Fix and Flip Day 1

Complex processes and decisions are made clear with this guide to purchasing a property, making improvements, and selling.

22
Hrs
Mins
Secs
5
13
26
SEGMENTS DURATION
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Instructor Profile

Jason Andrus

Jason is an entrepreneur, top-producing salesman, real estate investor, property inspector, small business consultant, motivational speaker, radio host, property manager, family man, lover of all-things Idaho, popcorn, and sushi. Jason has been involved in small business and salesmanship since a youth in his family's trucking company and coal and grain delivery business. Professionally, he has been a top-producer in sales in many real estate related industries, from mortgage loan origination to real estate investing education. He has been buying and selling real estate for his own investment purposes for over 15 years and been involved in well over 1000 inspections and more than 100 real estate transactions--most of which were profitable! Surviving the shut down of the mortgage lending industry and the impact of the economy on the real estate market, he has come out leaner but not meaner. He uses his experience, education, and empathy to coach individuals to be smarter with their real estate investments, small business strategies. Jason uses awareness of his business cycle to maximize time with his family, serving with the youth at church, and coaching T-ball—keeping the priorities of small business ownership in check. He is beyond proud of his growing and busy family of 4 and his bride, and business partner, of 20 years.

Fix and Flip Day 1 Course Description

Timing is pivotal in the Fix & Flip strategy. Learn how to analyze the ideal target property, then identify the specific steps that will be required during the Fix & Flip process for that property to achieve the highest success and massive profits. Decide which tasks to undertake personally when doing a Fix & Flip, and when and how other tasks should be delegated to sub-contractors and team members. Learn the specific “how-to’s” that generate on-time project completion and profitable margins. We will review the acquisition, repair, escrow, and marketing processes, in addition to detailed property evaluation strategies which allow you to estimate repairs accurately the first time. Find and recruit with the best people for your team and learn effective strategies in positioning your investment property for sale. Make sure you know the target market of your property, and the attributes that will make that property valuable in that area.

  • 1

    Pre-Assessment

    This Pre-Assessment is to raise awareness of your current knowledge level and give you a glimpse of the information covered in this course.

  • 2

    INTRODUCTION

    This two-day class on the fix and flip strategy in real estate investment is instructed by Jason Andrus, a successful real estate investor with real-world experiences and success.

  • 3

    WHY FIX AND FLIP?

    Understand the concept of "fix and flip" in real estate, which generally refers to repairing a property and selling it for profit, with several variations of methods and exit strategies.

  • Show all 22 segments

    • 4

      FINDING THE DEAL

      The segment is a detailed guide on finding successful real estate deals by using diverse methods, being proactive in personal research, and developing relationships with relevant professionals.

    • 5

      MOTIVATED SELLERS

      Know the different scenarios and challenges where people might need quick property sales and the potential opportunities to use real estate investing to help them.

    • 6

      SCENARIOS 1 AND 2

      Jason elaborates on two real estate projects he undertook, the tools he used, the speedy investment returns, and the importance of communicating with all parties involved in a deal.

    • 7

      SCENARIO 3 - Finding The Deal

      Jason details his experience in dealing with probate properties and the importance of rental properties providing a buffer during financial or economic hardship.

    • 8

      EVALUATING A PROPERTY

      Never underestimate the importance of properly evaluating a property and estimating the costs of rehab. Know the red flags, the different rehab levels and their costs, and the resources you’ll need.

    • 9

      INTERIOR REPAIR COSTS

      Learn how to estimate repair costs related to interior remodeling projects, specifically focusing on kitchen and bathroom areas.

    • 10

      EXTERIOR REPAIR COSTS

      Know your budget estimates for various exterior home repairs, including roofing, window replacement, siding repairs, and landscaping.

    • 11

      REAL DEAL EXAMPLES

      Experience estimating the cost of a house refurbishment, factoring in research and getting to know the costs in your area to make accurate estimates.

    • 12

      INSPECTION STRATEGY

      Jason explains the importance of carrying out a thorough inspection before buying a property and using it as a crucial negotiation tool during the buying process.

    • 13

      ANALYZING THE NUMBERS

      Get golden tips on calculating and understanding real estate investment numbers, understanding after-repair value (ARV), accurately estimating costs and funding options.

    • 14

      HIDDEN COSTS AND MAO

      What are the hidden costs, permits, surprise repairs, and market shifts that may pop up. Master quick decision-making and know your MAO to maintain profit margins and manage risks.

    • 15

      HOW PRIVATE MONEY WORKS

      Know how to calculate the potential profitability of real estate investments, utilize private money lenders, and work consistently with these lenders.

    • 16

      BUILDING CREDIBILITY

      Build trust and maintain a clear and constant line of communication with lenders so they feel secure and confident to continue the investment partnership.

    • 17

      BUILDING CREDIBILITY PART 2

      Financially stable individuals often appreciate the courage of those who approach them to share lending opportunities with honesty and transparency about their business intentions.

    • 18

      NEGOTIATING AND FINDING LENDERS

      Learn the strategy of leveraging private money lenders to fund real estate deals, focusing on the structure deal and communications to negotiate good terms for both parties.

    • 19

      PRIVATE LENDING SCRIPTS

      Jason provides in-depth advice on securing funding for real estate deals including how to succinctly explain project details and potential challenges, and examples of effective pitch scripts for potential investors.

    • 20

      PRIVATE LENDING EXAMPLE

      Create a credibility sheet using partners, systems, and full transparency so you can structure deals with lenders and create lasting business relationships.

    • 21

      DOCUMENT REVIEW

      Real estate investing requires research and Jason has provided documents to help students track properties, repairs, estimates, results, and more.

    • 22

      Post-Assessment

      This Post-Assessment is to measure your increased knowledge and see how much information you have retained from the course.

  • 22

    Post-Assessment

    This Post-Assessment is to measure your increased knowledge and see how much information you have retained from the course.