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JP Moses

Your Host

JP Moses

Brian Meidam

Guest

Brian Meidam

Recorded:
October 01, 2014
3:00 PM Eastern

January 2015

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Prehabbing Secrets: The 90/10 Rule for Fatter Wholesale Checks

Brian Meidam 2If you want to expand your investor mind on several levels, and learn how to do less/make more on your flip deals, then you won’t want to miss this week’s training call.

Our topic? A very profitable middle ground between wholesaling and full rehabs called 'prehabbing'.

As the name suggests, prehabbing is a prelude to rehabbing. It can also refer to simple, light rehabbing.

In its purest sense, prehabbing is taking an ugly, smelly junker that would scare anyone besides the most experiences investors away... and basically clearing the slate to make it more appealing to your "street" buyers. 

Done right, prehabbing gives you the best of both worlds... you can make a LOT more money on your deal than a truly 'as-is' wholesale, but do it with a lot less time, money or risk involved than a full-blown rehab.

Sneak Preview:

Listen up and see what this is all about... 

Bottom line, this is a strategy every flipper needs in his toolbelt without a doubt. It's all about taking the old 80/20 rule and cranking it up a notch to 90/10 -- focusing on the 10 percent of things that stand to make 90% of the difference in landing you a much bigger payday. And we’re learning it all from Brian Meidam, who definitely knows what he’s talking about.

Our boy Brian's a close friend and a true dealmaker. He left the corporate world in 2007 to pursue his passion for real estate and has never looked back. He lives with his lovely wife and kiddies in the Milwaukee area, where he operates a lifestyle-centric, real estate investment business Plan B Homebuyers. His specialties include negotiating short sales, wholesaling, rehabbing and "prehabbing," offering transactional funding for investors, and being one of the coolest, most unassuming guys on the planet.

On The Table for Discussion:

  • Brian's story: from bond analyst slave, to how he quit and went full time, to 6 figure months
  •  Wholesaling/Rehabbing vs. "Prehabbing"
  • What exactly fits in the spectrum of "prehabbing" a property?
  • What are the areas that are simple and easy, and give the biggest bang for the buck?
  • A recent deal that would have landed Brian $20K as a "regular" wholesale, but netted him $65K as a prehab
  • Pros, cons, examples...
  • And much, much more...

As always you’ll not be disappointed when you invest the time to tune in to this awesome training call. After all, aren’t fatter checks something we all aspire to?

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