All Forum Posts by: Vickie Perry

For real estate investors BRRRRRRRRRRRR doesn't mean it's cold.

BRRRR stands for Buy, Rehab, Rent, Refinance, and Repeat.

Meet with Grant Anderson, BRRRR Investor on the 4th Thursday of each month to discuss how he runs his BRRRR based business.

An Alternative To Replacement

If you had an older car that ran fine but had nicks, dents, and a dull ugly finish you might think, “It’s time for a new car”, or you might reason,“since I know of a reputable auto body shop just down the road, why should I spend the extra money to buy a new car when this one is paid for and I can make it look like new for a lot less money than buying a new car.”

With the rising cost of materials, landlords as well as those who buy and sell houses have to balance the cost of updating with the profit they will receive from the changes they make on their property.

The bathroom and the kitchen are the most expensive areas to update, but also are the biggest selling/renting factors with most people. So, many have found that refinishing such items as kitchen counters, cabinets, fiberglass, porcelain bathtubs, ceramic wall, floor tile, as well as bath vanities and counter tops is a cost effective way to remodel at a cost saving of up to 75% of replacement.

Does it hold up?

Refinishing companies are like a lot of businesses, there are businesses that take pride in their work and use quality products and then, there are those that are out for the quick buck and cut corners to save themselves time and money at the expense of quality and durability.

If you have had bad experiences in the past be assured that there are reputable companies out there that use very durable products and take the time to prep the surface right, which is so important in the refinishing process.

Technology in the past few years has yielded new durable coatings and primers that are very chemical and impact resistant and will retain their color and shine for years to come.

How do I find a company that is reputable?

1. Ask them what kind of finishes they use. They should tell you if it is a catalyzed urethane or an epoxy, ( epoxies are great for primers but they will dull and yellow with time, they are a less expensive coating, but that’s not to your advantage)

2. Ask for references. They should have happy customers and be willing to get you in touch with them.

3. Most companies offer a one year warranty on rentals and homes for sale, some offer a longer warranty because they have more confidence in their product. ( local companies who have done business in Indy for years will stand behind their warranty. )

4. Ask the company if, they have insurance, have a web site, are on Anges list, etc. (Some companies will offer long warranties or cheap prices only to go out of business and reappear as a new company later, leaving you with no warranty and a cheap job, in more than one way. “You get what you pay for, as the saying goes.”

A good refinishing company will be honest with you when it comes to what can be refinished or what should be replaced, so find that company and you will have someone working for you that will save you money and will be an asset to your company.

Contributed by Paul Dickerson

Quality Re-glazing

All day Saturday Workshop. 9-4:30.

Randy Hughes (Mr. Land Trust) has written extensively for local and national real estate publications. He has taught real estate classes for many years at the University of Illinois, Parkland College and Elgin Community College.

He teaches classes on how to protect your assets and how to become more private with your personal life. He also teaches land trust law and administration, authors the only Land Trust Newsletter and Blog in the country, is the founder of the Land Trust University.

• StartJanuary 17, 2020
• 5:00 PM
• EndJanuary 18, 2020
• 6:00 PM
• LocationCireia campus @ 6767 E Washington St, Indpls 46219

MEETING TOPIC: MONEY MONEY MONEY MONEY

6 LENDERS WILL HOST A PANEL AND ANSWER SPECIFIC QUESTIONS ON HOW THEY JUDGE INVESTOR APPLICATIONS AND WHAT THEY OFFER

Are you looking for properties but not sure how you will finance them?

Are you wanting to use OPM (other peoples money) but not sure who can help you?

Join us for a panel of experts on what lenders look for.

Open to the public. FREE to CIREIA members.

Snacks and beverages provided.

5:30-6:30 Networking and Mini Vendor Trade Show

6:30 Buy/Sell/Trade and Business Meeting

7:00 Speakers and Panels

For questions, call 317-670-8491 or email [email protected].

