THINK REALTY NEWS
THINK REALTY BENEFITS
84 LUMBER
Think Realty Partners with ATTOM Data Solutions n November, Think Realty announced a new partner- ship with ATTOM Data Solutions, the curator of the ATTOM Data Warehouse, a multi-sourced national property database that blends property tax, deed, mortgage, foreclo- sure, environmental risk, natural hazard, health hazards, neighborhood characteristics and other property charac- teristic data for more than 150 million U.S. residential and commercial properties. The relationship allows Think Realty Magazine to feature data-driven articles and infographics from ATTOM Data Solutions’ award-winning publication, Housing News Report. Raw data will also be available to Think Realty to inform reporting and educational content. The partnership ensures Think Realty’s audience and membership have access to the latest real estate market information, data and trends. “For investors to make good decisions, they must be knowledgeable,” said Eddie Wilson, president of Think Realty. “The insight ATTOM Data provides is fundamental for real estate investors that make a practice of aligning strategy with markets and trends." • Think Realty Expands Membership Benefits Through Latest Acquisition I hink Realty members will now be able to access significant savings on a vast array of real estate-related goods and services thanks to the company’s recent acquisition of Commu- nity Buying Group (CBG), a 60,000-strong membership program founded in 2012. CBG, now known as Think Realty Benefits, connects real estate investors, contractors, and property managers to members-only savings at nearly three dozen relevant retailers, including Sherwin-Williams Paints and Sunbelt Rentals. “It’s important for real estate investors to keep costs in T
check. The benefits we provide help do just that,” said Eddie Wilson, “This is one more way we can add value for Think Realty Members.” Ben Rao, CBG’s former president and a current Think Realty coach and executive vice president, added, “This ac- quisition gives us more resources to better serve members. It is great to be involved with a forward-thinking company like Think Realty.” Rao hinted that three new retailer and supplier partners would soon be revealed. You can learn about one of these new members on page 9. •
84 Lumber's kitchen design consultants work with investors to scale beautiful kitchen projects at all price points to expedite work and maximize returns.
CONNECT FOR SUCCESS IN 2018 AT THINK REALTY CONFERENCES & EXPOS
Bringing Consistency & Scale to Kitchen Construction and Design
MEET 84 LUMBER.
February 24-25, 2018 | The Westin Galleria Dallas
ix-and-flip investors know better than anyone just how important the kitchen is to overall investment returns, but knowing how and at what level to do the right kitchen remodel is vitally important. According to Remod- eling Magazine , minor kitchen remodels return roughly 93 percent at resale in a home, making them imperative for many investors flipping to retail buyers, particularly in hot markets where investors are compelled to purchase and renovate older properties to make their deals work consistently. “More and more, we’re seeing inves- tors on all levels, from homeowners to home-flippers to multifamily builders, coming into our design centers and asking for not just one set of prices and materials, but at least three: good quality, better quality, and best quality,” said Mark Reginelli, director of world trade at 84 Lumber, a building supply company with 260 locations nationwide. Reginelli said that in recent years, 84 F
Lumber has found its services in kitch- en design, consultation, and scaling projects in increasingly high demand as the minor kitchen remodel becomes a major factor in real estate investments. “We started out as a cash-and-carry company that dealt mostly with roofers and remodelers, but we also stocked kitchen cabinets at that time. As our company and client base grew, we dis- covered that they needed consistency, we became a trusted source for multi-state and multi-market projects, ” Reginelli explained. The 84 Lumber Kitchen and Bath Design Studios spread quickly across the country and are still growing. Reginelli noted local remodelers and contractors will often do between 15 and 20 projects a year, and real estate investors on the same scale may do between one and two dozen. “These companies need as much consistency in their models as possible to make good investment decisions. They will often come in with a blueprint for a kitchen
and want to replicate it across the board every time they take on a new project, much the same way that a developer will when they build a new subdivision. We found that the studios are equally attractive to these really large clients and individual investors,” Reginelli said. 84 Lumber’s studios offer three-dimen- sional modeling so that investors can view their designs and swap out different looks and price points to reach a combination that meets the demands of both their markets and their budgets. “The same basic kitchen might add $1,500 worth of value in one market and $15,000 in an- other,” Reginelli said. “It’s vitally import- ant investors have the ability to translate that from market to market.” •
April 14-15, 2018 | The Marriott Inner Harbor at Camden Yards
July 14-15, 2018 | The Marriott Irvine Spectrum
September 22-23, 2018 | The Westin Buckhead Atlanta
DID YOU KNOW? Investor-Level Think Realty members receive free or discounted access to national and regional networking, learning, and deal-making events as part of their membership privileges. Learn more at https://thinkrealty.com/membership.
84 Lumber was founded in 1956 by Joe Hardy, Sr. and is owned and managed by his daughter, Maggie Hardy. Learn more at https://thinkrealty. com/membership/.
8 | think realty magazine :: january 2018
thinkrealty . com | 9
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