Real Market Experts

In this webinar Ron Quatkemeyer of the Cincinnati franchise goes over the "ins" and "outs" of buying new construction homes.  As a builder for 25 years Ron has the experience and knowledge to guide you through the development process. 

Many people believe that a "purchase is a purchase" in that all purchases of real estate happen much the same way and with similar purchase contracts.  Ron explains how builder contracts are different and what to look out for.  Also covered are the types of financing available for new construction and the benefits of each.

This week's webinar - new construction.

This webinar delves deeper into rehab costs.  Jerry Norton, a rehab professional in Pontiac, MI, shares his secrets for the "15 minute rehab estimate" with members of Nouveau Riche.  Jerry covers how to estimate costs for each item of a rehab project quickly and accurately.  Using photos of some of his work and tips he uses every day you'll gain insight into the rehab process no matter your experience level. 

All aspects are covered from complete exterior to interior plumbing, electric, kitchen, bath, etc.  Please note that actual prices for materials and labor are shown on this webinar.  These prices reflect the Pontiac, MI market and should be adjusted for your market area.  The attached spreadsheet uses the same numbers.  ADJUST THESE TO FIT YOUR AREA!  Once you've done that you should only need to make adjustments as prices change.

This week’s webinar can be viewed at - how to estimate rehab costs. 

To download the spreadsheet used in this webinar click below.

Spreadsheet format - rehab checklist

Printable format - rehab checklist printable

The presenter for this webinar is Lance Dehning, one of the most popular instructors with Nouveau Riche. Here, Lance shows some of the tricks of the trade, what to look for (and look out for), and offers some valuable advice for those interested in rehabbing properties.  Also shown are some properties that the Denver team has worked on and were available as turn-key investments at the time of the original airing of this webinar.

Key topics covered are what to look for in a potential rehab, what renovations pay the most, where to source materials, and more.  Lance also offers some simple tips that most people never think of that can greatly improve the potential of your rehab property.

This week’s webinar can be seen at - how to rehab properties.

In this webinar, Chris Littleton of the Atlanta franchise delves into his team’s experiences with REO properties (real estate owned by the banks) vs. short sales.  Short sales are potential sales by the owner of a property whereby the sale price will not cover the amount owed on that property.  In effect, the seller (and buyer) is asking the lender to "short" the loan - i.e. accept less than the amount owed on the loan as full payment.  REO properties are those properties already foreclosed by the bank and now owned outright by the same.  

Chris explains the differences between the two, how they approach both, and why one is generally easier to work through to a successful purchase than the other. 

See Chris and Donna Littleton's presentation at  - REOs vs. Short Sales.

This, our first webinar, is a review of how The Real Market Experts® looks at residential rental property in general.  The subject in this case is Buckeye, AZ, a western suburb of the Phoenix metropolitan area.  To arrive at Buckeye, we looked up newer properties for sale in the Phoenix metro area that are selling for less than $100,000.  To define "newer" we chose an arbitrary build date of 2005 or later, which is really nearly brand new in regards to houses.  We further limited our search to homes 1,800 sq ft. or bigger as we expected a substantial number of properties in our results.

It is this search, along with the resulting analysis of a "found" property with investment potential, that is the subject of this first RME webinar. 

Speaker - Irvin Wilson, Scottsdale, AZ.   -  Analyzing Investment Properties.