All Forum Posts by: DeWayne Mann

Pay for weekly progress. If contractor completes scope of work, pay them for work complete. You dont pay, they tear out what they completed and bulldoze your home. Sounds fair to me.

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@Jeffrey Grieshop Maybe the same way some houses were sold for $1.

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@Jared Baker Have structural engineer look at it and get a cost to fix. Then offer accordingly.

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Because Alabama recognizes Series LLC, You can open a Texas LLC and put each alabama property under the Texas LLC as a series. That is my understanding and what was recommended to me, which I did. but have yet buy an alabama property. Washington state does not recognize Series LLC.

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Hello All,

Looking for funding for build on Washington coast growing market. 90k needed. Plans approved, Lot is purchased, Lot is cleared, water meter installed, PUD power installed, ready to build. Terms are negotiable. No payments until complete.

contact me to discuss.

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@Ben M.

If the boxes are in good shape, you can replace the doors and drawers with new ones. Rawdoors.net

Or go to their prefinished website.

And for drawer boxes you can use drawerdepot.com.

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Lol. true James. gosh. that was such a keyboard warrior sittin in my underwear on a tangent response.

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Baltimore, Maryland

way to go brandon!

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Originally posted by @Phillip S.:

Thanks DeWayne. This all sounds great in theory, but what if your market is so competitive that any offer that has an inspection contingency doesn't stand a chance of getting accepted? In fact one of my Realtor contacts told me he rarely (if ever) puts an inspection contingency in any offer he submits. This is where inexperienced investors like myself (who don't know enough yet about construction costs) can get eaten alive.

tell your agent to do it anyway. its your deal and your money....period. If you are in a competitive market, then you need to be prepared to make a ton of offers with inspection contingencies. when you find a contractor that you can trust to do a walk thru with you to inspect and give you numbers on the fly, maybe then you can leave the inspection out of the offer. if a home has problems, the seller will look for deleted inspection contingencies. if its solid property, it won't matter to the seller whether or not it gets inspected. what matters to them is the offer price and time to close.

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Baltimore, Maryland

All Forum Posts by: DeWayne Mann

DeWayne Mann has started 11 posts and replied 77 times.

Post: Need funding for build on Washington state coast

Post: How do you pay your contractors?

Post: please give me an explanation as to how this home sold for $65k

Post: Should I be worried about this foundation???

Post: LLC in which state and tax return complications

Post: Need funding for build on Washington state coast

Post: What to do with kitchen cabinets in this condition

Post: GC says "You're a waste of my time"

Post: HIT MY GOAL OF 100 UNITS!!

Post: GC says "You're a waste of my time"