Real World Participation-Training™

Buy, Renovate, Resale Fundamentals Session 101

Course (Participation-Training™ Session) Description

This session introduces students to the fundamentals of the real estate investment process. Students are exposed to all the various aspects of a basic deal. No advanced techniques will be necessary for this type of transaction. A basic deal such as this will include the locating, negotiating, closing, renovating, and reselling of a property. Students will get to work along with the licensed professionals involved with their relevant aspect of the transaction.

The instructor team will include, the real estate agent-analyst™, the appraiser, the mortgage lender, the title agent, the construction contractor, and the business tax consultant. Each professional will instruct on the aspect of the transaction that relates to his or her expertise. Students will learn from highly skilled professionals working on a real deal in real time.

Highly Recommended for the individual with limited real estate investment  experience.

Topics and Objectives

Preparing for Success - Concepts & Planning

·         Explain the psychological principles of success

·         Complete their Strategic Real Estate Investment Plan™

·         Orientation to the Real Smart Investor, Learning Management System

·         Introduction to “Instructors Team of Licensed Professionals”

Locating the Right Deal

·         Understanding Property types

·         Becoming an expert in your “market” area or “niche”

·         Maximizing the Internet to search for properties

·         Winnowing the properties to the most profitable

Pre-purchase Considerations

·         Working with Owners and Agents

·         Deal Analysis and Forms to Use

·         Negotiating Price and Terms

·         Writing the Contract

·         Obtaining the Best Financing

The Escrow Process

·         Working with your “team” of licensed professionals

·         The mortgage lending process                       

·         The title closing process

·         The actual closing

o   Understanding the HUD-1              

o   Understanding the Appraisal

o   Understanding the 1003

Ownership and the Renovation Process

·         Vetting the renovation contract

·         Anticipating your “buyer’s” needs and wants

·         Resell marketing

·         Negotiating from a position of strength

Contract to Closing       

·         Preparing for the closing    

·         Coordinating your “team” of professionals

·         The actual closing         

o   Understanding the HUD-1

·         Tax Considerations