All Forum Posts by: Manolo D.

Originally posted by @Nathan A.:

I would not pay a deposit. I'm not really sure what it is for.  Contractors should be willing to provide a free estimate and proposal. That's just the cost of doing business in construction.

 I find it awesome that some investors pay for home inspectors and there is no telling if the deal will fall through or not. Cost of doing business can also be true to investors both time and money -- going to the site and looking for deals.

Steve C. Simple assumption: You think appreciation will still be up on the next 5 years. Math: Personal income = 10,000/mo Net cash flow = -1,800/mo = 21,600/yr = 108,000 Purchase price 2018 = 1.5M Selling price 2023 = 2M Net in 5 yrs = 500k - 108k = 392k in 5 years = 78.4/yr = 6.5k/mo. Property income is 65% of your personal income. Pssshh. If I had money to burn, I’d buy 100.

Jenna Goldstein Trulia IS lying to you. Enough said.

Mario F. There is no code provision that I know of. Unless it is a shear wall. I always do 1/2” though, it is 15/32 so it’s in between 3/8 and 1/2”.

Jay Hinrichs Great story. It’s easier to do the same on a row house than that of a SF, the buyer pool is simply not there, you got lucky though, but even if it sat for a while, there’s enough meat to hold it for long. Unless it gets broken in by taggers and all that horror. hehe. Nice, a 2M spec build shouldn’t be interesting, not too expensive in buyer pool, little high on market but as long as it sells.

Who knew Silica is toxic 10 years ago? I mean anything could happen. Maybe Quartz or Granite will also be classified toxic in 30-40 years. Asbestos is almost present in all homes built pre-80s, it is simply that rehabbers dont care. The rule is if you don’t disturb it, you don’t have to abate it.

Roy Gutierrez So how will this person eat if he is 100% on your job? I mean, will you quit your job to do rehab?

Suraj Guptha Build it yourself?

Dave Zarcone So I have a question, you had a great experience with a contractor who was under budget, did a good/great job, and was on time in delivering. So what will make, in your opinion decide to switch contractors, if this contractor is accurate on his data and delivers everything as expected. I mean why would you risk to venture to the unknown. Personally, I’ll put my best retail price on a first contract simply because I do not know how demanding this client will be, then on second contract I adjust my price to his needs and quality. Great outcome btw.

Mike McCarthy If you live in LA, you would re-think that. A 10k job can turn 20k with permits, contractors will need someone to he there for inspection. There are about 7 different trade inspectors, and they don’t come on the same day, sometimes 2 inspectors a week. So imagine 1 guy sittting there getting paid to wait for the inspector. Then you cant bill the client or move on with work because of inspections. So it’s a catch 22.