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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“Though the bribe be small, yet the fault is great” – Edward Coke I am a big fan of author Lee Childs. In one of his more recent novels Lee tells a story of a female military officer. She was a rising star in the Army and seemed to be on a fast track to having a command. She approached her commanding officer and requested a positive reference in support of her potential promotion. The colonel suggested that if she desired an endorsement for her promotion, she needed to meet him in his office. Outside of uniform. The inference contained a carnal and lewd implication. The female officer reported him to the chain of command and shortly thereafter, he was dishonorably discharged. In this fictional story, the environment was corrupted by a boss using improper favors as a means for subordinates to obtain a favored status. Any environment, be it the home, the office or the capitol, that operates on what I call a “soft bribe policy” is a corrupting environment. It erodes morale, corrupts loyalty and weakens the overall integrity of the institution. I confess that I am certainly not a fan of the present day “political correctness squad”. I am however a fan of fairness, earned bonuses, promotions and uniform justice in the context of policy enforcement! A soft bribe is not necessarily a financial payout. It can be many things including the stroking of an ego or socially befriending a boss for gain. Additionally, covering up of violations or looking the other way when policies or safety/ethical matters are deliberately ignored. A soft bribe is behavior that gains favor and advantages that are not available to another worker. They are not based on work ethic, production, attitude or faithfulness. A soft bribe are actions or words that a competent person of moral and social integrity would never do or say in order to gain a personal favor or advancement. Honest people want to earn their way and they want to compete on a level playing field. If an employee believes that his hard work and integrity matter, it will show in his attitude. That same attitude enhances the perceived climate of the work place. If his hard work and honesty are not recognized, and a peer with a lesser character is promoted, that man can feel betrayed. A foolish boss can dismiss those feelings as simply the collateral damage of getting the job done. Those feelings are a cancer in the work place, and that cancer can kill. Leaders are going to have favorites but qualified persons who happen to be better-liked should not be overlooked for fear of what others may say, as long as the same standards are applied evenly across the board! Scandals that are left unchecked or undisciplined injure the workplace. The same is true...
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We hope you’re enjoying our newest series, The 8 Phases of the Flip. This week, we’ve posted information for our second house located in the Old 4th Ward in Atlanta. Be sure to check back in weekly to watch the transformation happen! Basic Info: This historical home was built in 1920 and is currently divided into two town homes. Size: The home’s square footage is 2729sq ft, and it sits on a 6891sqft lot. The home also includes 4 bedrooms and 2 bathes. It is currently divided into two 2 bedroom/1 bath town homes. Location: Atlanta’s Old Fourth Ward neighborhood has garnered national attention as “a cradle of culinary and artistic innovation and as a symbol of gentrification.” The neighborhood is best known as the location of the Martin Luther King Jr. historical site. In 2010, Atlanta-based newspaper, “Creative Loafing” awarded the Old Fourth Ward neighborhood as “The Best Bet for the Next Hot Neighborhood.” In 2011, the neighborhood celebrated the opening of the “Historic Fourth Ward Park” and saw the kickoff of the “Ponce City Market” project. Numbers: The purchase price was $230,000 and the rehab budget is $140,000. This homes after repaired value, or ARV, is $550,000. How I found the property: I located this home through a local whole seller. We bought it from him right after he had placed it under contract. We offered him a full price offer with no contingencies and immediately closed with $5,000 in earnest money. Budget: We are looking to spend $140,000 on the rehab. This amount may be slightly adjusted depending on our final decision on the master suite. (See blueprints) ...
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Enjoy this week’s Friday DIY (Do-It-Yourself) video. In this video, Andrew explains his thought process behind the design of a kitchen. ...
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