Best regards,
Central Indiana Real Estate Investors Association

2020 Annual Conference

100% of profits go toward lobbying and public awareness programs.

We work for you to lessen anti-investor, anti-business laws throughout the year.

As the market changes over the next 2 years, this is an excellent time to get into this business - but you must be prepared. Join us in January to learn how to strategize as our market changes.

Friday, January 17
VIP Red, White and Blue Reception: Network with investors from all over Indiana, local and state legislators, community leaders and influencers. Find out what is happening in other parts of the state and how that might impact your community.

4:30 PM
Registration Opens

5:00-8:00 PM
* Networking: Cash Bar and H'orderves
* Sponsor table top displays and Q&A's
* Talk to local legislators and influencers about what's hapening.
Remember - INstateREIA was instrumental in getting the Utilities Bill (HB1347) passed this year so landlords are not financially responsible for tenants' utilities. We also helped keep the Land Contract Bill (HB1495) from getting out of committee. This bill would have restricted land contracts for investors.

7:00-7:30 PM
Welcome: Chuck Wright, President, Indiana State REIA

Legislative Presentation: Jeff Jinks of Jeffery Jinks Law

Roger Valdez, Director of Seattle For Growth will be the featured speaker. He has been active from the local to the state level and is the author of "Don't be Fooled: Rent Stabilization is Rent Control" and "The Stranger: More Fun with Real Estate Conspiracy Theories."

Saturday, January 18

All Day Conference – Education, networking, collaborating

8:30-9:00 AM
Registration. Pick up Swag Bags and Name Tags.

9:30-11:00 AM
Training
Buy and hold with the Million Dollar Landlord Brad Grayson. Million dollar tips including painless evictions, how to make money on policies other landlords turn away and more. --- Brad Grayson has been investing for over 20 years with annual rentals exceeding $1m. You will walk away with hands on methods, tips and strategizing for working less and making more in your rental business.

11:00-11:45 AM Sponsor Networking
Meet with 20 regional companies including National Tenant Network, Trident Environmental, Elizabeth Maora LLC - all things Air BnB, Longhorn Investments Lender, Jeff Jinks Law Firm, Equity Trust, Landlord Coach, Investway Investing Software, Appeal Taxes-Now.com, MM Lending, Deal Machine, Bartholomew County Landlord Association, Central Indiana Real Estate Investors Association, Abhi Golhar National Investor and Social Media Coach.

11:45-12:00 PM
Legislative Highlight with Jeff Jinks and Tim Hawkins, Attorneys and Lobbyists for Indiana State REIA

12:00-1:15 PM Lender Panel and Working Lunch
Hard Money, Private Money and institutional lenders present the top 10 reasons you SHOULD use other people's money (OPM) and how to do it successfully including MM Lending, Investor Loan Source LLC, Longhorn Investments, PRMG Mortgage Corp, Equity Trust Self-Directed IRA.

1:15-1:45 PM Sponsor Networking

1:45-2:00 PM Benefits and Legislative Highlight

2:00-3:00 PM Training
Build your influencer brand to get more sales and more time with Abhi Golhar, Think Realty National Coach and Investor. Abhi will give compelling and step by step tips on how you should use social media to obtain properties, buyers, sellers, tenants, and lenders. As an investor, Abhi has learned that bringing the properties and the money TO YOU instead of you chasing the properties and money is more beneficial and prosperous.

3:00-3:45 PM Sponsor Networking

3:45-5:30 PM
Round Tables: Different topics are discussed at 12 different tables as you move from table to table for 1:1 discussions. Topics include: attorney, air bnb, appealing taxes, rehabbing, landlording, landlording screening, environmental concerns, hard money lenders, private money lenders, saving money on your next deal.

Standard Ticket Price (For Both Days): $138/person or $270/couple

VIP Friday and Saturday includes reserved seats, special swag bags and introductions: $170/person