All Forum Posts by: Clayton Howard

@Don Konipol- Thanks for the input Don. What’s do you mean by repositioning? I have an idea but I’d like to be sure we’re on the same page

Wanna build a multi unit property profilio leveraging myself using hard money then refinance . I’m licensed contractor 3 states and have crew and skill set to handle the task. I know how risky the strategy is as if the mark tanks or someone get a lot of vancanirs I’d have a huge problem. Just looking for insight from seasoned investors as to where this strategy is sound is I can flip in 10 week max. Currently I’m flipping home (rehab only) in 7-8 weeks. Any thoughts would be appreciated

@Rafael Norat- I am investing in Newark and it’s profitable . if u wanna discuss more PM me

Hey so I’m interested in taking my for profit Construction company from public to private investing my my own properties and that of other I may partner with. I’m curious as to some insight community may have with regard to how the investments can be negotiated using the resources of the company I own (i.e manpower, equipment, Managment and legalities (permits,etc) has at its disposal. Any insight or thought would be appreciated

Hey Community

Current new investor with a few properties looking to create a solid criteria that would be fast and efficient when evaluating a new deal whether flip or hold. Can any experience investors give some insight into the most important mathematical formulas need to evaluate a deal for profitability? To be more specific would we be able to create a list of the, let’s say 10 essential formulas need to properly assess an investment property?

@Bevla Reeves-Thanks for the wisdom. I'm currently attempting to bid auctions on Auction and use wholesalers but I've found in general the prices are just too high. I'm in NJ and investing in Newark, Irvington and other areas seems to be profitable as long as the buy in is low as you have stated. Yet wholesalers are selling these properties for close to what the ARV would be post rehab. Any suggestions as to how I could surmount this obstacle??

@Michael Elfant- this question can be answer a dozen was. The rehab depends on what happens once u begin the work of opening things like that wall it the ceiling for highways. A general number of 35 if u do yourself could be accurate . But if the home is incredibly old and contains cloth wiring or shabby building opening things could uncover more than u bargain for. Beat bet if to keep your number as close to what u pay if u hired a contractor yet control cost to have the additional if u run into a problem. That day what u don’t use is your and if u need u have it.

Licensed contractor in 3 states wanting to stop dealing with public clients and buy and flip my own properties. I have a full crew and connections with license holders in all other trades . I want to know specifically any insight anyone might have that would give me some clarity of perspective on what I can do to start acquiring property and becoming better at deal evaluating

Hey group my question is should a contractor and investor split a deal 50-50 if the contractor is not only discounting the estimate to remove the cost of labor but putting up half of the money? I am involved in a deal where the partner thinks she’s entitled to a 50-50 split although I discounted the rehab and am responsible for 50% of cash to make deal happen. This deal benefits the partner more than me. Any suggestions regarding the situation?

@Dalwin Garcia

Hey new to using bigger pockets and been reading more of what’s offered. Trying to build meaning relationships and contacts. Have a few properties just acquired in AC seems like a hold market as comps for homes sold over last year even are not to encouraging but it’s a good place to build equity and seems to be a solid rental market although not that expensive.