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All Forum Posts by: Manolo D.

Manolo D. has started 45 posts and replied 4269 times.

Post: REAL ESTATE INVESTOR WEBSITE COMPANY

Manolo D.#3 Contractors ContributorPosted
  • Contractor
  • Los Angeles, CA
  • Posts 4,365
  • Votes 1,248

@Lily Boudon My advice is, after you sign up for basic webpage subscription, once you could afford seo, build a website. remember it takes 6-12 months before you get 1st, if you get 1st rank, needs to get updates every now and then, but when in marketing, it should be worth it.

this is not an expert's opinion, but i have had an outsource website company before.

Post: Land/Construction Loans - Las Vegas

Manolo D.#3 Contractors ContributorPosted
  • Contractor
  • Los Angeles, CA
  • Posts 4,365
  • Votes 1,248
Originally posted by @Karen Margrave:

@Tyler Petrie I don't have any referrals. Though this isn't the forum to advertise for a lender, you can do that if you join as a paid member, and put the ad on Marketplace. 

In the meantime, I'll tell you what a lender is going to ask: 

  • What is the experience of the person doing the development?
  • Are they licensed contractors? 
  • How much do they have into the deal? 
  • Is the land paid off? (lenders usually loan a 50% max on land)
  • What are you building? 
  • Do you have approved plans? 
  • What is it going to cost? 
  • Do you have an appraisal on the completed house? 

Those are a few of the things you need to be prepared to answer. I see you are a licensed agent, and you didn't say if it was for you or someone else. 

If you have any questions, @mention me in the post.  

Good luck. 

 Great post @karen margrave , the mention didnt work. I have one set of petite house that I have been pushing back on building, 2+2, what do they usually require say if i paid for the land and the cost to build is around say 100,000, how much can they lend? since you are in orange, i might be able to use the company you use. Thanks a bunch.

Post: funding for deals..buyers not tires

Manolo D.#3 Contractors ContributorPosted
  • Contractor
  • Los Angeles, CA
  • Posts 4,365
  • Votes 1,248

@Brian Jones Post the actual deal on marketplace. im sure you will get a ring. From what I understood, they will just fall into your lap. That is what I have read in the forums.

Post: Project Management Software and Techniques

Manolo D.#3 Contractors ContributorPosted
  • Contractor
  • Los Angeles, CA
  • Posts 4,365
  • Votes 1,248

Im a pretty simple guy, so i use colored pens and an 11x17 or full size for my pm schedules. I took thr time to modify some of these but it worked well on me.

http://www.vertex42.com/ExcelTemplates/excel-project-management.html

Post: How Hiring Cheap Labor Can Be Bad

Manolo D.#3 Contractors ContributorPosted
  • Contractor
  • Los Angeles, CA
  • Posts 4,365
  • Votes 1,248

I know somebody who recently got a false claim that his worker got injured while working on the site, good thing before releasing the check, they practice a toolbox meeting every monday and let all employees sign a waiver where it states that they have been paid in full for the last week and did not get injured before the check was given. This could be a $300,000 suit waiting to happen, specially because they wont spend a dime suing you.

We pay around 20k (up to 50k/year payroll) to have work comp every year, together with GL and in my case, more than that because our company has extensive insurance coverage that gets layers and layers of protection for both clients and contractor. We also insure that our subs have them and issue us waiver as additional insured before they can even be considered as sub. Paperwork IS money, it costs, it protects. If you hire a handyman you need to have work comp and GL at the least. GL protects you from everything else, work comp only protects you from worker injuries.

Be careful on homedepot guys, they are wreckless, only asks for cash/hr, doesnt know what employment are always lazy. If you choose to go with handyman service, be sure they have at least GL and WC, I have heard from some states that they allow these kind of license. Imagine they worked for you and they make a false claim, and you didnt do the paperwork, lawyers will go after all your assets that you built for decades.

Post: Rehab contracts in personal or business name?

Manolo D.#3 Contractors ContributorPosted
  • Contractor
  • Los Angeles, CA
  • Posts 4,365
  • Votes 1,248

If it would be not much trouble, or if you are to be doing this long time, then setup llc to hold the transactions, i would say max of 4 houses per llc, since CA is very expensive and you have to pay FTB 800/year to do business plus all other govt fee requirements.

This is just advise from businessman, not a professional.

Post: Project Management Software and Techniques

Manolo D.#3 Contractors ContributorPosted
  • Contractor
  • Los Angeles, CA
  • Posts 4,365
  • Votes 1,248
Originally posted by @Lynn Currie:

@Keith Bloemendaal Great post topic!

I run a paperless office and have whittled everything down to a few basic tools.

Evernote

Evernote is the cornerstone of everything I do. Every piece of paper that comes into my office gets immediately scanned then shredded. I use Hazel on the Mac to OCR, auto-name, and file the the regularly sent stuff (like invoices from vendors, etc). They are named using the main words that I would search for the document by. 

For example, if I have a receipt from the company that supplies my doors, instead of naming it the company name only, I name it, "Company Name Receipt Doors" and it gets filed in a notebook for that particular project. If there is also trim in the order, I name it "Company Name Receipt Doors Trim." This makes finding things super easy with minimal thinking on my part.

I'm also a big fan/believer/user of the Getting Things Done (GTD) system. I have stand alone cabinet setup just for that in Evernote with my to do lists, tags, and locations.

Recently I've been asked by several folks to do a video and screencast of my paperless office system in action, accompanied by some videos showing how to set it up. These are in the works and I'll share on BP Nation once they're done.

Drop Box

If I have docs that need to be regularly edited, they live in Drop Box. There is always a reference to them in an Evernote note though, since that is my main system.

As a side note, I also use Drop Box to back-up my ridiculously large photo archive. I'm moving all of my permanent backups away from random hard-drives, CDs and DVDs and to the cloud.

SmartSheet

All timeline management is done here. It's like Excel on steroids. The reason that I like it is that it's simple. As a nerdy person, I've tried and setup many, many project management systems but discovered that most of them fail because they're too cumbersome to use. Apparently some companies missed the memo that managing a project via software should never be more complex than actually managing the project, itself. I've got a public SmartSheet that I'm using as part of my Video Diary post. You can see it here:

http://publish.smartsheet.com/087c5862de4748299010...

 These are great stuff, I am searching for Hazel OCR equivalent on windows since Im not a mac guy, i too have a paperless system, and basically have almost the same system, never used smartsheet, would like to try that. I built a manual for efiling, but would love your input so I could improvise. Didnt use evernote tho, i might take a look at it. Thanks.

Post: The NARROWEST house plan you have ever built or been in?

Manolo D.#3 Contractors ContributorPosted
  • Contractor
  • Los Angeles, CA
  • Posts 4,365
  • Votes 1,248

@Alex M. For Karens post above.

@Karen Margrave These are great plans, what will be the budget/sqft and SP on these row houses? Just the house. I have a small parcel somewhere and would like to build something like this. They are nice and neat.

Thanks.

Post: Hard Money Lender in Orange County

Manolo D.#3 Contractors ContributorPosted
  • Contractor
  • Los Angeles, CA
  • Posts 4,365
  • Votes 1,248

@Brad Rust Do you work with seasoned commercial / government contractor expanding into residential RE/ground-up construction? Can you send us your terms? When is the best time to call? Thanks.

Post: Orange County Meetup

Manolo D.#3 Contractors ContributorPosted
  • Contractor
  • Los Angeles, CA
  • Posts 4,365
  • Votes 1,248