All Forum Posts by: Manolo D.

@S L Martinez No you don’t need a license. A lot of articles and books out there, start researching and reading. The forums can only help you so much.

Hello, we are looking for a small job putting in and energizing an HVAC that we have bought due to a short timeline, anytime next week will be the most convenient, or next weekend. Due to the short timeline, we have beefed up the budget. Any recommendations is much appreciated.

@Heather Collins First you have to find a lender that will lend to contract work, the best will be to find a lender who lends to 1099, work instability is the most frowned upon loop in lending. However if you have wquity on condo, it is best you leverage that to the buy. I like better rewards on shorter timeline, that said, i believe your best bet is outskirts in LA, a 2-3 hr drive to buy something and rent them off.

Robert Freeborn Your work and laws that apply to a “contractor” will apply to you. If you have a worker, you need a workman’s comp insurance. In CA, we can’t do any work above $500 without a license. For an owner building like the above response, you need to live in the house for 12 months after closeout/occupancy permit has been issued. Since it is a flip, I assume owner builder doesn’t apply. Short answer, give a call to your contractor license board and explain what you want to do, it could be anonymous.

Dan Buhr Pay investor $3,600, Pay CM $2,000, pay yourself the rest (whether income or loss). Pretty easy structure, no percentage needed and lawsuits fly with a 20k profit. On CM, pay him per passed inspection / milestones, back-load his pay on finishing touches, i.e finishing / final punchlist completion 800, the 1,200 regular milestones. You want a percent structure when it’s worth it, potential income 100k, personally i’d only do it if potential income is 250k and above.

Also depends on how many door there is, only 1 door, expensive, if you’re doing 10 doors, half to quarter the price. Two guys can install 5-6 doors in one day, while 1 door they lose half the day going from one site to another, if next site is too far, they’re looking into losing the whole day. Average door guy is about 300 a day and labor at 200 a day, half a day is about 250. Then again i’m in los angeles where traffic is 1 hour delay in going to your site and 1 hour delay to the next. They lose 2 hrs just windshield time (driving). Guess you could shave off 50-70/day or so on their rate if they are unlicensed individuals and you pay cash.

Loren Young I think Chris Mason has all the solutions. One is equity on the land, just the top of my head, but I’m not in the lending world.

Anssi Viljanen I like their pricing but not all are ok with that, certainly not investors. They always cry when they see a charge of $40-50/hr, they will think we are crazy. It’s actually decently priced for a legitimate contractor that has overhead, not your man with truck and tool kinda guy price. Any tips on how to start with being “preferred” or referred to from an adjuster? In easy case scenario, an adjuster could send me scope and price then ill accept and sign contract. To the OP, sorry for hijacking your thread.

Anssi Viljanen That’s a great software, I’ve heard and researched about it, is it hard to operate?

Daniel Caraway I don’t know anything about the process, but I have been asked about being a 203k contractor, it is nothing really but fully insured and credible. Any decent contractor that has 1m coverage per insurance class will qualify.