All Forum Posts by: Steve Yoo

What ever you do stay away from home advisors. Never used them as a customer but was with them 6 years ago and recently too many bs happening with them

@Jeff Campbell I would also agree with many of the replies. LVP is great for rental and even your home. Not as cold or hard as tile but better than hardwood. If your installing over plywood, what ever floor covering you use and you have water issues it won’t be the floors you’d be worried it the plywood. Vinyl does scratch so the hand scraped ones are better. You can apply stain sometimes it helps to hide the scratch

@William Fisher I am also a contractor. I have done deals with partners and alone. Each deal can be structured differently depending on how much time and/or money is involved. My last JV this was how we set it up.

50/50 deal

Partner paid closing cost, hard money payments, holding cost

I got my crews, got materials, managed the whole project and physically also worked on the property. Having my own team and my crews giving me a discount since it’s my property we were able to significantly save thousands on the rehab. At the end he got all his payments and we split 50/50

What ever you decide you need to make sure both parties agree. Don’t let greed ruin a deal but same time don’t let sympathy take a deal

@Sunil Dudeja congrats on your deal! Reach out to me. I am a contractor and also an investor. I would like to discuss your options. DM me

@Liam Hanlon whether your looking to replace your cabinets for this project or in the future I would recommend finding local cabinet suppliers and setting up an account with them. As long you have an EIN most vendors will be able to set you up and give you significant discount. Ask them for apartment grade cabinets. Much cheaper and looks almost the same.

For the countertop I wouldn’t recommend quartz due to price and Formica due to chipping and burns. Granite is definitely the way to go. Yes your supposed to seal it every year but honestly my rentals have granite and I have granite and I have never sealed it and no issue.

Very affordable subway backsplash would also make the kitchen a lot more modern. Most kitchen wouldn’t cost you more $200 at most.

Hope this helps.

@Maurice Smith thank you for your advise. Instead of some people (don’t want mention a couple people) criticizing and mentioning waste of 3 months you are able to give a step by step process to assist. Great advise!

Hi Brandon. I am a contractor. I have a few projects I'm doing right now. 90% of my business is for investors. I have a whole team. You can come by my jobs. All my investor clients are from BP. Talk soon, Steve

I met a motivated seller. He is selling his home which is on large property. recently sold homes property's land is little under an acre. Recently homes sold are 190k-210k. Seller willing to take 110k home needs about 40k in renovation. I'm thinking of wholesaling it instead of a rehab flip. Any input would help. Thx

Seller wants 120k only 30k in equity. Would a quick flip be an option? I can fix it up within a week and list it.

Forgot to mention if purchase seller want 120k current mortgage is 100k