Lessons learned from a recent Washington DC major rehab project

[Joseph Asamoah]

Hello Everyone:

As promised and per many people’s request, I will hold another free event at one my recently completed NW Washington DC rehab projects this Sunday, May January 22nd, 2016 at 3pm. The house is located in the Columbia Heights neighborhood - a rapidly changing community that is experiencing dramatic growth.

FYI, this is the really ugly house in NW I mentioned a few months ago that required a major renovation. Now that the rehab is complete and a tenant located, I can confidently say there were many lessons learned in the course of completing this project and I am looking forward to sharing some of these experiences next Sunday.

As mentioned at the last rehab workshop, I am proposing to modify the format of Sunday’s workshop to include more time for networking and interaction amongst attendees. The proposed format will be as follows:

• 1.Welcome and property walk-thru: You are encouraged to conduct an informal room-by-room walk-thru and to check out the house

• 2.Education – Review how the property was located, financed, renovated, marketed and sold or rented. The focus will be on providing practical real world information about the nuts and bolts of this project along with the good, bad, ugly and lessons learned

• 3.Light refreshments and networking: Meet, greet and mingle – socialize and network with like-minded people that are interested in real estate investing and are striving for financial independence. Meet new contacts and do business. Whether you’re an investor (beginner, intermediate or seasoned), service provider (e.g. realtor, contractor, lender, appraiser, home inspector, architect, attorney, property manager etc.) or just trying to “figure it out” there will be attendees that can help you and/or who you can do business with.

As you can see from the link below, we were able to transform this ugly house into a beautiful home.

https://www.youtube.com/watch?v=lv7w2Yu7VZY

As part of the marketing campaign for this project, we produced professional grade virtual tours of the house in its before and after condition.

As Is condition: http://properties.houselens.com/30666/600+Hobart+Pl+NW%2C+Washington+DC+20001

Final Condition: http://properties.houselens.com/35095/600+Hobart+Pl+NW%2C+Washington+DC+20001

Since this is a buy and hold property (i.e. a long term portfolio rental), – during Sunday’s workshop, I will discuss, amongst other things, why this exit strategy was chosen and some of my landlording strategies.

Similar to the last meeting, the primary workshop goal is to share insights along with the nuts and bolts of how the property was located, financed, rehabbed, marketed and rented. I will discuss the good, the bad and the ugly along with many lessons learned – and there are lots.

Come meet and network with other like-minded people. The session is free and will be 100% education – there are no hidden agendas and no selling.

If interested in attending the May 22nd session -- please email me and I will provide you with the property address.

I hope to see you on Sunday and I strongly encourage you to set aside time in your busy schedule attend. I envision another good turnout. You will not be disappointed.