All Forum Posts by: Bogdan Dragacevac

If you have the time and some extra money I would look into taking some classes at Virginia Tech. I graduated with a Building Construction and Real Estate double major and the RE program at VT is amazing. I know they offer two classes you can take, where if you complete them, you are eligible to sit for your RE license exam.  

@Vaughn Franklin I agree with Jeremy. I am graduating in May and have been looking for a house/apartment to house hack since I have been a sophomore here. While the demand for housing is growing, it is really important to make sure you do your research yourself and not always take what the agent tells you as facts. If you are in the blacksburg area I'd love to get in touch with you and give you information about what the area looks like from a student's perspective, as this will make up the majority of the people who will rent from you. I have lived in multiple different apartment complexes around the area and am pretty familiar with almost all of them from a quality/price per unit perspective. I also just recently did a market analysis for housing in the area for one of my senior real estate classes. Feel free to shoot me a message, I love talking about real estate in general and feel like I could give you some good information about the area!!

Hey this is my first post on bigger pockets. I have been reading posts on a daily basis for about a year now trying to learn as much as I can. I am planning to start saving and get into REI as quickly as I can when I graduate in May.

I recently had an interesting thought that I was hoping someone could help with. 

I am currently a Building Construction major at Virginia Tech and have had experience in the construction industry my whole life. My question is:

Liquidated Damages are a part of every construction contract both for general and sub contractors. That being said, since I have a background in managing construction as a superintendent, if I were to create a schedule that both my contractor and I agree to, it should be possible to create a contract with liquidated damages included right? I've read numerous posts about people being screwed over my contractors, whether it be not finishing on time or going over budget. I feel as though adding liquidated damages to the contract would add a safety buffer to your work. Maybe $50-$100/day that the work is not completed. Having this in a contract would hold the contractor legally obligated for the work and would definitely give incentive to finish on time if not early.

Please let me know your thoughts. As I stated, I have never seen this even mentioned when reading any posts of forum discussions.