Fix and Flip Day 2

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

25
Hrs
Mins
Secs
5
14
10
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 2 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

    Q&A AND CURRENT FLIP EXAMPLE

    Learn how to handle discrepancies between county records and actual property details, strategies for buying, rehabbing, and selling properties during winter, and focusing on affordable housing for better success.

  • 3

    APPRAISAL ADJUSTMENTS

    Understand how appraisers make value adjustments based on property and market conditions. Consider profitability versus salability when making improvements.

  • Show all 25 segments

    • 4

      PURCHASING THE DEAL

      The video explains the key steps in purchasing a property, from knowing your numbers to maintaining clear communication; everything you need to keep in mind to close deals successfully.

    • 5

      DUE DILIGENCE AND PREPARING FOR CLOSING

      Thorough due diligence can make or break a deal. Know the typical methods (and a learn a few unusual tips from our instructor) to use inspection findings in negotiating the final terms.

    • 6

      CLOSING THE DEAL

      Always secure a property immediately after closing by changing locks, then get a quick start on the rehab plan and maintain strict timelines to protect profits.

    • 7

      FOUNDATIONS AND ELECTRICAL

      Understand how to handle foundation and electrical issues in older homes, including repair strategies for failing foundations and practical solutions for outdated wiring.

    • 8

      BUILDING YOUR TEAM PART 1

      A strong, investor-minded team, including real estate agents, contractors, subcontractors, title companies, and closing attorneys will minimize your risk and ensure smoother transactions.

    • 9

      BUILDING YOUR TEAM PART 2

      Private money lenders and hard money lenders are helpful in funding deals quickly. Build relationships with them, as well as insurance agents, CPAs, bookkeepers, and property inspectors.

    • 10

      CONTRACTOR INTERVIEWS AND RED FLAGS

      Properly interview and vet contractors by asking key questions about experience, licensing, insurance, references, timelines, and communication practices.

    • 11

      CONTRACTOR PAYMENT

      Know the best practices for contractor payment structures, including limiting upfront payments, using project milestones, scopes of work, and progress inspections before each draw.

    • 12

      WORKING WITH YOUR AGENT

      You can work effectively with a real estate agent to maximize ROI by choosing an investor-friendly agent and creating a clear marketing and pricing strategy.

    • 13

      PROJECT MANAGEMENT

      Manage a rehab project effectively by using a structured timeline for tasks and anticipating delays from permits, inspections, and material shortages.

    • 14

      MATERIAL CHOICES

      Choose high-ROI material upgrades and avoid over-spending by focusing on neutral paint colors, modern lighting, durable flooring, and mid-grade carpet to appeal to buyers.

    • 15

      MAXIMUM ROI

      Master the art of where to save and where to spend during a flip. Be able to compare quick cosmetic flips with full gut rehabs to choose the right approach for each property.

    • 16

      APPRAISAL AND INSPECTION AS SELLER

      These familiar processes are utilized differently when you’re the seller. Consider a pre-listing inspection to identify and fix issues, and use appraisal packets to set clear expectations with buyers and agents.

    • 17

      WHEN TO LIST EARLY

      Listing a property during the final phase of rehab may reduce holding costs and build early interest but waiting until after full completion for the best photos may get stronger offers.

    • 18

      LISTING TIPS

      Make the most of your listing with an investor-friendly agent, professional photos, and strategic pricing to create urgency and attract multiple offers.

    • 19

      BUYER PSYCHOLOGY AND CASE STUDIES

      Buyers look for move-in readiness, clean modern finishes, logical layouts, and strong curb appeal. Jason also covers handling common buyer objections, warranties, and quick fixes.

    • 20

      TOP 5 MISTAKES TO AVOID

      The video discusses common mistakes in real estate investing, such as underestimating rehab costs, paying contractors ahead of milestones, and misjudging ARV.

    • 21

      PROTECT YOURSELF FROM RISK

      Title protection and insurance through reputable, investor-friendly companies add essential protections for your deals and minimize risk of loss.

    • 22

      IF IT DOESNT SELL

      Jason explains strategies for handling a property that doesn’t sell, including alternative exit strategies as well as making changes and re-listing

    • 23

      MINDSET FOR SUCCESS

      This segment recaps key real estate investing strategies and mindset principles (such as persistence, positivity, and creative problem-solving) for success.

    • 24

      FINAL Q&A

      Jason addresses questions about contractor licenses and insurance, using the DRIVE System for better communication and negotiation, and building confidence through education and networking.

    • 25

      Post-Assessment

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

  • 25

    Post-Assessment

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