All Forum Posts by: Milena Garcia

Client Name:
Property Adddress:
Current Property Type:
Post Rehab Property Type:
Level of Finishes:
List Structural Changes:
Final Bed/Bath Count:
Exit Strategy (sell or refinance):

PHASE 1: PRE-CONSTRUCTION	Original Amount	Net Adjustments	Adjusted Total	Description
Drawings	$ -	$ -	$ -
Permits	$ -	$ -	$ -
Expeditor	$ -	$ -	$ -
Alarm/Security	$ -	$ -	$ -
Temporary Fencing	$ -	$ -	$ -
Portable Toilets	$ -	$ -	$ -
Engineering Fees	$ -	$ -	$ -
Architectural Fees	$ -	$ -	$ -
Utilities	$ -	$ -	$ -
TOTAL PRE-CONSTRUCTION	$ -	$ -	$ -

PHASE 2: DEMOLITION	Original Amount	Net Adjustments	Adjusted Total	Description
Interior Demo
Exterior Demo
Dumpsters
TOTAL DEMOLITION	$ -	$ -	$ -

PHASE 3: CORE AND SHELL	Original Amount	Net Adjustments	Adjusted Total	Description
Excavation	$ -	$ -	$ -
Foundation	$ -	$ -	$ -
Underground Plumbing	$ -	$ -	$ -
Drain Tile	$ -	$ -	$ -
Sump Pump	$ -	$ -	$ -
Steel	$ -	$ -	$ -
Floor Joists	$ -	$ -	$ -
Subfloor	$ -	$ -	$ -
Rough Carpentry	$ -	$ -	$ -
Interior Stairs	$ -	$ -	$ -
Dormer	$ -	$ -	$ -
Roof
Masonry
Siding
Windows
Exterior Paint
Soffit/Fascia
Gutters
Landscaping
Walkways
Exterior Doors	$ -	$ -	$ -
Exterior Stairs	$ -	$ -	$ -
Porch	$ -	$ -	$ -
Deck	$ -	$ -	$ -
Driveway	$ -	$ -	$ -
Garage
TOTAL CORE AND SHELL	$ -	$ -	$ -

PHASE 4: HVAC	Original Amount	Net Adjustments	Adjusted Total	Description
HVAC Rough
Furnace
Condensing Unit & Lineset	$ -	$ -	$ -
HVAC Trim	$ -	$ -	$ -
TOTAL HVAC	$ -	$ -	$ -

PHASE 5: ELECTRICAL	Original Amount	Net Adjustments	Adjusted Total	Description
Electrical Rough	$ -	$ -	$ -
Electrical Finish & Fixtures
Low Voltage
TOTAL ELECTRICAL	$ -	$ -	$ -

PHASE 6: PLUMBING	Original Amount	Net Adjustments	Adjusted Total	Description
Water Service Upgrade	$ -	$ -	$ -
Sewer	$ -	$ -	$ -
Plumbing Rough	$ -	$ -	$ -
Water Heater	$ -	$ -	$ -
Plumbing Trim & Fixtures	$ -	$ -	$ -
TOTAL PLUMBING	$ -	$ -	$ -

PHASE 7: DRYWALL AND DOORS	Original Amount	Net Adjustments	Adjusted Total	Description
Insulation	$ -	$ -	$ -
Drywall, Tape, Sand	$ -	$ -	$ -
Finish Carpentry (Trim)	$ -	$ -	$ -
Interior Doors	$ -	$ -	$ -
Interior Paint	$ -	$ -	$ -
TOTAL DRYWALL	$ -	$ -	$ -

PHASE 8: FLOORS	Original Amount	Net Adjustments	Adjusted Total	Description
Hardwood Floors	$ -	$ -	$ -
Tile
Vinyl
Carpet	$ -	$ -	$ -
TOTAL FLOORS	$ -	$ -	$ -

