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Event ID: 243818 Event Status: On Schedule
Event Description

6:30 - 7:00 pm Earlybird/Networking

7:00 pm - Shark Tank Real Estate Style  Download Shark Tank Rules

SHARK TANK RULES

SHARK TANK- local “Sharks” (seasoned investors with cash in hand) may fight for the Opportunity to Buy your Property or do a deal with you at the Shark Tank meeting!

Participation Application & Instruction

At our Shark Tank Meeting, Toledo REIA will have our very own version of the smash hit ‘Shark Tank’/fun entertainment and valuable learning opportunity. Witness real life investing decisions from some of the biggest investors in the city.

Toledo REIA has chosen seasoned investors who all have the capability to act and close quickly! Each of the ‘Sharks” have different investing specialties and will be able to buy, partner or fund  deals participants bring to the table, if they deem it to be a good deal and accept your terms.

WHO CAN PARTICIATE

ToledoREIA is actively taking submissions for all dues paying members of Toledo REIA. If not a member you and JOIN Toledo REIA and be eligible.  Go to www.ToledoREIA.com and click JOIN.

No more than 6 participants will be chosen, by Program committee based on criteria below and on a first come basis. Each applicant can only submit ONE DEAL for consideration.

If you wish to submit one of your deals to the sharks to buy, partner of fund….please see the instruction for submission instructions below.

STEP 1: Submission Instructions-

Submission deadline: 1st of the month, noon

Submit to: AnnaMills@bex.net

Application basics should include (IF APPLICABLE):

·        Property Address

·        ARV

·        Purchase Price

o   Or Fund requested

o   Or Partnership proposition

·        Repair Price

·        Picture of property

·        What your “DEAL” is (partner, fund, equity, etc.)???

·        Proof of equity in the property???

·        Your name, telephone, address, email, bio, photo

No application will be reviewed for consideration until/unless EVERYTHING is submitted by the stated time.

Only ONE email reminder will be sent for missing info. If you choose not to respond within the time frame application will not be considered

Final selection will be done by the committee the week prior to Shark Tank.

STEP 2: Deal Review-

Application Review: All complete applications narrowed to approx. 6 deals.

 

 

STEP 3: Presentation Preparation

Once accepted as one of the official Shark Bait, your work is NOT over.

Property Photos: Submit your own photos of the property (max of 20) in digital format.

Presentation: Average 4-6 minute presentation with 6-8 minutes for questions by the Sharks. Address & Pictures will be broadcast on the screen.

Presentation Outline:

·        Offer: Start by presenting in a short concise manner a summary of what SPECIFICALLY you’re looking for from the sharks $$$. Follow with the financial details and facts about the property. Remember 4-6 minutes.

·        Know What You Want: and ask up front (private money, interest rates, partnership, work and split, wholesale etc.). Be specific.

·        Know your Numbers: Be able to discuss with confidence and ease. Such as

o   ARV After repair value. What is rent, sale after repair?

o   Purchase (contract) price: Why? History? Timing on contract

o   Details: Security? Closing costs? Your money input, if any

·        Come prepared & thorough: know your numbers to catch a Shark. Unprepared with no answers = Shark Bait!

Additional Tips:

·        Know what you’re asking for and why. Know what you will or will not accept prior to presentation.

·        Shark Tank Style: EX: looking for $80k on a home that sells for $140k after $30k rehab. Split profits etc…

·        Understand your exit strategies, marketing, realtor? What’s backup if no sale.

THE MORE KNOWLEDGEABLE YOU ARE ABOUT WHAT YOU’RE ASKING THE BETTER YOUR CHANCES

There is no guarantee that any of the sharks will take your deal, regardless of how ‘good’ the deal. I’s solely up to you to convince & ‘sell’ the Sharks on taking your deal. In the past, all deals have had offer!

Event Details
Event: Monthly General Meeting - Shark Tank Real Estate Style Members: Free
Where: Knights Of Columbus Hall Non Members: Free
Address: 4256 Secor Road Meeting Place: At Event Location
Location Website: n/a Meeting Address: Same as Event Location
Meet Loc Website: n/a Meeting Time: 6:30 PM
Location Phone: n/a Parking Cost:
Start Date-Time: 10/10/2017 - 6:30 PM Reg. Deadline: 10/10/2017
* End Date-Time: 10/10/2017 - 9:30 PM PrePay Required: No

Event Leader:
Anna Mills
Contact Leader
     

Payment Details: 1st meeting is free for non-members.

Location (More Detail)
Event Location: Knights Of Columbus Hall
Address: 4256 Secor Road
 


Members: 1 Max Attendance: No Limit
Guests: 0 Spots Available:
Total: 1 Guest Limit: No Limit


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