All Forum Posts by: DongHui Patel

DongHui Patel has started 30 posts and replied 94 times.

@Andy Nathan Can you share one or two examples from hard money lenders?

0 Votes

Does anyone here have a rate card for a plumber? I can adjust it for my location just want to have a specific job (Ie Water heater installation, drain reroute) general pricing per task

0 Votes

Orange County, California

@Nick M. Did you ever get the plumber rate card? I am interested in sharing if you wish.

0 Votes

Are you willing to mentor a Californian looking for some GC advice? I am an investor looking to get a better understanding of the trades so I dont get screwed over.

0 Votes

Quote from @Joseph Firmin:

I would include terms for completion date, bonus for finishing earlier than that date, penalty for finishing late. Terms that all work will be done to your satisfaction with a punch list and final walk through prior to final payment being released. This contract can be the contractor's bid, but with the additional language added.

@Joseph Firmin Do you have an actual contract you can send ?

0 Votes

@Natalie R. Can we connect? Would like to see what was learned from the contract and if you have something you can send me. I am in your same shoes, just in 2022.

0 Votes

Quote from @Victor S.:

Just like you would vet your tenants, vetting contractors is paramount as well. Will also mentioned detailed contracts, penalties, clear RAA, etc. I think there needs to be some sort of an escrow service established that would shield both the customer and the contractor. Say, you have a large job that a normal contractor would require an advance for. It's great and all, but doesn't protect you from them doing a quick one on you. You would then deposit this advance into escrow and the contractor would have to provide some sort of proof on where these funds would go/went (they could purchase materials equal to said amount and present the invoice as proof). It could still go sideways with either party reneging, but that's where a solid contract comes into place. At the end of the day, nothing is guaranteed, so you have to do your best in protecting yourself, aka risk management.

Victor - do you have a sample contract you could send me?

1 Vote

I am looking for 2 things

1) advice on how to deal with a unlicensed contractor. The person I am dealing with seems trustworthy and had done multiple homes in the area (with the same scope of work). He works as the manager for a GC but also does his own conctracting.

2) Sample contract - and would it even be enforceable? What is the payout schedule ?

0 Votes

Orange County, California

@Stephanie Freed Its been a while- can you give me a update on your experience with Anderson? I am looking into them for Tax Planning and also Protection

2 Votes

Quote from @Ovidiu Bota:

These guys aren't able to get anything done in a timely manner...

Which guys? Anderson Advisors or KKOS?

0 Votes

1 2 3 4 5 6 … →

All Forum Posts by: DongHui Patel

DongHui Patel has started 30 posts and replied 94 times.

Post: Rehab estimator software

Post: Rate Card for Plumber

Post: Suggestions for a Plumber rate card

Post: North Georgia General Contractor - Mentor

Post: Contractor CONTRACT? Help

Post: Contractor CONTRACT? Help

Post: Contractor Contractor Contractor........

Post: CA - Contractor Contract for unlicensed contractor

Post: what are your thoughts using Anderson advisors?

Post: KKOS Lawyers and Anderson Business Advisors - Recommendation?