All Forum Posts by: Daniel Wood

Hi everyone,

I am generally new to BiggerPockets, but I just wanted to post about an owner’s project management company that can assist in real estate endeavors. The name is Talon Construction Consultants. We want to get involved in projects at any stage, including but not limited to pre-design - before design teams are even on-board. We offer all owners project management services to establish and monitor budgets, schedule, quality, and risk. This includes using our network to obtain/bid proposals for architects, engineers, expeditors, and contractors for competitive and fair pricing. We also review and protect the owner’s from additional cost requests (change orders) from contractors. We monitor contractor schedules and ensure delays can be mitigated and verify validity. Also, our technical experience as well as project management background allows us to implement proper quality control measures. Lastly, long distance investors can rely on us as "boots on the ground".

Most importantly, our fees are not based on construction costs. Contractors profit goes up as unforeseen conditions and construction costs rise. Ours do not. We a request lump sum fee at the beginning of the project that does not increase as construction costs do - this eliminates conflict of interest and allows us to be the true guardian and fiduciary agent of the owner. We are an on-site presence, in the owner’s “corner”.

My partner is very experienced in the technical aspect of construction while I am heavily experienced in complex project management (~ $700M in complex projects managed with my CCM Certification via CMAA). That, coupled with our recent inception make us more motivated than any other firm to provide the best service at an affordable cost.

Not sure if I am allowed to post links to external sites on this forum, so please respond here if interested at any point!

Hi everyone, 

I am generally new to BiggerPockers, but I just wanted to post about an owner’s project management company that can assist in real estate endeavors. The name is Talon Construction Consultants. We want to get involved in projects at any stage, including but not limited to pre-design - before design teams are even on-board. We offer all owners project management services to establish and monitor budgets, schedule, quality, and risk. This includes using our network to obtain/bid proposals for architects, engineers, expeditors, and contractors for competitive and fair pricing. We also review and protect the owner’s from additional cost requests (change orders) from contractors. We monitor contractor schedules and ensure delays can be mitigated and verify validity. Also, our technical experience as well as project management background allows us to implement proper quality control measures. Lastly, long distance investors can rely on us as "boots on the ground".

Most importantly, our fees are not based on construction costs. Contractors profit goes up as unforeseen conditions and construction costs rise. Ours do not. We a request lump sum fee at the beginning of the project that does not increase as construction costs do - this eliminates conflict of interest and allows us to be the true guardian and fiduciary agent of the owner. We are an on-site presence, in the owner’s “corner”.

My partner is very experienced in the technical aspect of construction while I am heavily experienced in complex project management (~ $700M in complex projects managed with my CCM Certification via CMAA). That, coupled with our recent inception make us more motivated than any other firm to provide the best service at an affordable cost.

Not sure if I am allowed to post links to external sites on this forum, so please respond here if interested at any point!

I recommend buying books on RE investing and actively taking notes. Highlighting, etc.

Hi, I am new to the BiggerPockets platform (both forum and podcasts) and recently took an interest in real estate investment. A quick background. I am a 24-year-old college graduate. I majored in Construction Management Engineering Technology and currently work as a project manager on Long Island, NY. I recently purchased the above mentioned book written by Brandon Turner and throughout each chapter I highlight key points and jot down questions, which I will be posting here for feedback. A few questions I'd like to discuss in this thread are:

1. Is a mortgage payment with MIP (when utilizing an FHA Loan for an owner-occupied investment) less than if I were to acquire my first property the typical way. Typical way being 20% down with a typical loan/mortgage (ie. mortgage payment with no MIP).

2. When utilizing an FHA loan, can I elect to put more than 3.5% down to lower my monthly mortgage payments?

3. If I elect to use a 203K FHA Loan, and a contractor reveals unforeseen conditions during his renovation, will the 203K be adjusted to cover this? If not, what is some typical language put in contracts with contractors to shift that risk onto them? Example: "owner is not responsbile for neglegent detection of existing conditions during walk-through".

4. Would you recommend utilizing a 203K loan to flip houses (buy, reno, sell) or use them just to buy, renovate, rent (and potentially refinance or hold for equity)?

Not all of these need to be answered and I appreciate any feedback.

- Dan W.