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All Forum Posts by: Account Closed

Account Closed has started 2 posts and replied 147 times.

Post: Serious Life-Changing Dilemma - Became Aware Of Major Fraud

Account ClosedPosted
  • Posts 154
  • Votes 108

I always hate how bid and descriptions of contractors are always short with minimal details.

thats why I became a gc and can now track things much better.

its going to be tough to take this one to court without photos before and after. Might consider taking the lumps, firing him and moving on and then being more through in the approval process of accepting bids.

Post: Upgrading Underground Powerlines - Trenching PG&E Bay Area

Account ClosedPosted
  • Posts 154
  • Votes 108

You're responsible.

we recently had to horizontal bore under a highway and pull 4" conduit for 3 phase primary.  

Sometimes they will have contractors that can do the work and bil you but be aware they may charge you for two conduits for future growth and as a backup.

Post: Tenant's Girlfriend Staying Too Much?

Account ClosedPosted
  • Posts 154
  • Votes 108

Sounds like you might be violating the right to reasonable privacy a little...

as long as he pays, who cares....do your inspections yearly or whatever

Post: Dallas builders/developer directory

Account ClosedPosted
  • Posts 154
  • Votes 108

Going to be tough, most home builders have their own land and the ones doing custom builds are going to be booked up.

what part of the dallas area??

First step is talking to a civil engineering firm. They will know everything that's needed and put a real dollar amount on the project

Post: Searching for insurance for new rental property

Account ClosedPosted
  • Posts 154
  • Votes 108

Usaa funded me today instantly over the phone for a sfh rental

I trade stocks, flagged as ptd and I make way more trading but it's also more risky.

that said... I'm taking trading money and investing into spec home new construction and sub division development. In the end I think it will be far more profitable just takes a ton of money to get started.

Post: Owner Financing to Current Tenant Advice

Account ClosedPosted
  • Posts 154
  • Votes 108

Whatever you do don't owner finance.... Lease to own! I can give you more details if you need

Post: Turnkey provider not allowing access to new construction home?

Account ClosedPosted
  • Posts 154
  • Votes 108

I sell turn keys, I'd be happy to show you my competitions work on their site and let you see my construction site any time without notice.... It's really not a big deal.

point being.... Just go to the site, poke around like you own the place, take lots of photos and ask questions. The subs and employees of the subs don't give a crap who you are.... This isn't top secret work.

what is your gc charging you? What's your expected profit per sqft where you are?

Post: New Construction vs Rehab Property

Account ClosedPosted
  • Posts 154
  • Votes 108

You might find that building new and working with a general contractor will yield more profit in the long run. It's essentially like buying wholesale. Expect to save 15+% on the cost of the home and potentially save 6% on realtor fees as well as the markup on the land itself.

if you wanted to earn 8% on your money, we are always doing new construction and usually limited on a maximum number the banks let us loan for. For example, most of the banks we work with have a maximum of 2 homes at a time and we borrow from 5-7 banks at a time in addition to private money.