All Forum Posts by: Brian Pulaski

 With flips I only hire subcontractors so for me my SOW is based on the trade I’m hiring. I wouldn’t create this until the keys to the house are mine. As I run my numbers I don’t create a formal SOW, but do have a spreadsheet breaking down my budget for what I want/need to fix on the house. After I get the house, I then make the SOW for the subs to review and bid. Doing one for every house I see but don’t get would be far too time consuming. 

Just keep in mind, an inspector won’t build a flip SOW. Inspectors don’t know or care about opening walls, removing wallpaper, painting things, new cabinets etc. That’s not to say getting an inspection isn’t a good thing. 

I personally run my numbers based on my initial photos/info. If it pencils out I schedule to see it. From there I tailor my numbers. That’s when I decide to make an offer or not. 

I would probably do the downstairs work, but along with a larger master bath, I would get a half bath off the main space as well. Now you have a 3/2.5 which would be much more desirable than a 4/2 or 3/2 with the master being the guest bathroom.

It’s almost a guarantee when you measure a property it won’t match exactly to records. Tax record usually have a perimeter measurement they base total SF off. How did you measure?

Also there will 99% chance be zero recourse after the fact. You should verify before if you questioned it.

Is the siding in need it replacement? If it’s solid but ugly, paint it. A more modern color (neutral) and then replace or paint the front door to contrast/compliment it. Beyond that, I’ve found nice grass, nice mulch beds and the exterior can be changed fairly dramatically.

Is Your area of NY like down here? We send an offer on a form. The seller signs the offer (once priced agreed) and send it back. The seller is then the one to create contract and sends it to the buyer. The buyer then signs and sends to the seller for their signature. Did your deal make it to the actual contract or was it the offer stage that was signed?

I also don’t know that the agent caused this deal to fall apart. If my agent brought me an acceptable cash offer but didn’t like the guy... too bad. I’m in business to buy and sell not lose out on a deal because my realtor doesn’t like someone.

@William Webb as well... I wouldn’t be looking for contracts from this thread. More of an exercise on what not to do/allow in a virtual wholesale.

So when you added work, he stated that would cost extra money? Did he ever tell you what the added costs were.

Best practice for ALL added work is for you to request it and request him to provide a price before he does any of the additional work. Create a change order on the project that you both sign (description of work, costs associated and any drawings/plans attached) and there are no questions later. If it’s an item that can’t reasonably be bid as a lump sum, then agree to a time and materials type deal where you track the time associated with the work multiplied by the rate and added to the material cost. 

Often times people ask for additional work, contractor does it and then wants to be paid for it. Homeowner/investor thinks they are being ripped off. Without knowing the scope you added, how much extra time and materials it involved, there’s no way to say whether he’s being honest or not.

This thread delivers. I can’t believe the amount of people coming on here, encouraging and congratulating the original poster without seeing that HIS WHOLESALE DEAL (I can’t stress that enough, he is the reason this deal existed) caused someone to be scammed out of $10,000...  

To all those new posters who are skipping to the end...

Please take a moment and read how this has and continues to unfold. This deal ended up scamming someone out of $10,000 (of course taking the posts as they are written) and in all honesty it paints an example why virtual wholesaling can be problematic for someone new to it.