All Forum Posts by: Michael H.

Looks too long to be brick so is it concrete?  The entire exterior is made of this as well as some interior walls that are probably load-bearing.  Even some of the rooms that share an exterior wall don't have drywall over, it's just exposed brick. Should I be staying away, can someone shed some light and knowledge?  Thanks.

just received an email from myhousedeals advertising xpress loans 911. :D :D  makes me wonder if they do research before letting anyone just advertise.

I have an LLC and my friend wants to invest 10% into the project. How does this work in terms of getting him on title? Or is there a better way to approach this so that he still has 10% ownership in the home?

Thank you for the thorough response!  I guess the reason is that I'm looking for a back-of-the-napkin calculation if a home is worth flipping.  I have a general sense for plumbing, electrical, kitchens, bathrooms, etc. but not when it comes to adding on additional square footage.  So maybe I can't get pSF but I'm thinking about adding 600-800 sqft second story.  Also heard on the economies of scale.

Searched and didn't find much information.  I realize this is by no means the best way to estimate construction costs but I was curious what the avg construction cost is these days in Los Angeles.  I'm not talking for a high-end home just something decent for the average home buyer. :)  I keep hearing ~$350/sqft.