All Forum Posts by: Lucero Sanchez

 We built a house in 2008 my husband and I are not contractors but my husband gathered all the man power we needed, he would go to construction sites and speak to the workers to see if they wanted to do a side job that's how we were able to get all the people we needed, we also did a lot of the work ourselves like sheet rock painting and HVAC the biggest challenge was not the fact that we had never done anything like this before or that we built in a bad area and people would steel material to buy drugs, which forced us to buy a fifth wheel trailer park it on the lot and live in it, it was the money and time we did everything cash, my husband was working a full time job 5:30am to 6 or 7 pm (he is an AC tech, and here in AZ the heat is brutal ) and doing AC side jobs after work he would get back around 10 or 11pm than he would pick up the hammer and work on this house we were building, and go to bed around 2 or 3 am sleep for a couple of hours and continue the same rutine. He was doing so many side jobs and putting extra hours to have enough money to finish this thing. We were able to finish a 2000 Sq ft home in less than 5 months. For us it came down to time and money.

We hope to build a 3100sq ft home this year, again we will be our own contractors and if we need to do some work ourselves, we will. Fingers crossed hopefully all goes well. ; )

 You mentioned a track record, how do you make one or start one, all I have is the my bookkeeping and floorplans?

Hi Dave I have a question on this info you gave, is it only for multi family or can it be also done with SF. My husband and I did an FHA when we bought our fist home in 2002, long story short we took out the equity and made that money grow, so that was the only time we have financed from that point on we have done everything cash, so we are not familiar with financing.

We would also like to get information on construction loans can you point us to the right direction?

 Good advise, will do. Thanks.

@Dax Desai

Thanks for the info, I found 2 companies in AZ one was 84 Lumber they told me they didn't have the time to do one for me they didn't even look at the plans, the other one was Alliance Lumber and they were glad to do the "takeoff" for me, they said it will take them 2 weeks to get me the info. 

 Yes my husband and I have worked super hard and still work hard for what we have and for what we want for our future, it's true the path is made and of course my daughter can definitely follow she sure wants to. We will be her mentors, financial advisers and support, something my husband and I didn't have. 

We are going to place our live in flip property for sale this April and brake ground for our new home in June or July, mean while we will need a place to live, my daughter saw an opportunity at this point, she said that she can use the money she has been saving as a down payment to a house where we can live in while our home is being made. That's how she can start her first investment. So I see she has the eye of an investor already I'm sure she will be successful in this business with or without college.

Thank you for taking your time to reply.

Wishing you success;) 

Lucero 

That's cute, looks like she's learning from you. Keep guiding her the right direction and she will be very successful. My daughter is 18 years of age and has been listening to us since 2002 about REI she and my 13 year old daughter know so much about Investing and RE, when we are driving around looking for properties they join us and we ask them for their input on the properties if its a good buy or not, the majority of the time they get it right, its funny and cute hearing my 13 year old asking if the property is a 3/2 and how many square feet, shows they listing to us. My 18 yr old got her first job at 16 and has been saving since, she is focused on purchasing her first investment by the time she is 20.

Our children are little sponges they absorb what we teach them, so lets show them how to be better people all around and be successful. 

We wish you and your family success in every aspect. ;)

@Maurice Bey 

I don't know much about whole selling (we are flippers) but it seems like   

@Joe McCall just gave you all you need to be a successful whole seller, it's all up to you now all you have to do is DO IT. 

Remember in this business you need to be patient, persistent and focused. You can do anything if you are determined. 

We wish you success ;) 

Congratulations!  We wish you success! !

@Caroline Hedin

@Cameron Skinner

@Matthew Kreitzer

@Dax Desai 

@Chris Allen

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@Jim Adrianundefined

Great news, I got my floor plans yesterday the architect I was talking about on my post came through on his word this time, he apologized but did not tell us why he kept pushing the date, he also gave us an invoice which says that if the city rejects the plans he the architect will fix what needs to be fixed with out extra charge. 

I was able to speak to another person that has used this architect before and he said that he is a bit disorganized and kind of a slacker that he needs to be pushed, but he eventually gets it done. So I guess we wont be recommending him anytime soon :(

But we are happy that we finally got the floor plans, yay! hope to break ground June or July of this year. 

I have a question does anyone know who we can go to that can measure the floor plan to get the exact lumber amount needed for this house? I know its not a contractor I just don't remember what that person is called or where I should look for one, you just pay them an amount and they tell you exactly how much you need.

Any help would be great. Thanks again everyone again you are very helpful.