All Forum Posts by: Account Closed

@Allison Leung I really appreciate BP, I would like the mobile app to be more user friendly.

Many people use their phones for everything.

@Quynn Costello looks great nice job! This niche is promising...especially in the foothills

@Jia Lin just like Wayne said read up on contractor license law. Something is missing. You should already have preliminary notices in hand. This process has been in place for a long time. It is to protect subcontractors AND suppliers from non payment by a G.C. I'm not a lawyer or very well versed in Illinois license law but here in California its called a 20 day preliminary notice. Maybe also read up on how many trades a GC can execute themselves. Many states have requirements that there are various specialty contractors executing work, that might help you to know in advance if there's more than 1 license on your job.

@Melanie Johnston thanks so much Melanie, I was really impressed with the area where down there (pre covid) surprised with the upbeat attitude of small businesses and the amount of millennials. Spent some time around ASU and downtown. I am in contact with friends an the environment is definitely different than California. I can't help but think that Phoenix may very well be one area that really does rise from the ashes (sorry couldn't help it)

@Johnny B Bad thanks Johnny, pardon my stupidity do I link? Search? App user ;)

The thread on the Las Vegas market has been a major help providing leads for me to do more research and I'm really hoping to get more info on Phoeni. I've noticed some inspiring companies and jobs relative to manufacturing. Nikola, printed circuit board companies, machine shops, contract manufacturers etc. Plus the trades. GPEC is inspiring and the business climate seems more appealing than California. What do you think of Phoenix's future? I was also very interested in the BP thread on cash flow/appreciation were the only place other than the heartland of America was San Tan valley. Please Phoenix locals share. TIA

@Jennifer Ward final inspection and when the utility issues a meter release. The building dept inspect that the work was done to national, state and local codes. The utility will not reconnect until they get the meter release from the building dept. Payment terms are outlined by the licensing entity for the electrical contractor. Its usually published, in California its called the business and professions code.

@Takeo Kingi with all do respect this thread is not about negativity. It is the free exchange of information which is real news. As a business owner my employees are my family and their well being is squarely on my shoulders. Our eyes are wide open and bear the responsibility of seeing into the future as far as possible. The extension of the lockdown is yet another realization that many newly minted investors (biz owners) are seeing happen in real time. California and the nation as a whole are very diverse areas of thought and lifestyle. You made a great point about everyone maintaining their physical and mental health!

Thank you

"We have nothing to fear but fear itself "

Hope this is useful to flippers etc

I see a lot investors, especially new flippers, struggling with rehab estimates.

McCormick has really good software to estimate costs. There's also great books like the national plumbing,painting,electrical etc. estimators guide. I think they are by craftsman book. These books and software can really help people understand the TRUE costs. Use the labor hrs and just enter your region rates.(remember a plumber in Alabama charges different than san Francisco)

The labor hrs haven't changed much over the years so older books are fine. We've been building long before those flipping shows on tv. You can get used books from college bookstores or those online book resellers. Another thing...why buy product from retail box stores? That's retail, we're businesses and business buys wholesale. So use distributors like a pro would. Better product, better warranties and better trained reps. Hope some of this helps. All you experienced investors please share your ideas because there's gonna be opportunities to coming up deferred maintenance and distressed properties.

I agree about the economic pains especially restaurants. Low margin high volume industry. I don't know about your 55+ comment. Check out the average age of a tradesman or contractor.  We're mostly silver haired  :) I'm 58 and can work circles around most 30 yr olds. I sure hope ageism doesn't become part of the American lexicon because I'm not going down without a fight.