When:
November 9, 2017 @ 6:00 pm – 8:30 pm America/New York Timezone
2017-11-09T18:00:00-05:00
2017-11-09T20:30:00-05:00
Where:
Arena's at the Airport
Rudder Lane
Georgetown, DE 19947
USA
Cost:
$15.00 | FREE
Contact:

Topic: How to Evaluate a Flip Deal, (and Get It Right).

Sometimes a deal isn’t as good as we initially think it is. Rough figures, formulas, and doing the math in our head, all can be a big mistake. You may be wondering if people actually get into a deal without understanding all of the known and potential costs. That’s an easy one to answer; yes, they do! And most of the time they are surprised when they see where they went wrong. “You don’t know what you don’t know”.

Almost every day I am asked “Hey Mike, are you interested in this deal”? Or, “can you lend on this deal”? Or, “will you look over this deal”? I love what I do, so this is good stuff for me. I see plenty of good to great deals, and many that would lose, or make very little, money.

What do you need to know to make sure your deal is a winner?

  • Reasonable expectations for the renovation.
  • Accurate estimation of the resale value.
  • Due diligence costs.
  • Attorney fees and settlement costs.
  • Taxes and insurances.
  • Carrying costs.
  • Resale costs.
  • Loan costs.

Join us for a valuable discussion on all related costs, so you will understand how to make sure your deal is a winner. Aside from learning how to properly calculate a deal, you get to hear from local investors with tips and ideas on how they approach each cost or calculation.

PLUS: If you are borrowing money to purchase and renovate, this meeting will give you the information you’ll need to get your deals funded.

This meeting is a big deal. Don’t miss it!

-Mike

Meeting Itinerary

6:00 pm – 8:30 pm

    • 6:00-6:30 – Networking & Food | Come enjoy Arena’s menu. Happy Hour is 3pm – 5pm with 1/2 price apps, $3 select drafts, $2 domestic bottles, $4 house wine. And Thursday night is First Responders’ Burger Night. Build your own 8 ounce ground beef burger with a side of French Fries and House Soda for just $9.99. Come hungry…Arena’s provides the room for free as long as we order food.
    • 6:30-6:45 – Deals & Questions | Please help us start on time by being seated by 6:30.
    • 6:45-8:30 – Meeting

About Michelle

Michele received her Bachelor of Science in Pharmacy from Duquesne University, her Master of Business Administration from the University of Phoenix, and her Doctor of Philosophy degree from Walden University in Public Policy and Administration with a Health Policy specialty. Her research explores the impact of comprehensive plans, zoning policies, and finance policies that promote or impede real estate developers’ decisions to build healthy communities.

She is a former student in the Rich Dad Coaching and Mentorship program. As a graduate of the Landmark Education Curriculum for Living, she is an experienced Self Expression and Leadership Coach. She has completed a wide variety of coursework through the Defense Acquisition University and Professional Military Education.

After 7 years of part time real estate ventures, Michele transitioned into full time real estate investing in January 2013 after a six year active duty military service call up. Although she is primarily based in Sussex County, she actively continues to build her power team in the Delaware market. She is experienced with private money brokering, wholesaling, rehabbing, creating partnerships, and marketing.

With over 30 years of pharmacy involvement, Michele’s primary practice area over the last 28 years has been in the natural, lifestyle, holistic medicine industry. She teaches Whole Food Plant Based Nutrition, is a Physicians Committee for Responsible Medicine (PCRM) Food for Life instructor, and a strong advocate for lifestyle/integrative medicine.

Michele retired from the Air Force Reserves in June, 2015, after more than 30 years of service. She has extensive experience in leadership, strategy, policy development and execution, and planning.


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