All Forum Posts by: Mikesael Nieves

Ran into this ad on Instagram, turn key investments from Denver.

I hope you do find an investor-friendly GC,  Remember, Ideally you should have a lawyer review the contract prior to signing with your GC. However, if that is not an option here are a few critical areas that I feel should be contained in your contract with the GC. ***Note, I am not a lawyer and I am not qualified to give legal advice.***

The contract should include:

1. The Contractors: Full Name, Business Name, Physical Address, License Info, Bond Info & Insurance Info.

2. Cost (including labor & materials)

3. Responsibilities of Owner vs GC ( Ex. Who pays for and pulls permits? who pays for unexpected charges? etc.)

4. Full Scope of Work (including materials needed, product name's (where possible), permits needed & any exclusions)

5. Project Plan (including start date, milestone completion dates & date of completion)

6. Payment Schedule

7. Resolving Disputes (Court or Arbitrator)?

8. Contractor Warranty Info

Good luck !

@Tyler Bushey awesome thank you for that input! Fresh week tomorrow, going to put some of this advice into action.

Greatly appreciate the feedback fellas! Very informative and definitely gives me something to think back on.

Hello everyone! I read about a real estate strategy that I feel would be a good fit for me but also matches my current goals and interest. I'm just a bit confused on the order of how I should go about things. Example For a fix and flip, Do I find a HML prior to finding the right property or do I find a property first? And if I'm suppose to find the property first, do I have my GC go out and asses it before presenting the deal to the HML or do I present the deal with a repair guesstimate? Do I have to be under a purchase contract to get my GC to evaluate a property? By the way I'm freshly new to all this! Please don't be annoyed by my newbie questions!