Jacksonville Real Estate Investors' Association
Education: Quick Start Classes
Quick Start Classes are one of our best member benefits! They are
Your Blueprint for Success!
Quick Start is a series of weekly classes designed to acquaint the novice and the seasoned investor with real estate investing fundamentals. You can't attend a class without learning something!
View our Calendar to see which class is coming up this week.
These classes are held every Tuesday evening at the JaxREIA Office, located at
103 Century 21 Drive, Suite 202. This is our office on the second floor.
The instructor begins promptly at 7:00 p.m. and ends about 9:00 p.m. If you would like to network, we encourage you to arrive at 6:30 p.m. Food and beverages are not available, so please plan accordingly.
Since Quick Start classes are taught year round in a series, if you miss one or more all you have to do is wait for the rotation and attend or repeat the class. Membership INCLUDES Quick Start Classes for ALL levels of membership, so attend as often as you like.
Members may attend all Quick Start classes as many times as you like for FREE.
Guests may attend 2 Quick Start classes, 2 Main Meetings, or 1 Quick Start Class and 1 Main Meeting for FREE, and then must join as a JaxREIA member to continue their education.
Sign Up as a Guest and Receive Your 2 FREE Classes!
Our current weekly Quick Start Series is as follows:
- Strategies of Investing
- REI definition
- Glossary of REI terms
- Outline 3-5 different strategies of investing
- Review 3 strategies: wholesaling, rehabbing, and landlording
- Cover basic concepts: MAO, ARV, ROI
- Possibilities for creative financing
- Transactional Lending
- Self-Directed IRA
DEAL ANALYSIS & FUNDS - C. Rambler
- Comparable
- Method, insight, examples of:
- Cash:
- HELOC
- Credit Card
- Conventional Financing
- Hard Money Lenders
- Private Lenders
- Joint Ventures
Due Diligence - D.Burkett
- Finding visuals / photos of the property online.
- Permits
- Zoning
- Liens
- Taxes
- Code Violations / Property Condemnations
- Ownership
- Bankruptcy or foreclosure in process
- Assessments
- Property Inspection
- Neighborhood and Crime Stats
Technology in REI - K.Ceratto/Khristi Viktoriany
- Go over how to navigate and utilize the JaxREIA website
- Useful website for REI business (at least 10)
- Useful App for REI business (at least 10)
Finding Houses – C.Gaskill
- Define buying strategy is and exit strategy
- Strategies for finding houses
- Define at least 5 methods for acquisition; 3 creative, 2 traditional
- Explain at least one strategy in-depth, so that attendees can leave with a step-by-step guide.
- Promote an action step to find a first house
- Encourage to provide feedback
Direct Mail Marketing – C.King
- Definition of direct mail marketing
- Present at least two ways that attendees can acquire leads for mailings
- Mail merge (youtube)
- Pros and cons of using a postcard vs. a letter
- Discuss the type of content that’s appropriate for direct mail marketing, and give some examples
- Outsource services (e.g. yellow letter, Click2Mail)
- How to measure response rates from direct mail marketing, and how can to gauge success
- Pros and cons of using an answering service vs. taking calls personally
- How to calculate cost of a campaign
- Importance of tracking the results of your campaign, and examples
- Importance of CRM, keeping track of your leads, and current available systems
Understanding Purchase And Sale Contract / Agreement – L.Riebsame
- Types of purchase and sale contracts:
- NEFAR standard
- FARBAR
- Example of non-NEFAR contract
- Explain what makes a strong, binding contract (buy and sell sides)
- Explain the minimal requirements for having a binding contract in Florida.
- Familiarize attendees with the various sections and clauses of a contract
- Refer to resources that can help with contracts (title company, RE attorney)
Wholesaling - D.Burkett
- Definition of wholesaling
- Definition of equitable interest
- Explain the legal ramifications of acting as an agent without a license
- Clearly define the differences
- Co-wholesaling?
- Components a strong wholesaling contract
- How to build a buyer database
- Process of selling or assigning the contract
- Touch on variations: JV, wholesaling, reverse wholesaling, double closing vs. single closing
Contractors – C.Gaskill
- How to find and get bids from contractors
- Screen contractors
- Documents needed from contractors: W-9, Workman’s Comp or Exception, Liability insurance,
State license(s), County license(s), Business license - Example contractor agreement(?) and discuss important clauses
- Importance of executing a release of lien document
Rehabs – C.Gaskill
- How to derive a rehab budget
- Property Inspection & Permit
- Rehab for Rental vs. flip
Rental Properties And Landlording – S.Carter
- Definition of hold property
- Responsibilities & Right of landlords
- Strategies for buying rental properties
- Example of strategies of finding and screening tenants
- Strategies for keeping tenants
- Types of maintenance requires and some guidelines for setting reserves
- Go over the lease agreement, and some important clauses to include
- Processes of turning properties over between tenants
- Federal tax implication of being a landlord
- Fair housing laws.
- Property Manager
- HUD
Goal Setting in REI – K.Ceratto/K.Viktoriany
- Have students define clear and focused REI goals for the next 12 months.
- Assist students in developing their 120-day action plan based on those goals.