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All Forum Posts by: Ian Checketts

Ian Checketts has started 10 posts and replied 61 times.

Post: Multi-family Construction and Renovations

Ian CheckettsPosted
  • Rental Property Investor
  • Charleston, SC
  • Posts 61
  • Votes 9

@Danny Randazzo thanks Danny! Hope to see you Friday at the breakfast.

Post: Electrician wanted in North Charleston

Ian CheckettsPosted
  • Rental Property Investor
  • Charleston, SC
  • Posts 61
  • Votes 9

I have a few cheaper guys, message me and I can share more info.

Post: Looking to connect with other Charleston Investors

Ian CheckettsPosted
  • Rental Property Investor
  • Charleston, SC
  • Posts 61
  • Votes 9

Lets connect! Send me an invite.

Post: How difficult/expensive is dealing with asbestos wrapped ducts?

Ian CheckettsPosted
  • Rental Property Investor
  • Charleston, SC
  • Posts 61
  • Votes 9

Zach, things come up for lenders all the time. They can't hold that against you but if the deal is worth it call as many HVAC or asbestos companies you can to get this done! If the asbestos is removed its probably much cheaper to install a new system.

Post: Submetering water recommendations

Ian CheckettsPosted
  • Rental Property Investor
  • Charleston, SC
  • Posts 61
  • Votes 9

We use a company called Conservice on new construction but just as Daniel said above pipes can be feeding different areas of each unit with no rhyme or reason. In that case you can create your own RUBS system and bill back. Definitely worth looking into!

Post: Multi-family Construction and Renovations

Ian CheckettsPosted
  • Rental Property Investor
  • Charleston, SC
  • Posts 61
  • Votes 9

How often has an item come up during underwriting, or due diligence and you have to track down a million contractors to try to get pricing for that work that needs to be done? Have you used a contractors pricing, then they back out when it comes time to install?

I have been in construction for the last 13 years and been through all kinds of “subcontractors.” I want to help enlighten investors dealing with contractors and help them see ways to evaluate and determine if they have a clue about their scope of work they are bidding or how to mud drywall..story for another day.(Ask and I will tell!!)

My focus is going to be geared more towards multifamily investors dealing with larger production. I absolutely love distressed properties and ground up new construction. My current role is on the construction management side for a large multi-family developer and builder where we build large (300+units) class A apartments.

Lets collaborate! I know a lot about construction, but really want to learn all I can about cap rates, syndication, and all the other key elements to multi-family investing.

Post: Multi-family Construction and Renovations

Ian CheckettsPosted
  • Rental Property Investor
  • Charleston, SC
  • Posts 61
  • Votes 9

How often has an item come up during underwriting, or due diligence and you have to track down a million contractors to try to get pricing for that work that needs to be done? Have you used a contractors pricing, then they back out when it comes time to install?

I have been in construction for the last 13 years and been through all kinds of “subcontractors.” I want to help enlighten investors dealing with contractors and help them see ways to evaluate and determine if they have a clue about their scope of work they are bidding or how to mud drywall..story for another day.(Ask and I will tell!!)

My focus is going to be geared more towards multifamily investors dealing with larger production. I absolutely love distressed properties and ground up new construction. My current role is on the construction management side for a large multi-family developer and builder where we build large (300+units) class A apartments.

Lets collaborate! I know a lot about construction, but really want to learn all I can about cap rates, syndication, and all the other key elements to multi-family investing.

Post: Multi-family Construction and Renovations

Ian CheckettsPosted
  • Rental Property Investor
  • Charleston, SC
  • Posts 61
  • Votes 9

How often has an item come up during underwriting, or due diligence and you have to track down a million contractors to try to get pricing for that work that needs to be done? Have you used a contractors pricing, then they back out when it comes time to install?

I have been in construction for the last 13 years and been through all kinds of “subcontractors.” I want to help enlighten investors dealing with contractors and help them see ways to evaluate and determine if they have a clue about their scope of work they are bidding or how to mud drywall...story for another day.(Ask and I will tell!!)

My focus is going to be geared more towards multifamily investors dealing with larger production. I absolutely love distressed properties and ground up new construction. My current role is on the construction management side for a large multi-family developer and builder where we build large (300+units) class A apartments.

Lets collaborate! I know a lot about construction, but really want to learn all I can about cap rates, syndication, and all the other key elements to multi-family investing.

Post: Charleston multifamily investors

Ian CheckettsPosted
  • Rental Property Investor
  • Charleston, SC
  • Posts 61
  • Votes 9

@Rachel Damaral were you able to get that team set up? I'm looking for similar people and others to collaborate with.

Post: Western Wyoming Properties

Ian CheckettsPosted
  • Rental Property Investor
  • Charleston, SC
  • Posts 61
  • Votes 9

This home may be far for some of you, but if you are interested or know anyone in the area that would be interested let me know.

This home is located in Afton, Wy. Its about 100 years old with lots of character and will need a lot of work. Its in a gentrifying area and with the Star Valley LDS temple nearly done it is only increasing the value of this awesome valley. This home is located in the town of Afton in a good neighborhood located on the 2 streets down from the main street. It has a good size lot, single detached garage, and its a corner lot. This home will require a lot of work, but has the potential to make a lot of money. You can look at the comps to see the potential price opportunities, and the inventory is low. If you have any questions, or want to see pictures just let me know.

Address: Corner of W 4th Ave and Lincoln Beds: 4

Baths: 2

SF: 2200

Structure: Wood Framed

Purchase Price: $99,000

Rehab Costs;$45k-55k

ARV: $200,000

Closing Costs, realtor fees, etc.: $13,500

Profit:$37,500