All Forum Posts by: Nicholas Davaul

We are in the small building between the two large ones

It has 23500 on the building

Each Scope of Work (SOW) is unique to each property, as the specific needs of each flip vary widely based on the property’s condition, location, and target buyer. Some properties require only cosmetic upgrades, while others may need extensive repairs to meet local codes and buyer expectations. Here’s what a typical SOW for a house flipper might include:

1. Initial Inspection and Assessment: Document property condition before work begins. Identify necessary repairs and improvements.

2. Demolition and Removal: Outline areas to be gutted or removed (walls, flooring, fixtures, etc.). Include disposal of materials and debris management. ***THIS IS SUPER IMPORTANT as if you forgot this, you'll ended up having to pay extra $$$ or clean it up yourself***

3. Structural and Framing Repairs: Specify any wall adjustments, framing, or structural reinforcements. Identify if permits are needed for structural changes.

4. Plumbing and Electrical Upgrades: List any plumbing and electrical system repairs or updates. Detail new installations, such as lighting fixtures or faucets.

5. HVAC and Insulation Improvements: Plan for HVAC repairs or replacements as needed. Address insulation upgrades, especially in attics, basements, or new walls.

6. Drywall, Painting, and Interior Finishes: Specify drywall repairs, priming, and painting in each room. Include trim work, such as baseboards, crown molding, or door casings.

7. Flooring Installation: Describe the type of flooring for each room (hardwood, tile, carpet, etc.). Include details for subfloor repairs or leveling if necessary.

8. Kitchen and Bathroom Renovations: List all fixtures, cabinetry, countertops, and appliances for kitchens and bathrooms. Detail plumbing work for sinks, tubs, and showers.

9. Windows and Doors: Specify replacement or repairs for windows and doors. Include energy-efficient upgrades, like double-pane windows, if applicable.

10. Exterior and Landscaping: Outline improvements like roofing, siding, gutters, and exterior painting. Describe landscaping work, including lawn care, fencing, and any hardscape additions.

11. Final Clean-up and Inspection: Plan for post-construction cleaning of the entire property. Schedule a final inspection to ensure quality standards are met.

Each of these sections would come with an estimated timeline, budget, and list of materials required, making it easy to track progress and expenses during the project.

 That is the plan! :)

 Hi Dan, you mentioned that you were using the brrrr method, however in the upcoming years, you are planning on pivoting.   Can you elaborate on which direction you think/plan on taking?

Just added the "official" first meetup post in the Events & Meetup Section! Go check it out and RSVP.

Just added the "official" first meetup post in the Events & Meetup Section!  Go check it out and RSVP.

Welcome to THE FORUM!!

Whether you're a seasoned pro, just starting out, or somewhere in between, this is the perfect place to connect with fellow real estate professionals, share tips, strategies, and real experiences (the good, the bad, and the ugly!).

💡 What to Expect:

• * A space to connect with like-minded individuals at all stages of their real estate journey
• * Learning and sharing from each other's experiences, whether you're a seasoned investor or just starting out
• * Discussions on local market trends, strategies, and opportunities
• * Building a supportive network to help each other grow and succeed, whether it’s through partnerships, joint ventures, or simply exchanging tips

Let's build a thriving real estate community right here without the long commute! 

Hi BP community!

I'm a new real estate investor based in Katy, TX, and I'm actively looking to build a solid team for my upcoming projects. 

I primarily use the BRRRR method for my deals and am looking for general contractors or project managers who are experienced in medium to heavy rehab work.

If you have any recommendations or insights, I'd greatly appreciate it! Feel free to share your experiences or DM me with GC or PM contact info.

Thanks in advance for your help! I'm excited to connect and contribute to this amazing community as I continue my real estate journey.

Best regards,

Nick

Hey Sean,

When starting out and building your real estate investing business, either in your local market and especially in a market where you don’t live, don’t overlook the importance of connecting with local real estate investors. While the Core 4—your real estate agent, lender, contractor, and property manager—are essential, local investors are probably just as, if not more important. They can fast-track your success by offering invaluable market insights and introductions to their trusted network. They know the local landscape and can guide you toward the best neighborhoods and opportunities, helping you avoid costly mistakes.

By leveraging the relationships that local investors have already established, you can quickly build your Core 4 with professionals who understand the nuances of the area. Additionally, these investors can provide warnings about potential red flags, ensuring you hire reliable contractors and property managers. Ultimately, forming connections with local investors can be a game changer, providing you with the mentorship and support you need to thrive in unfamiliar markets.