Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Jermaine Chad Ingram

Jermaine Chad Ingram has started 18 posts and replied 256 times.

Post: In process of first rental buy....HELP LOL

Jermaine Chad IngramPosted
  • Real Estate Agent
  • Fort Pierce, FL
  • Posts 257
  • Votes 104

@Kam Mill I would arrange a home inspection ASAP.

Post: In process of first rental buy....HELP LOL

Jermaine Chad IngramPosted
  • Real Estate Agent
  • Fort Pierce, FL
  • Posts 257
  • Votes 104

Congratulations! Any plans for rehab? Who auctioned it off

Post: Pickle in a Fix and Flip

Jermaine Chad IngramPosted
  • Real Estate Agent
  • Fort Pierce, FL
  • Posts 257
  • Votes 104

@James Bordeaux I’m sorry for your situation. quit claim deeds should only be used for transferring property between people who know each other.

I can’t tell you what to do here.

Post: Pickle in a Fix and Flip

Jermaine Chad IngramPosted
  • Real Estate Agent
  • Fort Pierce, FL
  • Posts 257
  • Votes 104

 Just to clarify, you started doing renovations before you cleared title?  Do you have title insurance?

Post: Does or has anyone used online house plans in Florida?

Jermaine Chad IngramPosted
  • Real Estate Agent
  • Fort Pierce, FL
  • Posts 257
  • Votes 104

@Jared W Smith that photo is not our design. Our design take into account the flow through the house. It only takes inspiration from the floor plan you see here.

Post: Does or has anyone used online house plans in Florida?

Jermaine Chad IngramPosted
  • Real Estate Agent
  • Fort Pierce, FL
  • Posts 257
  • Votes 104

@Nik Moushon these are rentals for a coliving house. Not for sale. Thanks for your help. I’ll consider all of this.

Post: Does or has anyone used online house plans in Florida?

Jermaine Chad IngramPosted
  • Real Estate Agent
  • Fort Pierce, FL
  • Posts 257
  • Votes 104
Originally posted by @Nik Moushon:
Originally posted by @Jermaine Chad Ingram:

@Edgar Martinez Edgar have you ever traded architectural drawings for equity in a project.

99.99999% of architects wont do this. Not only is it not the norm and very risky but its very hard to front the costs and overhead for your firm, especially when the ROI is YEARS out. There are firms that do this equity for services model but they are very very few and far between. I know of one in Boston and one in the LA area....but I'm sure theres more scattered through-out that I'm just not aware of. I'm only aware of those because of podcasts. BUT most those firms do in-house projects...not projects from other investors. So they are the owner and architect and usually fund the project with their own money...sometimes bringing in some outside money if they have the right connections.



This is a model I eventually want to follow for my personal investing and future architecture practice but even then its not a model that works for every project. It will be interesting to learn how to setup a business model of that type but I'm getting off topic here. 

Thanks for your feedback  

Post: Does or has anyone used online house plans in Florida?

Jermaine Chad IngramPosted
  • Real Estate Agent
  • Fort Pierce, FL
  • Posts 257
  • Votes 104

These images are of a floor plan from corner stone tiny homes in Florida these are not my plans just to be clear I will need to give credit where credit is due. It’s just a depiction of a dog trot style house

Post: Does or has anyone used online house plans in Florida?

Jermaine Chad IngramPosted
  • Real Estate Agent
  • Fort Pierce, FL
  • Posts 257
  • Votes 104
Originally posted by @Jared W Smith:

@Jermaine Chad Ingram, @Edgar Martinez makes some good points. I am currently working with two separate investors on their own investment projects as an architect however I do not have any equity stake in the project. I am part of their team and we work as partners but I will not gain anything from the sale/rent. I am okay with this for these projects though. The deal has to be right and opportunity looked at by all parties. The biggest downside to trading your architectural services for equity is when will it be paid out? As an Architect, we are front loading the project and if problems arise or a deal needs to be backed out of, our services have already been provided. How would we be compensated?  

In the above I bolded "services". As a licensed architect, I do not ever sell my drawings. They remain an instrument of service and owned solely by me. The client/owner/partners only have use of said drawings for that particular project, after-which their use is restricted unless I deem it acceptable for another project. This gets into contract language, legalities and best practices for practicing architecture but I figured best to touch on it.  

 I am so grateful that you guys have answered here and I appreciate all of your input. Let me explain my situation. Have a good friend who owns a design firm with an in house architect. She has been helping me piece together the look and style of house that I want to build and she has also laid out the floor plan for a dogtrot style house. This is an uncommon style of house in the area but it is very southern and it would serve my purposes of incorporating an outdoor livable space that is protected from the elements and also helps to create a Thermodynamic breezeway removing heat from the house which is very important here in Florida.  We would use the house to implement a co-living model so that residents  can have a shared community as well as their own private spaces. She has offered to draw out my permit package 

I am wondering what would be an appropriate offer to her of equity if I plan on building 10 to 15 of these houses using those same plans.

I would be willing to be as liberal as possible keeping in mind that I am also going to be raising money and the people that I raise money from might not feel the same way about the value of said equity

 As far as the contract is concerned I would allow her to guide the way as far as when payments will be made. I am expecting that she would be able to receive regular disbursements just like any other equityholder 

Post: Tax Certificates questions

Jermaine Chad IngramPosted
  • Real Estate Agent
  • Fort Pierce, FL
  • Posts 257
  • Votes 104

@Ronen Avisar btw it’s almost impossible to buy tax liens in Miami. Broward is very close to impossible.