real estate semianr for investors powerpoint

REAL ESTATE SEMINAR FOR INVESTORS

BECOME AN INFORMED INVESTOR. YOU DON’T KNOW WHAT YOU DON’T KNOW.

KNOW QUESTION IS EVER A DUMB QUESTION….Bev ChandranBEVERLY CHANDRAN – [email protected]

FELICIA MIDDLETON – [email protected]

Don’t make a real estate “move” without calling me first…™ – Beverly Chandran, Realtor®

• DREXEL UNIVERSITY REPORT – Statistics showing the growth of Philadelphia, PA

• THE NEW MULTIPLE LISTING SERVICE – MLSNew and improved features that help you find real estate and become more competitive.

“No zestimates here….only real-time data,” Bev Chandran

LET’S TALK PHILADELPHIA STATISTICS….

REAL ESTATE SMINAR FOR INVESTORS


THE THINGS AN INVESTOR SHOULD DO1. Do understand the comps and pricing in the area you want to invest2. Do get a home inspection or have licensed contractors inspect the property BEFORE you sign the

AOS3. Do you homework with regard to the process and amount of work by way of hours/days/months

needed to complete project. Know your renovation constraints with regard to design and implementation

4. Real estate budget; How much will it cost you? What will be your ROI?5. Add up cost to purchase, renovate based on a thorough assessment of the condition of the

property. Add a an additional 10% for extras or things that may come up. 6. Divide your expense up between cosmetic versus structural repairs


7. Calculate your anticipated CAP rate- Excel worksheeta. There are three different valuation methods:

Income approach: Theory of capitalization (CAP Rate). Learn to establish what the GRM (Gross Multiplier is for a rental property. FYI: GRM does not factor in expenses.Cost approach: cost to replace/rebuild – insurance companies utilize this methodSales Comparison approach: area comps and comparative market study provided by a Realtor

8. Know the guidelines for applying for the Tax Abatement!!!!!!9. Know the rental process and how to apply and get the rental suitability certificate10.Do remove lead base paint and have the home certified if you cannot remove it if it is

exposed.11.Become familiar with GREEN Practices which fall in the category of efficiencies and

transference of savings to buyers – BUYERS ARE LOOKING TO SAVE/CONSERVE….ONCE THEY ARE IN THE HOME

LET’S TALK ABOUT THE THINGS AN INVESTOR SHOULD DO…



1. Hire the wrong contractors2. Avoid city or local ordinances with regard to permits and building codes3. Do NOT take on too big of a first/second project4. Install cheap windows; buyers complain all the time about this and can sue you for doing this.

You can not put the blame on to the manufacturer. Window installed incorrectly; leaky, window shaft breaks, knobs break, off track, don’t function properly

5. Double tapping of electric and reverse polarity found in many outlets

LET’S TALK ABOUT THE THINGS AN INVESTOR SHOULD NOT DO….PLEASE!!!


6. Sloppy roof work. Roof leaks which causes mold and major repairs7. Use of the wrong type of paint through out the house; flat versus semi-gloss in the

wrong place. Example; Semi-gloss paint should not be used on a ceiling8. Install appliances that are not energy efficient

LET’S TALK ABOUT THE THINGS AN INVESTOR SHOULD NOT DO….PLEASE!!!


1. Consult a Realtor® architect, or home stylist before you begin you purchase and/or begin the project1. Each professional is trained to do what you are attempting to do.

2. Sweat Equity – but ONLY if you have the skills to do a superior job.3. Avoid custom work unless it comes with your sweat equity. Don’t do over-the-top upgrades4. Utilize recycle materials that add value to property; flooring (Habitat.org)

1. Use materials from other jobs, ONLY if they fit-in with the design of the property you are working on

5. Limit the amount of recessed lighting; 6 instead of 12 etc.6. Install skylights and light tubes in hallways when possible for natural light7. Avoid over-spending for items and establish relationships with owners of discount warehouses

WAYS TO SAVE MONEY, TIME, AND AGGREVATION IF YOU WANT TO INVEST

KEEP YOUR FAMILY AND FRIENDS…YOUR FAMILY AND FRIENDS… AFTER YOUR PROJECT HAS BEEN COMPLETED



1. Kitchen Counters1. Granite, Quartz, Marble, Wood, Glass, Engineered Stone, Tile Surface, High Definition

Laminate2. Appliances:

1. Garbage Disposal, mid-to high end appliances, not low-mid end appliances unless warranted

3. Bathrooms:1. Big mistakes: Only one “small” bathroom, bathroom cheaply done, bathroom workmanship

sloppy with flooring and grout, no electric or GFIC (Ground fault circuit interrupt) outlet in bathroom

SPEND WISELY AND PAY ATTENTION TO DETAILS IN THESE AREAS OF A PROPERTY


Beverly Chandran.comCell: 301-204-2292

[email protected]

1401 Walnut Street, 8th FlPhiladelphia, PA 19102

Office: 215-546-2700Direct: 267-238-2876

mailto:[email protected]

real estate semianr for investors powerpoint

Real Estate