All Forum Posts by: Phuoc Ton

Hello Mike,

Your story is the second inspiration success that I heard this week.  So, you have to be able to come up 20% on every deal you acquired?  Is the bank you deal with is one of those giant banks?  Thanks and congrat again.

First off Congratulation!  

With all your investments, do you ever have to use private lenders/Hard Money at all? How do you locates these properties?  I have heard quite a few success stories on here.  I am so ready getting into multifamily and need some guiding and contacts.  I live in Plano Tx.  If anyone here have any connection/newtwork or contacts please kindly advice.  

Thanks all in advance.

Mike,

Of course not, I will have to find my own.  thanks sir.

Hello all,

Am not sure that I am in the right forum.  I do have couple questions about rehab and GC.

- Should I manage my own rehab project rather hire a GC?  If so, what are the steps to do so in regarding what work need to be start first and so on?

- Should I pay GC cost plus %fee, or flat out on a project?

- Can the GC have a lien on your property if there never at any point there an official contracts signed?

- Should I have the GC given me a bid only on the labor and few necessary items to perform the job for instant, painters I will be providing the paint and they provides whatever need.

- Should I hire each individual trade master by the hrs/project and what is the best way to have an good estimate on how much things cost?

All your soonest reply greatly appreciates.  I live in Dallas TX,