All Forum Posts by: Bob Razler

Hello @Stas Finelt.  I have a few that I know well.  Are you looking for a broker for investment deals or just buying a home for yourself?

Hello @Mike Moss!  Welcome and congrats on your decision.

I am in PBG and started recently as well.  I am happy to share anything I learn along the way!

Hello:

I agree with @Nick C..  Once you pay them, they will never come back.

Sadly most contractors are great craftspeople but poor businesspeople.  They usually need payments from ongoing work to buy materials for the job they just won.

The best way to handle payments with them is to set up a schedule of regular payments, triggered by objective milestones, and to hold back 5-10% in retainage until after the work is complete and approved.

For example, if you are doing a roof for $24,000.

$6000 @ demo (less 5% - $300)

$6000 when roof material is delivered to the home (less 5%)

$6000 when tiles are on the home (less 5%)

$6000 when roof passes final inspection (less 5%)

$1200 in retainage paid to the contractor once owner signs off that work is 100% complete (site is clean, no driveway stains, no stains on home, etc.).

Granted this is a rough outline and your negotiation will vary, but you need to always stay just a little behind in them to motivate them to finish your work before running off to the next paying customer.

Good Luck,

Bob

Ok, I am a moron.  Thanks!  :-)

Hello:

@Brandon Turner mentioned on the webinar yesterday (between the video dying - that was a rough one Brandon, but you handled it like a true performer.....the show must go on) that we could add our company logo to the BP Property Analyzer Reports.

Does anyone know how this is done or do you just do it by hacking the PDF after you create it with your ninja-level photoshop skillz?

Thanks,

Bob

Hello @Brent Langlois!  It's a rough market.  I have made a few offers but no bites yet.

@Douglas Mack that is great to hear.  I hope you love the area as much as I do.

Hello:

Completely understandable.  I think your best bet might be looking for a turnkey supplier.

I did a google search for the best markets the invest in rental real estate and you see a few great options (I see Miami is some of the lists so I think they might be basing it more on recent appreciation and not the availability of deals.

Once you identify a market, a good turnkey supplier can get you an easy in.

Bob

Welcome!  You came to the right place!

Nice!  I knew you would love it there.  I realized I didn't warn you about how RV unfriendly the entrance was!  I hope you parked across the street!  :-)

I hope you got a chance to tour the area.