GOING OVER BANDEMIC NOTES (2022)- Keep Going

 FERRARI FROM ATLANTA

-HOME INSPECTION BUSINESS

-Girl with dreads that chill with Pat 

-I'm telling you with no plays, just how to do a new business

Rari @ VENDHER 

5'9 Crawling into all these spaces, I'm doing it. 

--starting as vending machines in 2020.

then did portfolio STRs (to nurses, no AIRBNB)

then business consulting (getting people set up)

I want to own a lot of real estate, to prepare for commercial real estate business I want to see

what is going on with these assets journey

WHY BECOME AN INSPECTOR

-no post secondary education needed

-low start up cost (under 5k)

-immediately income generating 

-make your own hours

-makes real estate investing easier (learn what to check for)

-on site connections ( ppl that are buying)

-you make the transaction (they cant buy until inspection is done)

( I used business credit to get it started)

You get paid same day. I'm not at anyone's house before 10am and don't do after 5pm.


$450 for inspection. 86k if 4 inspections per week*12 months.

People book me just cause i'm a black woman and they don't see a black woman in this space.


Additional services: separate cost from inspection

mold testing- $350

radon testing $150

lead paint testing $150 (cost $10 at Lowes)

infrared thermal (camera thing, I can see if there is a leak somewhere)

up to and over 1k per inspection

other inspectors charge for something we can do for free

-350 and turned to 1k. takes 1.5 hour to inspect a home. report takes time. 

-Let's say 4 hours at 1k is good. 

-Eliminating another party that we do not need. 


-Home inspection are mandatory to buy real estate (false). What's mandatory is appraisal. 

-Home either passes or fail (false) inspectors do not enforce code. common misconception. 

We point out flaws then outsource. 

New construction does not need to be inspected (false) : new builds can be completely destroyed. 

Home inspection is same as appraisal. (NO)

 The 'big 5'

Most crucial to your job

roof- don't climb

foundation

electrical 

plumbing 

HVAC - air and heat is working in home

unregulated states for home inspectors

-I went through 8 week program. got credentials and started inspecting.

-Look at what they require: llc, ein, 

National Test Associations

-they look at their credentials

NHIN national home inspector 

RESIDENTIAL AND COMMERCIAL

Residential has roof, commercial has a 

Magnitude of size being different. big things to keep in mind. 

-I did a mansion in Atlanta. gotta have a team. i had to outsource. owner and i work in it. sometimes you gotta outsource to other people to help you. 

Tools- you need a ladder. drone, (to inspect 

Real estate agent, use drone to build real estate videos and market to real estate agents.

You have the skills and tools. I made this quick. _Vendher can follow me.

I did a Tiktok that went viral and got a job. $350 gig.

A good way to make income. 

AIRBNB

- has 3 year old. college grad, straight As.

-patricia millian. didnt learn much. graduated top of class.

-took class in 2018 talked abotu credit, real estate. i took action

1k. learned about sales. make sure you have product or service that helps. 

airbnb gives me income every single month. 

can take 6k to start minimum. now every single month its paying me out. 

i would make 10k back after 6 months. and cc is paid off.

I sold food in school. used the 1k. I got car and sold cars in auction and sold in facebook marketplace.

make 6 figures on just Airbnb. I sell product and services. I do credit as well

passive income. IG is earned income. 

My units are booked in Philly. i'm here with ya'll. I invest into airbnb and get paid out. 

Location matters. 

Build relationships with landlords and realtors

Zillow.com

Facebook marketplace ( I was able to get direct landlords. build relationship.) 

Tourist area that people travel too a lot.


-2 brd. sub lease on top of that. Cost less money, less risk. 

More money you make than the landlord. He's making 2500 a month. I'm less risk, less money in. 

Long term real estate is a good game. THIS HELPS YOU GET CASH FLOW TO START SAVING TOWARDS REAL ESTATE. 

Landlords are investors. if they keep buying they will give you another one.


--cost to start 6k minimum for 1br 1 bath

10k or more

-first, last security

-furniture (pretty in pink airbnb i did a unit) it has 30k followers. 

I spent 30k in pretty in pink. THAT UNIT MAKES ME MORE MONEY THAN ALL MY UNITS. 

PRICING

-take advantage of the airbnb platform (show on Airbnb)

-figure out the price of airbnbs in that area (rooms, beds, bath, games, etc)

-Figure out the rent for the place

-Xthe cost by each weekend (cost) 3x4= how much you'll make on weekends

-Start on low end until you get reviews. Then you can charge more down the line.

250*21 I do that, you are not going to be booked all the time. It's like 5k. Rent is 2500.

Subtract income - rent = profit

Average rent (1 or 3 bedroom)

Get creative, has game room, pool table, etc.


Rent should be there already. What are you going to price it? 

LANDLORD APPROACH

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