Big Investor Club Real Estate Meetup - March 2018

Copy of the presentation given by Rae Dolan at the March 2018 Big Investor Club meetup in Katy, Texas surrounding the rehab of two recent flood homes in Houston she purchased as a real estate investment / buy & hold and a flood home in Cinco she plans to flip.

More info:

- Big Investor Club Meetup: https://www.meetup.com/real-estate-investing-club/events/
- Audrey Micah Investments: https://audreymicah.com
- AMI House Buyers: https://amihousebuyers.com

Transcript

1. BIG MEETUP Rae Dolan Audrey Micah Investments Instagram - @amihousebuyers Facebook - /AMIHouseBuyers
2. Rae Dolan • Recovering marketing firm CEO • 20 years in digital marketing • Given 100+ presentations at conferences across North America • Featured in Forbes, USA Today, Entrepreneur, Inc, and many more • Started real estate investing in 2017 • Three rentals with tenants • Three flooded homes in rehab • Real estate license pending • 2018 plans – Lead gen for agents, acquiring rentals, doing flips
3. Rae Dolan • Serial entrepreneur • Wife to Sean • Mom of four • Owner of many farm animals • Volunteer for KHS Girls Basketball
4. • Galvanized to PEX • Sheathing removal & replacement • Wood look tile • Granite counters in all rooms • Electrical overhaul • Mold Remediation & testing • Carpet in bedrooms • A/C replacement / TBD REHAB DETAILS
5. • Cash Price: $70,000 + closing costs • Rehab Estimate: $60,000 • Estimated Holding Costs: $5,750 • Pre-Harvey ARV: $170,000 • Estimated hold time: 4 to 5 months • Plan: Buy & Hold / 80% UPDATED NUMBERS
10. What do you mean we didn’t agree on a granite counter there?
11. What do you mean you want to put the tile in after the baseboards?
12. PROFIT OR LEARN IDEALLY - BOTH
14. ME OLD CONTRACTOR NEW CONTRACTOR
15. • Cash Price: $92,000 + closing costs • Rehab Estimate: $45,000 • Estimated Holding Costs: $5,400 • Pre-Harvey ARV: $180,000 • Estimated hold time: 3 to 4 months • Plan: Buy & Hold / 81% THE NUMBERS
16. • Already had PEX plumbing • Mold Clearance Certificate • Roof 3 Years / AC 3 Years / HWH • Double pane windows • Electrical overhaul • Wall & closet conversion • Wood look tile throughout • Granite counters in all rooms REHAB DETAILS
22. • Cash Price: $152,200 + closing costs • Rehab Estimate: $55,000 • Estimated Holding Costs: $9,000 • Pre-Harvey ARV: $276,000 • Estimated hold time: 3 to 4 months • Plan: Flip / 20K – 40K THE NUMBERS
23. SOLD 4/24/17 4 DOM
24. SOLD 1/08/18 23 DOM
25. • Mold remediation & testing • Iron spindles • Wood look tile throughout 1st floor • Carpet upstairs • Master shower extension • Remodeling all bathrooms • New fireplace • Granite counters in all rooms REHAB DETAILS
26. *not an actual photo of Alvin ALVIN BARKER 281-905-2414
27. Pine Mountain #1 | Pine Mountain #2 | Medallion Pointe MORE TO COME: Instagram - @amihousebuyers | Facebook - /AMIHouseBuyers 7-10 days 10-20 days 5-7 weeks
28. THANK YOU Rae Dolan Audrey Micah Investments Instagram - @amihousebuyers Facebook - /AMIHouseBuyers