to see “different” trends enter the housing market. Tiny Homes for instance? Or how about highly automated homes? This market is packed with early adopters who have grown up around technology their entire lives.

3. The foreclosure crowd from 2008-2012 is re-entering the market. They may be taking a step back, but with their strong desire to be homeowners again, they are going to be cautious and will value getting a good deal.

We are already in a tight real estate market with slower volume and higher prices. It’s competitive for sure, but it’s also time to be realistic. Each of these market makers listed above brings a very different need to the market.

When you are considering buying a house to flip, or rent, keep in mind who the end user will be. If the house needs renovation, considering spending a few extra dollars on some automated or smart lighting. You can find an extensive list of smart bulbs that are available to use with the Amazon Alexa and a short list of switches at this link.

Oh, and don’t forget – the first WREIA meeting of 2018 is kicking off on Monday, January 15th, in Bethesda.

Join us as we talk about the “Top 10 Tips for Real Estate Investing Success in 2018”. Whether you need an extra 2k a month, or a blast of 30k from a flip, you are going to find gold at our 2018 January WREIA Kickoff meeting.

Reserve your seat at this link.

Enjoy the snow days while we have ’em! It’s a great time to get caught up on paperwork, taxes, planning and goal setting or just some good old-fashioned relaxing with a cup of hot chocolate.

John Peterson
Founder, Washington Real Estate Investors Association

Older, wealthier Americans are the new renters from CNBC.

• The number of higher-income rental households has doubled in the last decade.
• High-income households drove nearly 30 percent of rental growth over the last decade.
• Today’s older Americans want flexibility to follow their children and grandchildren.