All Forum Posts by: Gregg Camp

Just yesterday I was watching a new David Greene podcast for newbies and the same bug I reported months ago showed up. He was putting, I think it was, closing costs at $5000. Inexplicably the site changed it to $4998. No rhyme nor reason and I had that happen in other parts of the fix and flip calculator that I had experienced over the past few months. An upgrade probably is a sensible thing to look at. If the staff goes and watches David Greene's podcast of 1.31.22 they will see what I'm referring to. 

I think David does a great job and I like his analytical distillation of a point. He was a great counterpoint to Brandon and because of his variety of business interests can speak authoritatively on a number of areas. I'm looking forward to him continuing his excellent work. 

I have not but am thinking there's got to be an ap or spreadsheet someone already has. I've reinvented too many wheels in my life and know that someone has to have something like this that they're using.

So do you have your own spreadsheets that you can just do as I'm thinking must be done so you can pre-order a job and know the costs pretty closely?

Does anyone have an ap or software that they use for fix and flip? I am thinking where I can put in sku's and a description for someplace like Home Depot or Lowes. I've managed my construction before and am looking for something as I look at properties to fix and flip remotely. So I'm planning on having a set number of items for a standard bathroom remodel, general for the kitchen, etc. Starting to think about systems.

Who's doing what and what's working smoothly for those doing fix and flips?

I would agree it could be better and I don't think it's a huge cost to add features. For instance one cannot specify the length of time to do a flip. If I want to put in 5 weeks it won't allow. It has presets. These are simple things for BP to upgrade.

On the mortgage thing not having a PMI section or loan amortization, I think BP could add that tool with all the members the cost would be pennies on the member. One doesn't want to make it too cumbersome but maybe another tool that does add more specificity.

I'll take a look thanks.

Check BP Agents who work that area of Ohio and ask them for some names for land use planners. Otherwise call agents who have a listing in the area and ask for such. Whether you call it an expeditor as Frank does or a land use planner the job will be the same to dig in and engage to see what the history was. I'd guess as you mentioned that the utility company has to have a permit to add meters. Somewhere maybe you can catch a utility worker guy on the street and ask that utility worker whom to contact at the office or ask them to come check on your unit and tell them your problem. Tell him that you may need to reduce the number and see if they have any resources as you'd be calling as a customer.

Hello, looking to do some fix and flipping in Florida. Want to know who's used non recourse loans for that purpose?

I guess I'd look at it this way. Was the job done to a quality standard that you expected at the price that was agreed upon ? Was there a permit? If so then does it really matter that the licensed contractor actually performed the work? If there's liability it will usually flow to the license holder. When contractors get older it's usually the subs or younger guys doing the work. Their strength is knowledge and contacts. If you want to get a separate inspection by another roofer that may allay your concern if the job was done properly. If there's a permit pulled the the local entity( city, county) will have an inspector to indicate the work was up to industry standards. It's unheard of to work under someone else's license.

This is where I'd contact your realtor and ask for a few names for land use planners. They deal with these sorts of issues and know what questions to ask and who to ask at the building and planning departments. May cost a little bit of money, but you will know what your options are.

The assessor's office doesn't authorize anything. They note changes and tax accordingly.  The planning and zoning board will have records of areas zoning changes. The building department will have records of permits pulled for work at that address.

The county assessors office job is to note the improvements and tax accordingly. You can often go there and get photos that they take periodically. Also the building department usually needs to approve any permits such as an electrical permit for meters so if it changed from 1 to 3 they would usually need to sign off on the permit before an electrical utility would hook it up. I'd check those two sources first. You can check with a land use planner who usually can do this sort of investigation as well for a fee but the first two things shouldn't cost more than a few bucks for copies of permits or what the assessor's office has for their records. If it was done prior to 1990 it would generally be called legal non conforming. Doesn't mean it isn't legal, just doesn't conform to todays zoning changes.