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The (Necessary) Art of Estimating Rehab Costs Right with Jerry Fink

with... Jerry Fink

Long time GCREIA member and super-experienced housing provider/rehabber Jerry Fink will share his approach to successful rehab estimation. This will be a COMBINED live meeting/Zoom meeting!

Wednesday, April 14, 2021 7:00 PM - 9:00 PM
Virtual ONLINE Event

1.50

OPHP Credits
What is OPHP

COMBINED LIVE/ZOOM MEETING!

In any market, estimating rehab costs is an important skill.

         In a hot market, you might get away with being a bit sloppy, because the market appreciation will cover (at least some) of your mistakes.

         But in a cold market (and it is coming, and usually happens FAST), it’s a CRUCIAL skill, because you don’t have rising house prices and desperate buyers to save you from your mistakes.

         We ALL have to have this skill if we want to make good offers and good deals: retailers, of course, but also wholesalers, landlords, even note buyers and private lenders, have to have a keen understanding of the cost to bring their properties (or their buyer’s properties, or their security) into good condition.

 

         At this meeting, super-experienced Housing Provider (as in, bought his first rental in 1980) / Retailer (as in, has managed well over 225 rehabs, including a 120 unit apartment building) Jerry Fink will share:

  • The steps to tackling the rehab estimation process: what to do BEFORE you make an offer, how to write an offer so you can get out of it if you’re wrong, and what to do AFTER the offer is accepted to make sure you got it right before you close

 

  • The differences between estimating costs on a rental vs. a bread-and-butter rehab vs. a move-up rehab (they can be as much as 50%, no kidding)

 

  • Why you ALWAYS assume that you, or your buyer, or your borrower, will hire professionals and pull permits, even if that’s not what you’d do

 

  • How to stay on top of rehab costs as they change, as they always do in chaotic times

 

  • Actual costs of all the major rehab categories: roofs, gutters, windows, drywall, kitchens, baths, and more…

In fact, everyone who ATTENDS will get a rehab ‘cheat sheet’ of all costs of typical rehab items broken down by category! If you’re not there, don’t even ask: Jerry usually only releases this to people who’ve paid him a bunch of money for his services, and this is his special #CrisisBlessing for attendees only!

We will be doing a LIVE/ZOOM meeting for this event! You choose: join us at the USW Union Hall, 501 Kelly Ave, Akron OR join by Zoom. 

If you attend live, we'll ask you to wear your mask, and utilize the seating as it is arranged when you arrive, to meet the governor's requirements.


Members:
Free
Non-Members:
$20.00
Print a FREE Guest Pass

Never been to a meeting before? First Time Guests can attend their first meeting for Free with a complimentary Guest Pass.


Date:  Wednesday, April 14, 2021
Time:  7:00 PM - 9:00 PM


OPHP Credits:
Rehab - Classroom (1.50 hours)
What is an OPHP Credit?

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