Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Account Closed

Account Closed has started 2 posts and replied 147 times.

Post: Owner-Builder looking for Plumber/Electrician

Account ClosedPosted
  • Posts 154
  • Votes 108

Where in California? I know an excellent electrician I can send your way 

Post: Lubbock Texas thinking about Multifamily investment

Account ClosedPosted
  • Posts 154
  • Votes 108

We have been building turn keys and sfh in Arkansas with great success.

Post: Looking for some advice for re-negotiations with a seller

Account ClosedPosted
  • Posts 154
  • Votes 108
Originally posted by @Wayne Brooks:

@Account Closed @Lien Vuong “As Is” doesn’t mean there is no inspection clause Or that the seller won’t make repairs/negotiate for a lower price.  It simply means the seller isn’t agreeing In Advance to make any lender required repairs.

 Never said there wasn't an inspection clause that allows the buyer to back out. Just that it's as is and the seller has no obligation to repair anything...it's as is.

i sold some property as is and the buyer requested I pay to remove a trash pile. My realtor sent cry faces to their realtor in a text and said absolutely not on an as is sale.

Post: Looking for some advice for re-negotiations with a seller

Account ClosedPosted
  • Posts 154
  • Votes 108

As is kind of means just that.....as is. 

This sub division is from the $252,000's and up depending on sqft.

Think higher end spec homes with a ton of features you would normally see In a custom home.

Post: Who are the best turnkey providers?

Account ClosedPosted
  • Posts 154
  • Votes 108

We do turnkeys but I think we would be outside of your budget. Might have some other opportunities though.

I don't use licensed roofers for my new builds, that said they operate under my license and I inspect 100% of the roof.

i don't blame you, roof companies near me charge $165 per square labor only and my unlicensed guys charge $45. It's a no brainer there.... 

I just started a roofing company for my sub division and hired 4 guys and have them ownership in the company. 

Post: Vetting a contractor

Account ClosedPosted
  • Posts 154
  • Votes 108

Here is what we do to vet a contractor:

1) Verify license, bond, insurance. Emphasis on verifying

2) References are a must and must be actual business references not friends/family. For example we ask for trade references that they use like suppliers of materials, and we call to verify they pay their bills on time. This weeds out the one with bad business management skills

3) Ask for photos of work, most don't have any but if they do they will have lots

4) Ask how they charge for work, I've found that they are almost always never consistent and you might pay $30 an hour for tile work and $100 an hour for a window replacement if you are using a jack of all trade contractor (not all of them are bad, they cant master everything with doing work and managing their quotes...you will need to learn to negotiate pricing with these)

5) If you want no headaches at all, be prepared to pay more. The contractors that typically charge more should have the following

a) brick and mortar building where they are located

b) company vehicles that arent old pieces of crap

c) proper website, phone number that someone always answers, responds to emails each day or sooner

d) has a proper printed invoice/quote for all work

6) one thing that will irritate the crap out of you is, they ALL want to come out and lay hands and eyes on the project before they quote no matter how simple or difficult the work is and it doesn't matter if you send them a 4k video that been shot and produced by a world class movie producer. It's almost like they enjoy wasting drive time to quote out something and they can add money to the quote that way.

7) Set deadlines for every project and stick to them and have penalties set for the contractor missing the deadline. Any seasoned professional will know how long it will take and they will under promise and over delivery on that time and usually quality.

8) Never pay more than 50% up front and depending on your state, there are limits on how much you can pay as a deposit or down payment. California limits you to $1000 maximum. I personally, pay nothing up front ever. This is a sign of cashflow issues for a contractor and any business really unless you're elon musk and take deposits to hold a spot in line, you really dont need deposits if youre business is healthy.

Another thing we do is have a form with the contractor information on it for your own use. Im able to track job completion dates, issues that we had, and the form helps to give a "score" on the contractors performance. Over several jobs, if the avg is less than 70% we have a talk about the performance and if they are willing to listen I give them another chance, if they blow it off, I never use them again.


The absolute most important part of all of all is payment....if you manage your contractors like I do, you absolutely have to pay on time, same day the job is done and approved. You must go out of your way to make sure they are paid, checks dont bounce for any reason, that money will go to their account no matter what! If you cant do this, then you should give your self a score of ZERO and never hire yourself again!

Post: Vetting a contractor

Account ClosedPosted
  • Posts 154
  • Votes 108

I can't help you with a contractor in your area but we vet contractors all the time for our spec homes.

what type of project is this?

Post: How to put together an out of state investing team

Account ClosedPosted
  • Posts 154
  • Votes 108

Partner with someone that already has boots on the ground.

whats your goal here?