All Forum Posts by: Muhammad Gumanneh

Does anyone know what’s the average cost for cosmetic/ full gut rehab in Seattle Washington per sqft.

As a general who does a remodel project for a seller but the arrangement is to get paid at closing. How does the general contractor makes sure he gets compensated, what type of contract would he need ? Or steps

Am looking for wholesalers, who work for themselves and not an agency

Quote from @Scott Wolf:

Quote from @Muhammad Gumanneh:

How do you payout returns annually for private money lenders, example I work with hard money lenders to fund my flips and cover the balance with private money, I have some who gave me 10k , 20k

So what percentage should they have annually

 This is something you should have discussed beforehand and written up in a legal document.  If they're lenders, you can pay them monthly or lump sum interest when the flip is completed.  If they are equity investors, you can pay them in a lump sum when the flip is completed.

The private lenders are people I know friends and family, I like the idea of yearly so you have more flexibility and also they see more on there investment, what’s a good percentage range to stay around when paying them their returns?

Quote from @Eliott Elias:

It is all negotiable. I like to structure the return in a way to where it is is completely paid upon me selling or refinancing the property.

When you do it short term isn’t that a lot more harder and compared to having it annually, in which they see more of a return. What percentage do you typically pay for returns? Do you take into account the amount of money they have given or just the total profit. 

@Niyi Adewole

I am a new investor in the Atlanta area and would like to be added to those calls if they still happen

Thanks

How do you payout returns annually for private money lenders, example I work with hard money lenders to fund my flips and cover the balance with private money, I have some who gave me 10k , 20k

So what percentage should they have annually

How can I get a G.C or light construction license, without the years of working under a license contractor, if anyone has info please reach out, I flip homes here in Atlanta area.

where can I get new kitchen cabinets for a reasonable price , preferably a local seller in the Atlanta area.

I am looking to get into real estate rental in Atlanta specifically in the 30349 zip code  would this be a great area to find properties below. 100,000