The warm color scheme we used on this house really came through beautifully. Once the house was lightly staged with furniture, we put air fresheners throughout the house and listed it on the market. We accepted a full-price offer after five days on the MLS! The water table is high in this community. Therefore, we had to install a new drain tile for proper drainage, which was the main expense that we hadn’t originally anticipated. Other than that, this property was a terrific buy-fix-sell, and Rebecca’s choices is what really put this house over the top! Here are some of the SKU’s we used: Material list (Interior): Wall and Ceiling Color – Aged Beige (Behr PPU 7-9) Trim Color – Riviera Beach (Behr PPU 7-7m) Door Color – Rolling Pebble (Behr PPU 7-23) Flooring – Hampton Bay High-Gloss Natural Palm (822-042) Carpet – Arabesque (1000-019-537) Interior Doors – Jeldwen Continental-Style (729-608) Living Room Light – 13” Bronze 2-Light Flushmount Twin-Pack (790-545) Dining Room Chandelier – 3-Light Bronze Riverside by Progress (661-224) Baseboards – Pro-Pack of 7/16″x3″x12′ (143-210) Material list (Exterior): Base – Garden Wall (Behr PP 730D-4) Trim – Cornerstone (Behr PP 330E-2) Accent – Intellectual (Behr PP UL260-2) Front Door – Roasted Pepper (Behr PP 180D-7) Door Handle – Kwikset Smartkey (754-825) ...
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Phase One – Grant Park: Atlanta GA We’re very excited to present our first post for each of our of six Atlanta-area houses. They are all in the beginning stages of rehab. We have multiple jobs starting right now. I have done well over 200 flips and continue to do more. First, I want to discuss my favorite house of all time. A Historical Victorian House located in Grant Park in Atlanta. In a previous post, we discussed “The 8 Phases of the Flip”. Today, let’s discuss Phase 1 and 2 for the historical Victorian house. Since this is a historical rehab, there is plenty of “red tape” I want to tie-in to the second phase. PHASE 1: Project Overview – Size – 3 story, Main 2 floors over 3000 sq ft with additional 600 sq ft in usable attic. As it sits now, 4 bedroom, 5 bathroom house. Master suite includes private sitting room, 10×10 balcony overlooking historical Grant Park along with 2 original fireplaces in the sitting room and the master bedroom. The house has a formal living room, study, and dining room on the lower level. Location – As they say in real estate, “LOCATION, LOCATION, LOCATION!” This is a prime example of that. We are on a huge corner lot that overlooks the historical Grant Park and Atlanta Zoo. An extra bonus to this house is that it’s located one block away from a highly acclaimed charter school, giving the owners of the house selection into this school. Numbers – Purchase 225k, rehab 250k, sales price 750k. We had $5000 earnest money (all cash) closing immediately, no contingencies. How I found property – Through one of our local whole sellers. We bought the home within 1 hour of it hitting the market with multiple cash backup offers on the property Budget – 225-250k, finalizing final numbers with general contractor and subs Blueprints – see attached, laser drawing stage Permits – in process, historical house causes longer duration Surveys – see attached PHASE 2: Demo (part one) – Landscape cleanup – Due to this house being unoccupied for over 12 years and the fact that the people previously living there were hoarders, we had an excessive amount of cleanup as well as landscaping demo to do at this property. However, one of the reasons we skipped to Phase 2 and did the landscape demo is because this house was buried in overgrowth, as you can see in the photos. We wanted to bring this property back to life by getting the neighbors and community excited and talking about this property being restored. Therefore I can assure you, this idea for marketing works! We had well over 50 different neighbors stop by and thank us dearly for making the neighborhood better and cleaning up this property that’s been an eye sore for over a...
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In this week’s Do-It-Yourself video, Andrew explains the importance and power of “branding” by using customized key sets. For more information on “branding“, check us out on “Marketing Monday’s“. We post a weekly blog article on Marketing 101. ...
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The REI Academy was created to give real estate investors of any experience level the opportunity to learn from the best. Whether you’re a beginner investor who’s never done a flip, a mid-level investor who does 5-10 properties a year, or an experienced investor looking for that extra profit, the REI Academy is the place for you! We’re different than all of the other real estate educators. Andrew and Eddie not only educate, but they practice what they preach! Come join us at our REI Rehab Academy and REI Marketing Academy this month in Atlanta, GA and separate yourself from your competition. Become one of the many investors who can proudly claim that Andrew Cordle and his team helped me become a better investor! REI Rehab Academy will be held Wednesday and Thursday, August 27 and 28, 2014 at: Holiday Inn Atlanta-Perimeter/Dunwoody 4386 Chamblee Dunwoody Rd Atlanta, GA 30341 This year alone, our company will buy, fix, and sell roughly 60 properties. Efficient systems are paramount and we’ll teach you our systems and processes. This academy is unique in that half of the time will be in a classroom environment but the other half will be out on the physical job sites. We’ll take you to properties that are in all stages from demo to the finished product. At our REI Rehab Academy, you’ll also learn: 1. How to make $30,000+ per rehab 2. Every stage of the rehab with hands-on, on-site training 3. Understanding the true costs of a rehab 4. Locating and hiring the best contractors for your investment 5. Clearly defining your scope of work As well as much, much more! On Friday and Saturday, August 29 and 30, 2014, we will be holding our REI Marketing Academy for two full days at the same location. The REI Marketing Academy sets us apart from other real estate investing educators. We’ll show you how to market and brand yourself so that you shine brighter than your competitors. We’ll show you the difference between inbound and outbound marketing. Other things you’ll learn at our REI Marketing Academy: 1. Market your business in a cost-effective and efficient manner 2. Branding yourself, your products, and your business 3. We’ll teach you our strategies that will help you make $3,000 more per deal 4. Enhance your website and social media pages 5. You’ll learn the top ten ways to find properties 6. How to attract the right kind of customers As well as much, much more! Typically, this academy is reserved solely for our students who are already part of the mentoring program, but we are offering the last 5 seats to anyone interested in registering. The cost of the REI Rehab Academy is $1,000/per student. The REI Marketing Academy is also $1,000/per student. However, for those students who would like to attend both...
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