SJREIA REHABBING SUBGROUP - meeting LIVE in Brooklawn, NJ
Open to the public! SJREIA attend free, visitors pay $20
Expert Secrets - How to make sure your BRRRR or Rehab is profitable!
Presentation by Chuck Burnum
Subgroup Leader (and SJREIA Business Affiliate): Kingsway Home Inspections, (856) 905-5009, kingswayinspect@msn.com - 11 Wyndham Road, Voorhees, NJ
Discover the expert secrets to getting a huge difference in your purchase price and post-rehab price during this subgroup meeting!
- (BRRR example: Buy $200k, rehab $20k, appraised value $300k, cash out refi $225k and hold as rental).
- Some houses on Zillow are bought for little, renovated quickly, sometimes without much money, and are listed and sold for top dollar. Or are rented and refinanced for top dollar. (The bank/appraiser is your “buyer” when you BRRR)
- Other houses are bought for a lot, renovated for a lot, and appraised for not nearly enough. (i.e. Buy $200k, rehab $60k, appraised value $240k, max cash out refi $180k)
What’s the difference? We will show you how to get more successful deals!
Where: The Empire Diner (Previously named Brooklawn Diner) - 297 Crescent Blvd (at the Circle), Brooklawn, NJ 08030Time: 6:30 PM to 8:30 PM
Cost: Members attend for FREE – Visitors $20
Dinner is not provided. A full menu is available at the restaurant -- everyone orders their own meal. Please plan on ordering something from the menu. THANK YOU!
New members are welcome to join at any meeting. Just sign up at the door and pay with cash, check (payable to SJREIA) or credit card. JOIN as a member the same night and we'll credit your visitor fee toward membership toward $150 annual cost.
This subgroup meets the 4th Tuesday of every month