All Forum Posts by: Merri Grace McLeroy

@Jim Adrian Great design idea! However, gas and glass is likely too pricey for an ARV of $150k. A simple reface with tile from the mantle down will be less exp and will give the buyer more options. (Mud and finish the side areas of the wall.)

@Lucy Auburn This can easily be removed with a sledge hammer, then cover w/sheetrock. FIRST, make sure to protect the floor.

And here I sit, with sage advice. Hire the licensed contractor to oversee the job and ensure work is performed to code. That will satisfy the inspectors and they will leave you alone. It was suggested by my lender that I pull as the homeowner since neither of my two contractors are state certified and that line had to be completed to close the loan. GA requires state certification, which I didn't know. Newbie me from FL, pulled permits as homeowner. Then as you say, inspector saw the LLC on the deed and required I sign an affidavit to live there for two years. At that point, the clock was ticking and I was about to lose my crews to other projects. So, I signed. The inspector knew what I was doing because I was honest with him. But, his team screwed with me throughout the entire process and delayed the job multiple times. Cost thousands in carrying costs. I didn't know at the time I could hire a licensed contractor to oversee work. My contractors did amazing work, never a problem. But, the inspectors kept coming up with additional code requirements that they normally don't require. Old paint on the outlets! LEDs required in the closets! No extraneous items in the attic! So, its on the market now. The result will be that they don't let me pull a permit in the town for two years. Not a problem, because I'll hire a licensed contractor in the future, a painful lesson learned.

@Marina Man I buy a builders risk policy on each property and convert it to a vacant home policy when the CO is issued. Contractors need to provide proof of their own insurance policy. I think a handyman would be covered under my builders risk policy.

@Aaron K.  I read the post as though he sought to hire or partner with a flipper. I agree with you, when seeking a mentor, one would pose very different questions. 

Can you provide your business license, tax id number, insurance certificate and driver’s license?

Do you have a dedicated flipping crew?

Do you have established vendor accounts?

Can you provide photos and references?

@Michaela G. Atlanta now encompasses 12 counties in its metro area, so that’s a consideration in market reports.

@Abigail Timbol I use Angel Oak. AlSO, avoid companies that require money up front just to apply. Private money is expensive, so make sure you have project bids ready and contractors scheduled before closing to move fast and efficiently.

ms-qNaEOj.gif My first BRR. I get a D on reconciling contractors’ conflicting estimates and invoices with budget.

Congratulations!