All Forum Posts by: Jeffrey H.

@Brian Pawl did you really say you manage 700+??? From chicago??? How is that remotely possible? 

Yes, the voucher is gone. Call section 8 to find out about payments continuing. Better, go down there and find out in person. 

The ones where a cashflowing house exists

-Sell all my baltimore city cash flowing rental properties and take the equity to the bank. 

-Give baltimore city in all its forms the middle finger. 

The ones that generate good cash flow

Answer: i knew because i was willing to do it. 

Complacency costs money. Good its labor only (so you control materials) , bad the price is so high. do the work and find out the following: 

How much should a laborer get paid for an 8 hour day? A skilled laborer? A specialist (Elec, plum, hvac)? How many days should each take? Total days? = what labor should cost. 

Ill help (80-120, 150+, 200-300+, depending on complexity)....how many days? How many contractors of each type? For how long?....figure it out, do the legwork. 

Flipping isnt complicated, but this breaks down to how sure are you of your numbers? being a begginer, i would tend to believe not very sure. 

Understand that on a deal with a spread that tight and on the higher end where everything is more expensive...one mistake/miscalculation and  youre underwater. 

I love contractors...i swear that they arent patological lying incompetents. Only solution is to know construction. Start learning. 

Auction it? Talk to a realtor?