All Forum Posts by: Nathan West

But this is just a thought I wanted to toss around.

...how does your GC charge? It's either that or a flat contracting fee. Which will rip you off sometimes then make me loose money sometimes. How do you think we make money?

Contractors are starting to see the rise on the market. Usually we will charge between 10 and 20 % off materials and labor. 10% being the norm for the past few down years. Talk of raising their commissions and us staying at 10- 12% might work. What else would you want to make you go with us than just another gc? What do you look for?

I own a remodeling comapany in Charlotte, NC. I am considering
implementing a REI department. Which manages and oversees investment
projects like flipping houses. My question is would you use a contracting company like this?? We will provide 1 on 1 project management with you. We will operate in the same structure as a real estate brokerage firm. You will have a general contractor that is an independent contractor through us, which will manage and oversee your project. All proceeds and funding you provide will come through us and get funneled down to him, just to allow oversight of cash flow. We will be able to spread out and take on projects outside of the Charlotte area. Spreading into the rest of the state. Possibly in the future some surrounding states. He will of course will take a comission from the project which will be split with us at an agreed upon %, like a real estate agent and brokerage firm, for us providing him the work and him using our name and taking any responsibilities he may fault on. Would you flippers be more comfortable working with a company like this? Just tossing the idea around...

With all due respect, this is not to be unexpected from a beginner. I say this because i am too a beginner and have another business and at one point i was, and many others i met was too, curious about these questions. However, you will be on here for days finding hundreds of different answers. The reality is how hard you work, network, and search for good deals will get you where you want to be. That sounds simple enough does it now? The real truth is its not how hard you work but, what you do spending your time working hard, not how hard you work. Then it's not how you network, but who your networking with....that one could be taken vice versa. And not how you search for good deals but where you search for good deals..... As well as how you search for good deals. I hope your not as confused as I was when I got that answer from my first bit of advice from someone from my other buisnes. If you are, then congratulations..... Welcome to the club.

When you are looking into the value of your home and trying to put a value on the marketable value. What role does the tax assessment play in this value?

I have read on here that zillow is a waste of time. How about trulia? Mostly looking to whole sell properties

I am getting into whole selling properties and understand that it can take some time to learn the art. I still need money while I'm starting out. I am wanting to work for investors fixing their properties at a reduced price in exchange for knowledge about getting into this buisness. I am also in real estate school and awaiting a phone call today to find out if I will have acces to MLS through a relative and another agent.

Thank you for your responses. I run a remodeling company in Charlotte. I'm considering trying to make a deal with flippers and investors if they would be willing to teach me the ropes I could give them some discounted work depending on the job. @Vickers I am actually from Sylva. I am very familiar with the beautiful mtns. Where do you aim to do most of your deals?

First of all I am new to this site and and would like to thank whoever made such a great place to get information and network. I am 21 yrs old, live in Charlotte, NC, and am looking to start out whole selling. I have read the guru stuff and have heard real stories on here and a few people I have met. Some of the real stories line up with the get quick rich stuff and some doesn't. So I am here asking you, what are truly realistic goals to start. How long does it take before the first sale? What did you do? What would you have done different? what where the basics of your first transaction? I have some little money but a lot of time. So I look forward to hearing from others experiences.