All Forum Posts by: Carlos Eliz

@Lynnette E. That is a good contract term. I could not get commitments on delivery dates because of scarce workforce in my area.

@Allan Smith thank you for the reply. Life now is what I don’t understand all the books and advice I have is based on pre-pandemic terms. What is a reasonable delivery now?

Hi,

I recently bought my first investment house. I found it thru my real estate agent. It was owned by her client and in need of repairs. I requested bids from several contractors in the area. None of them wanted to commit to specific delivery dates because of covid and a hot market. They are having a hard time retaining workers on site, seems there is a bidding war for their skills. A three week effort is now going into fifth week. I need to protect my investment.

What do I need to do now to get things moving?

If the suggestion doesn’t work, what do I need to do next and how do I prepare to take action?

Hi BP family,

I’m looking into construction loans. Do you have any lessons learned, builder contract clauses, contingencies that should be considered before I embark on this venture?

I’m looking at new single family construction on a family owned residential plot of land. I will be buying this from a family member. Do I roll this purchase into the loan, how do I do it, when do I close the land purchase?

Thank you

@Jerryll Noorden appreciate your advice

@Scott Mac thank you

@Julio Garcia thank you for the input

@Joseph Bushnell thank you for the reply

Looking for a good source to estimate construction costs, land fill, compact, foundations, framing, electrical, sheet rock, plumbing, cabinets, paint and finish

I am looking at this house. What improvements would you suggest for a flip vs a rental?

https://www.zillow.com/homedetails/1104-Blaze-St-Celebration-FL-34747/54410347_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare