All Forum Posts by: Chris Stephens

because the products wear out over time, typically foundations don't settle much more widen bases out slightly larger and higher the load is limited down force after a standard repair area. sinking may occur however remember a lifetime is typically a 20yr period, limiting this period to conditions make it a limited lifetime. marketing to people not realizing this. foundation work can be expensive, but when repaired properly and defects are corrected I would, sign any limited lifetime warranty, but I refuse to market that way personally....I would rather explain this to my customers why they do that instead of just being honest and say it's marketing and then break it down

Hey if y'all are needing a partner please let me know, I would be interested in a possible partnership.  I can handle 3 renovation max at a time due to my crew size, however I'm hands on with any deal or construction job that I take on

rocketlawyer I believe however assignment Office Depot and office Max have general ones and worked well for my first few

multiply sq ft times 3.81 with 8ft sheets gives you total rough sq ft for walls and ceiling labor will be between $1-$2.25 Depending on area

we have lots here. they charge $20 per night ....similar during day would it scare me for a long term hold, no the Uber and self driving cars need parking too however a thought for you.... these car rental ride share companies would be an excellent long term tenant if you had vacancy also, make sure you have a fast towing company. to monitor lot. tenants will leave if they lose their space to Outsiders

10% of costs for whole job

I highly recommend you get in touch with a real estate attorney from ga, and a reai group near your choice areas to invest. my only suggestion besides those, would be since you are from out of town, I highly recommend a larger market to invest, for more tenant prospects and better security for your financier

@Michael my apologies some times it takes me a little bit to answer easiest way to explain formula for you Arv is After Repair Value meaning after full renovation or repairs this is what the house will sell for 30-60 days max based on comparable sales (aka comps) I prefer lower 60% of the ARV, because I prefer to flip to a retailer, by wholesaling, and earning a small fee for finding the deal and securing the property via purchase agreement option or a few other various forms most of my ppl buy at 65% or 70% so due to my preferred method of wholesaling, I must buy at prices below these "strike prices" or buy prices... just so you know I am a contractor, so my repair costs are known when I look at property. I only buy Investments to completely renovate. it is my preferred method for renovation and retail selling. repair costs are always set at retail prices to make sure the buyer is safeguarded, and does not come back to say that the repair costs were 10k more than you said. I prefer to give up more for the renovator, so they know when they come back they will make money on wholesale deals from me......don't count on it, but I have even had a few guys come back and let me get the difference of actual and retail costs I quoted for they safety.....rare but it does happen Arv times 60% minus repair costs (retail)= your max offer you should never go over..... I always try and get more money by offering a decent margin below this max offer to ensure healthy deals, 10% is guaranteed if I can only get it for the formula max offer......as most will probably tell you I use what I use, however some will be more than mine others will be below, it is what works for me...... I never break my max offer. my rule, others may say otherwise but I'm not in the volume game, real estate is my current Business, and I prefer quality over quantity.....just fits my style best.

1 buyer is worth 1000 sellers if your mom and dad will invest with you, find them the best deal you can Arv x 60% minus repairs = max offer buy for less and get parents to help wholesale by signing for you

Brooke Brannen McIntosh Realty Team- Buyer's Agent She is a good agent, upper spectrum of locations. I highly recommend her. all the c and d properties I do the due diligence myself.