All Forum Posts by: Nino Alfano
Nino Alfano has started 14 posts and replied 314 times.
Post: New Member Intro - Chicago Suburbs
- Contractor
- Lemont, IL
- Posts 335
- Votes 75
@Chris Gundersen welcome Chris! I started here as a GC 3 years ago than Joint ventured and flipped 15 homes in the 2 years.
Now acquiring rentals!
it’s been a fun road!
Post: Deleading - Price Gouging (Massachusetts)
- Contractor
- Lemont, IL
- Posts 335
- Votes 75
@Owen D.
Contact a contractor. One that isn’t certified
Pay the 500$ for him to take the 8 hour course and have it be his first job.
He won’t bid it at market value in the field.
your asking a specialist to perform his job. Not price gauging
Post: Uneven Floors in Chicago Issue
- Contractor
- Lemont, IL
- Posts 335
- Votes 75
@Jake Fugman definition of covering up but hey it’s fast and cheap right !!
Post: Should I form a partnership with a contractor
- Contractor
- Lemont, IL
- Posts 335
- Votes 75
@Garrett Wilson
I have done probably 15 JV flips.
Structured differently each time.
I can say this it depends where you are in your knowledge and where he is in his knowledge.
How good are you at finding deals?
Evaluating the ARV ?
How are you funding the deal ? Cash, hml, construction loan
Will you be hands on ? Picky ? Indecisive? A homeowner ? Wanted to go above and beyond because you think it’s the “right thing to do”
is he a GC? or apart of the team doing the work.
He can bring coats down without charging
He can perform the work at cost instead of profiting and performing the work.
Thus using his knowledge and expertise and connections bringing the costs down
He’s more inclined to get the job done
All of my splits have been 50/50
I have always bought the deal defined the sow and performed the work.
Why I stopped JVing
Had enough to where I could flip 2-3 homes myself
No longer made sense because being contracted to do the work I make 20% which is typically is 20k for example
that same flip profited 40k split 20l but didn’t see a dollar till sale. Made same amount of money but got paid months later ?
So a lot goes into considering a GC as a partner on the split.
Post: Chicago REIA... does anyone attend their meetings?
- Contractor
- Lemont, IL
- Posts 335
- Votes 75
@Mario Robles there is one in downers Grove twice a month I have attended a few times!
It’s fun should go to one and network!
Post: General Contractors, Chicago, Berwyn and South City/Burbs Needed
- Contractor
- Lemont, IL
- Posts 335
- Votes 75
Sounds like a good time. Have crews ready. PM sent
Post: SFH fix n flip general contractor recommendations in Chicago?
- Contractor
- Lemont, IL
- Posts 335
- Votes 75
@David Des
If you looking for a investor friendly contractor.
Shoot me a PM let’s see how I can help.
Post: Southside Chicago General Contractor referalls
- Contractor
- Lemont, IL
- Posts 335
- Votes 75
@Bob Floss II quality contractors exist just have to build a relationship with one!
Post: Contractor Referral - South Side Chicago Area
- Contractor
- Lemont, IL
- Posts 335
- Votes 75
@Krystyna Watkins id love to come
Out and give you a bid.
Shoot me a PM
Post: Need a GC for a 4-unit rehab in Chicago
- Contractor
- Lemont, IL
- Posts 335
- Votes 75
@Tom O. shoot me a PM. I can help