Invest Success Mentorship Program THE INVEST SUCCESS MENTORSHIP PROGRAM SPONSORED BY ICOR

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1 Invest Success Mentorship Program THE INVEST SUCCESS MENTORSHIP PROGRAM SPONSORED BY ICOR

2 An Introduction to Invest Success Mentor Program Through the Mentorship Program, Invest Success will share with you our tried and true methods for building real estate wealth. After completing the Program you ll be on your way to becoming a successful real estate investor. The Invest Success Mentorship Program will take you step-by-step through the systems that have enabled us to build a successful real estate investment business. Equally important, you ll receive over 50 hours of personal instruction. We cannot overstate the importance of having systems and processes in place to be successful in this business. Whether you want to learn to profitably fix & flip properties or build a portfolio of rental properties, we can teach you how to achieve your goals. If you risk nothing, you risk more. Overview to John Fisher s Invest Success Mentorship Program Contact us for a FREE One-Hour Consultation (face-to-face or over-thephone) to discuss your real estate investing goals, objectives, and timelines/ timeframes. We want you to have a clear realistic investing path. Here are some of the items that will be reviewed: background, finances, support, time commitment, and if real estate is the right vehicle to acquire your desired lifestyle.our program is not for everyone. The consultation will help you and us determine next steps. For more information visit info@icorockies.com, or call

3 FINDing the Right Property Step 1: We meet to decide the parameters we ll use to select a property. This is a process with a significant learning curve. We recommend that your first property be a great learning experience and not one that needs major work. Step 2: We will spend 12+ hours inspecting houses. We will learn how to apply fix up formulas to each property. We ll rate the neighborhood, discuss price points and we will use common websites to determine the After Repair Value (ARV) of the property. Step 3: Because our program is HANDS-ON, you are required to TAKE ACTION, you have 120 days to find a suitable property to rehab. We will show you a few properties each week until you find the ONE. Once you have chosen THE house, we proceed to Funding and Fixing, always keeping the Flip/Fill exit strategies in mind as we go. At the completion of this section of the Invest Success Mentorship Program you will: understand how to estimate the costs of improving a property have insight into general marketplace trends: what sells, what doesn t be able to analyze price points for buying and selling properties have the opportunity to work with a professional designer to determine interior & exterior changes to the property, as well as landscape ideas and color schemes understand how to purchase the property under a Limited Liability Company (LLC) and how this can benefit you create a Statement of Work (SOW) template that addresses the fix and rehabilitation of your property

4 FUNDing the Property Financing a rehab can seem overwhelming when you first start out, but it is straight forward. We ll walk you through this process and teach you the pros & cons of the different methods to finance your project. There are 10 ways to fund an investment property. We list a few below. Overview of financing options: Cash to purchase and rehab a property is the easiest and least expensive way get the job done Your IRA or other long term investment account can fund your project If you have sufficient equity in your existing home, your bank or credit union may create a Home Equity Line of Credit (HELOC) to take cash out We will provide a list of lenders who offer a variety of programs. Some lender products available are: 80% loan to value (LTV) requires 20% down payment 100% LTV requires zero down payment 80% Purchase Price & 80% of Rehab Cost requires 20% down payment each 100% Purchase Price & 100% of Rehab Cost requires zero down payment (yes, that is possible!) 70% LTV per the above Insuring the Property Another necessity in the purchase process is obtaining the right insurance. Your insurance needs may vary with how you re paying for the property and the rehab. Your exit strategy may also dictate the type of insurance best suited to the situation. Short-term loans, empty properties and liability may contribute to your options. There are different insurance plans for each application. Each provider has their own requirements and varying types of coverage. Don t be caught off guard. We cannot overstate the importance of protecting yourself, your assets, and your project.

