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https://thinkrealty.com/renovation-rockstar/

ARTICLE INVESTMENT STRATEGY SINGLE FAMILY

Renovation Rockstar: Atlanta Flip

Editorial Staff | 14 Aug 2019

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A partnership can be worth thousands in the flipping business.

When real estate entrepreneur Lorraine Beato spoke on a panel at Think Realty’s 2016 event in Atlanta, GA, little did she know that the young gentleman wearing a red cardigan asking to apprentice with one of the panelists would turn out to be one of her first flipping mentees. Thurman Robinson son of Professor Therman Robinson - LATTC took an affinity to Beato at the Think Realty event, and he has stayed in touch with her since. In summer 2018, Robinson wanted to be part of a renovation project and before he invested $25,000 into someone else’s project, he turned to his trusted advisor who he affectionately calls his “shark.”

“Lorraine has saved me from losing thousands of dollars,” Robinson said.

Determined to start on his real estate investing path, Thurman M. Robinson brought a potential deal to Lorraine Beato and Rui Beato. She reviewed the details and told him she didn’t feel the numbers lined up nor were necessary questions answered. Beato told Thurman Malik she would help him acquire his own deal and she would mentor him through his first flip.

Beato found a wholesale deal where she felt the numbers made sense and it was the perfect project for a new investor

“This project is a prime example of a “Renovation Rockstar” because I took a young, new investor and successfully helped him flip his first home! Plus, we killed it on the ROI,” Beato said.

After their profit split, Robinson walked away with a 52 percent net return on his out-of-pocket investment in less than six months. Not bad for a newbie — or any investor!

“The next time you attend a Think Realty event, you never know who you are going to run into or what you can learn. Had Thurman not stood up in the front of that room and asked to intern, he may still be looking for his first project or sunk his $25k into someone else’s project and possibly not made any money,” Beato said.

For inspiring professional design ideas, fix-and-flip information, and more visit LorraineBeato.com.

Come to Think Realty’s Atlanta event this month to meet Lorraine Beato and others as they share their experience and knowledge in everything real estate! Get your ticket here.

ARTICLE INVESTMENT STRATEGY SINGLE FAMILY

Renovation Rockstar: Atlanta Flip

Editorial CATEGORY: Article, Investment Strategy, Single Family

TAGS: Design, Fix-and-Flip, Renovations