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All Forum Posts by: Glenn Banks

Glenn Banks has started 2 posts and replied 101 times.

Post: Retired at 27!

Glenn BanksPosted
  • Design | Build
  • Milwaukee, WI
  • Posts 107
  • Votes 35
Shelby Cook Congrats !

Post: First BRRR Deal!

Glenn BanksPosted
  • Design | Build
  • Milwaukee, WI
  • Posts 107
  • Votes 35
Jake Thomas Nice work Jake, way to track down every opportunity!

Post: #24 rental was purchased today

Glenn BanksPosted
  • Design | Build
  • Milwaukee, WI
  • Posts 107
  • Votes 35
George P. Nice work, keep it up.

Post: SOLD IN 1 DAY! CHICAGO LAND IS HOT!!

Glenn BanksPosted
  • Design | Build
  • Milwaukee, WI
  • Posts 107
  • Votes 35
Nice !

Post: Successful Sheriffs Sale (Was the only guy there!)

Glenn BanksPosted
  • Design | Build
  • Milwaukee, WI
  • Posts 107
  • Votes 35
Great job Sam. My aunt lived in Union Grove for a time in the late 90's. The town is trying to do some major developments in the downtown area , so they are trying to position the town for growth. Again great job.

Post: itemized list of contractor material & labor costs

Glenn BanksPosted
  • Design | Build
  • Milwaukee, WI
  • Posts 107
  • Votes 35
Dan, I don't believe there is a law on the books for this. I can only speak for WI but it depends on the state. These are the questions you ask up front, then you have the contractor break out what he thinks it will cost in his bid. In the future, you should be the PM. I'm a contractor and a real estate developer so I've worn both hats. If you can send me more info I can try to steer you in the right direction, but without me seeing the project there is no way to tell the magnitude of what was changed. Pretty much my in my 15 yrs of being in construction, the projects always take a little longer and cost a little more in the end. I wouldn't try to go by a " square footage cost" to try to reverse engineer how the guy performed his work. I'd ask him for an explanation and go from there. You're asking about laws, which to me means you are thinking about litigation. I can tell you if the amount at issue is less than $5K, just pay it and move on to the next one.

Post: Start Solo or With 3 Other Partners?

Glenn BanksPosted
  • Design | Build
  • Milwaukee, WI
  • Posts 107
  • Votes 35
Jordan, My best advice is to remain autonomous. Get a good mentor and pay attention to what they have to tell you. Why split money 4 ways when you don't have to ? I have a mentor that told me a story about how he got started in the business, and he specifically spoke about not having partners. He explained that his perceived need for a partner was based on fear. No fear and no stopping you. Allow them to invest in you if need be, but it has been my experience that everything should be in writing ALL THE TIME. Doesn't matter if your partner is the lord Jesus Christ , he needs to sign an operating agreement and contract stipulating any and all nuances involved in the deal. My 2 cents.

Post: Where do you invest? (San Francisco is insane)

Glenn BanksPosted
  • Design | Build
  • Milwaukee, WI
  • Posts 107
  • Votes 35
What about Oakland ?

Post: New member from Milwaukee, WI

Glenn BanksPosted
  • Design | Build
  • Milwaukee, WI
  • Posts 107
  • Votes 35

@Jeff Wagner

Welcome and good luck to you Jeff!

Post: Let get ready to rumble!

Glenn BanksPosted
  • Design | Build
  • Milwaukee, WI
  • Posts 107
  • Votes 35

Thank you all. The positive energy is very welcoming !