5 FIXing the Property This is the phase of the project that can be a lot of fun or a lot of stress, depending on your ability to understand the process and make quick decisions. We will help you with both. We love this part of the project. Enjoy the opportunity to be creative and have fun with it! Once you ve gone through the rehab portion of the Invest Success Mentorship Program you will: Have visited the job site 2+ times a week. Understand the workflow process. What happens when and why from a construction viewpoint. Demolition is first and carpet is last what happens in between? When do the cabinets get installed? Does the base molding go in before or after the carpet? Learn to work closely with contractors that you have hired and become skilled at running the show. Appreciate how crucial the timing of work schedules, material deliveries, and prompt payments are to the success of any project. This is not an inherent gift that people are born with but rather a learned skill which the Invest Success Mentorship Program will teach you. Ask any chef what is the most difficult part of preparing a dinner for a large party; invariably the answer is timing. Know how to use the packaged documents we provide you to assist you in tracking your expenses and the rehab progress.

6 FLIPping the Property When we talk about flipping we mean reselling the fixed-up property. Although flipping can be lucrative, it is not the only exit strategy available and may not be the optimum strategy for your property. We want you to be able to determine when it is advantageous to flip and when to hold ( fill ) and why. There are distinct advantages to both. As you begin to understand your options and make educated decisions based upon your personal investment strategy, you will start to understand how to market your property. You will: Learn what a Realtor can and cannot do, how they earn their commissions and the structure of their services. Understand your options on listing the property with the Multiple Listing Service (MLS). (value your property and set prices at or below Fair Market Value) Understand the different strategies available to market the property such as staging, signage, flyers, pricing, realtor negotiations and the difference between self-service and full- service marketing.

7 FILLing the Property Filling refers to holding or renting the property. This can provide positive cash flow while allowing the property to appreciate. We can assist you with this, too. You have two basic choices: lease option (Rent To Own) or rent. Each offers different benefits. You will also learn: how to set rental prices techniques for increasing your cash flow how to find and choose appropriate tenants how to market the property how to manage the property Don t kid yourself; this business is fraught with risk! After all these years we continue to learn from our rehab mistakes. We believe that our years of experience have taught us to recognize and remedy potential problems. We ve seen it all and done most of it. Those hard-earned and hard-learned lessons have given us a good understanding of the real estate investment business and the ability to foresee and evaluate potential risks, thus, limiting yours.

8 The Invest Success Mentorship Program (What You Get) hours Hands-On Training This is what separates us from everyone else. There is no book, or class out there that replaces handson experience offered by the Invest Success Mentorship Program. In addition, we will have student-only classroom sessions! 2. Manual Our systems are clearly laid out and partitioned into clear, step-by-step procedures. 3. Forms CD This CD contains forms to help you with your real estate investment business. Included are contracts for real estate sales and Rent to Own, a rental package that covers most anything that pops up, flyers for sales and rentals, and spreadsheets. Everything is readily printable. Our Mold Addendum is top notch! 4. Basic Notebook Organization is a huge factor to your success as a real estate investor. We ll teach you our secrets for staying organized with this standard, inexpensive notebook. 5. Colorado Limited Liability Company You will have the opportunity and access to a ready-made Limited Liability Company and how to use it to protect your assets. 6. Financial Analysis (Informal) We ll sit down over a cup of coffee and take a look at your finances and how to optimally build a real estate investment business. Remember, we re not accountants, lawyers, insurance agents, realtors, contractors. 7. Contractor Contact Lists This list is our personal list of contractors. We ve found them to be quick, efficient, and affordable. 8. Tools We will provide and train you on our unique Rehab Tracker that takes you through the entire renovation process from the initial walk through, our Quick Property Assessment Tool (QPAT), the Scope of Work (SOW), the SOW Tracker, the Financial Tracker, to the Profit Tracker. 9. Workshops & Seminars You will be able to attend most of our Workshops and Seminars that we offer to the investor community at no additional cost for one year. 10. Lifetime Updates As long as we re in business you will have access to form and contact updates. 11. FMP Certificate of Completion FMP Graduates will receive an attractive suitablefor-framing Certificate of Completion you can hang on your office wall or over your fireplace. 12. And, last but not least, you will get our EAR FOR A YEAR. Even after you have completed your rehab you will have access to us, questions, consulting, etc. for one year.