REIA of Oakland
A Non-Profit Real Estate Investment Group
Serving Wayne, Oakland, and Macomb Counties
Proudly Presents
February 11, 2010
Paul Esajian
of
A&E's "Flip This House"
How To Rehab Like A Pro
Paul Esajian, along with his lifelong friend and co-founder Than Merrill, built their company, CT Homes, LLC into a multi-million dollar company in just three short years.
During their first year in business Paul and Than bought and sold 30 properties. Since that time they have more than doubled that number every year.
Currently buying 8 – 12 properties each month, CT Homes, LLC has purchased, rehabbed and wholesaled more than 180 single and multi-family properties in the last three years. Their rehabs don’t tend to be paint and carpet specials--their average project requires more than $35,000 in rehab. The average profit is over $27,000 each—you do the math!
Paul currently manages multiple teams of contractors and sub-contractors in three different states and over twenty different cities. Paul is an experienced Project Manager who specializes in personnel management and incentive based motivation for his contractors.
Don't think you have to be a Project Manager doing the number of projects that Paul manages--you may just have your own home and a rental or two to deal with--but don't think you can't do multiple projects, either.
Does the thought of rehabbing make you think twice about buying properties?
Paul will share three simple steps in managing contractors: do your homework, lay out a detailed scope of work that outlines your expectations and, finally, investigate the contractor’s business before you go to contract. Paul will elaborate on those steps to take some of the fear out of rehabbing.
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Meeting Location
811 W. Square Lake Road
Troy, MI 48098
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Meeting Schedule
5:30pm - 7:15pm Early Bird Q&A and Vendor Expo
7:15pm - 9:30pm General Membership Meeting and Guest Speaker
The public is welcome to attend at any of the above times.
It is not necessary to attend all night.
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Cost
REIA of Oakland Member - FREE
Non-member - $20.00
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About REIA of Oakland
Thank you for your interest in the Real Estate Investors Association of Oakland. REIA of Oakland is a non-profit organization founded in 1981 run entirely by volunteers. Our goals include providing education to our members, providing professional networking, and monitoring the political and legislative environment as it affects the real estate investment business. Our meetings are held on the second Thursday of each month at the MSU Management Education Center in Troy, 811 West Square Lake Road Troy, MI 48098 Click here for a map.
The meetings begin at 6:00pm with an hour of networking and an informal Early Bird Q&A session. The seminar portion of the meeting runs from 7:15-9:30pm. Each month we have a different guest speaker, including national speakers on topics useful to real estate investors. The formal presentation is followed by a question and answer session.
In addition to free admission to our monthly meetings, joining REIA has many benefits for real estate investors from novice to pro. Visit our membership page here for more details about the benefits of membership.
Non-Members are welcome at the monthly meetings. The monthly seminars are free for members and $20.00 for non-members.