PHASE 9: KITCHEN	Original Amount	Net Adjustments	Adjusted Total	Description
Cabinets
Countertops
Backsplash
Plumbing Fixtures	$ -	$ -	$ -
Light Fixtures
Appliances
TOTAL KITCHEN	$ -	$ -	$ -

PHASE 10: BATHROOMS	Original Amount	Net Adjustments	Adjusted Total	Description
BATHROOM # 1
Tub	$ -	$ -	$ -
Shower
Tile
Vanity
Countertop
Plumbing Trim & Fixtures
Light Fixtures
Glass & Mirrors	$ -	$ -	$ -
Bath Accessories	$ -	$ -	$ -
TOTAL BATHROOM # 1	$ -	$ -	$ -

BATHROOM # 2	Original Amount	Net Adjustments	Adjusted Total	Description
Tub	$ -	$ -	$ -
Shower
Tile
Vanity
Countertop
Plumbing Trim & Fixtures
Light Fixtures	$ -	$ -	$ -
Glass & Mirrors	$ -	$ -	$ -
Bath Accessories	$ -	$ -	$ -
TOTAL BATHROOM # 2	$ -	$ -	$ -

BATHROOM # 3 - Basement	Original Amount	Net Adjustments	Adjusted Total	Description
Tub	$ -	$ -	$ -
Shower	$ -	$ -	$ -
Tile	$ -	$ -	$ -
Vanity	$ -	$ -	$ -
Countertop	$ -	$ -	$ -
Plumbing Trim & Fixtures	$ -	$ -	$ -
Light Fixtures	$ -	$ -	$ -
Glass & Mirrors	$ -	$ -	$ -
Bath Accessories	$ -	$ -	$ -
TOTAL BATHROOM # 3	$ -	$ -	$ -
Please add itemization of work for additional kitchens or bathrooms

PHASE 11: OPTIONAL	Original Amount	Net Adjustments	Adjusted Total	Description
Other	$ -	$ -	$ -
Fireplace	$ -	$ -	$ -
Final Cleaning
Staging
Stucco
Closets
General Contractor Fee	$ -	$ -	$ -
Finish Carpentry	$ -	$ -	$ -
Underpinning	$ -	$ -	$ -
Footers	$ -	$ -	$ -
Contingency	$ -	$ -	$ -
TOTAL OPTIONAL	$ -	$ -	$ -

Total Estimated Cost of Repairs		$ -	$ -	$ -

7 Votes

Thank you all! The finishes are actually better that other listings in the area. I am selling through a realtor since I believe the commission is worth it. We decided to lower the price and hopefully that’ll create some traction.

2 Votes

Jacksonville, Florida

Hello, I am selling a 4/2 and it's been listed for 23 days with about 6 showings. Feedback has not suggested property needs additional repairs/work, only that they are looking in a different area. Should I lower the price?

1 Vote

Jacksonville, Florida

@Gerardo Waisbaum I would also be interested, currently a Jax resident, already in the flipping business. Thank you.

0 Votes

Jacksonville, Florida

First thing I always do is cam and signs. Real time cam

1 Vote

@Todd Chandler Hello! I am in the middle of something similar. And I opened a new LLC, new bank account, proceeds will be distributed from the new LLC. I agree with Brian and I'd consult with your tax professional.

My struggle has been on the percentage for each partner since they are bringing 80-90% of the cash (for purchase and renovations) and I am finding the deal, putting the sweat and selling it. What is your agreement in reference to profit distribution? Thank you!

0 Votes

Atlanta, Georgia

All Forum Posts by: Milena Garcia

Milena Garcia has started 1 posts and replied 8 times.

Post: Current listing with not enough showings

Post: Scope of work (SOW)

Post: Scope of work (SOW)

Post: Current listing with not enough showings

Post: Current listing with not enough showings

Post: Wholesale Deals in Jacksonville

Post: Security Measures while renovation

Post: Best Practices For Structuring Partnership