All Forum Posts by: Chris Miller

I use Melio to pay contractors.   Only reason I've been doing it is to get 0% business credit card limit increases.   I do have to pay 2.9% fees when I use it which makes it kinda not even worth doing in my opinion.  The 2.9% fees add up quick

Awesome. Congrats. I'm in a similar situation....11 1/2 years in the game. Soon to be $16k a month cash flow after I finish an ADU build. $19k if I can manage to sell my 6 unit dud and pay my heloc down. Difference is I have way more debt. I love how you've minimized what you have and are super cash flow heavy. Good work!

Quote from @Jeremy H.:

Quote from @Chris Miller:

@Henry Clark

Hey Henry. We bought a 140 unit fixer facility in Louisiana awhile ago and are having a tough time filling it up. We have a website, SEO is better now and we’ve climbed much higher in the google search but struggling to get clients. Any must have advice on marketing? Thanks in advance

 Where at in Louisiana? There's one near me that was purchased and is operating remotely - it's gone to crap. Older facility. Poor lighting. About 50% occupied. Website is standard...the thing is, if they get your info they will literally harass you with phone calls from some place in India. And text you. It was unreal Hi 

 Hey Jeremy.  In Monroe.  We did remodel on this one with new lighting paint, auto gate etc.  In decent shape now.  

Thanks Henry.  I’m searching bigger pockets for « will they come » and I’m not finding your post.  I’m probably not searching correctly.  Any advise on how to get there would be appreciated

@Henry Clark

Hey Henry. We bought a 140 unit fixer facility in Louisiana awhile ago and are having a tough time filling it up. We have a website, SEO is better now and we’ve climbed much higher in the google search but struggling to get clients. Any must have advice on marketing? Thanks in advance

@Matthew Drouin

Ya I’m Definetly not expecting a soft landing. I remember in 06’ and 07’ the same “professional economists” were saying the same thing as they are now. Everything’s gonna be ok…..Definetly not buying it. Neither should anybody else. Prepare now to be in a good position for the downturn that’s coming. Downturns are inevitable. They are part of the economic cycle. They’re just more pronounced now because we are printing soo much money and use debt tools with derivatives, etc in my opinion

@Llewelyn A.

Well said

Thanks for your input Dan.  Y’a this one’s tough cause it’s soo expensive.   Last thing I wanna do is battle the city but can’t swallow paying this much money either lol.  I’ll try to proceed carefully 

Quote from @Chris Seveney:

Quote from @Chris Miller:

Hi All! I'm currently building 2 detached ADU's in the city of Santa Monica,CA on a current 4plex. We are mid build and the city is telling me that we need to run underground electrical from the street. This would require incredibly expensive work as we would have to cut through a public street. And they're telling me that we have to create one main shut off for both panels which would force us to completely redo and upgrade all meters, panel, and go to 400 amp from 200. Basically, It gets crazy expensive. To the tune of $150-$200k. What I thought was going to happen was we would just run overhead wires to a 200 amp panel with its own shutoff which SCE said we indeed CAN do. It's the city that wants all new construction electrical underground. I'm currently trying to meet with the city over this. From what I'm looking into, ADU builds per the state are supposed to be affordable to build as far as utility connections go. Any thoughts? Thanks in advance for any recommendations or advice,

 what is shown on your approved site plan and electrical plan?

Hey Chris.  On plans, it shows 2-100 amp panels on the front structure.  SCE saying if the 2 new meters go on the same building then it’s gotta be a whole new panel upgrade which would take it to 400amp and cost $80k plus.  Sounds like if I can get a city waiver then we could do a second overhead drop to the property.  However the city wants one main shutoff box to include both overhead drops.  Have you guys heard of that?  I told the electrician And he said he’s never heard of that and wouldn’t know how to handle.  The SCE planner even said it doesn’t make sense.  

Hi All! I'm currently building 2 detached ADU's in the city of Santa Monica,CA on a current 4plex. We are mid build and the city is telling me that we need to run underground electrical from the street. This would require incredibly expensive work as we would have to cut through a public street. And they're telling me that we have to create one main shut off for both panels which would force us to completely redo and upgrade all meters, panel, and go to 400 amp from 200. Basically, It gets crazy expensive. To the tune of $150-$200k. What I thought was going to happen was we would just run overhead wires to a 200 amp panel with its own shutoff which SCE said we indeed CAN do. It's the city that wants all new construction electrical underground. I'm currently trying to meet with the city over this. From what I'm looking into, ADU builds per the state are supposed to be affordable to build as far as utility connections go. Any thoughts? Thanks in advance for any recommendations or advice,