All Forum Posts by: Randall Re II

I have two properties in rehab right now 3 houses apart from each other. Before I put down a big 50% down deposit on the properties and only the roof deposit of half for one of the houses, he was great. Easy to talk to, work with, everything. The moment I put 50% down on the projects (combined $25k plus). Now he’s garbage. 30 days late on both projects, a month late on the roof installation, I got fined by the city for the lawn getting out of control after he sent me photos saying he fixed it but left out he only had the front of the lawn fixed, and not the back.

I wanna fire him once I find a replacement. What’s the best way to do this so I can get the money back I gave him as I know he hasn’t done much work?

 I haven't yet as companies are 4 or 5 months out booked due to the Hurricane. If your not there, I'd do a GC. Making sure its possible is first thing as can they get the plumbing to the property easily? Same for electrical and hvac. 

 My experience from working in facilities for 20 years and i looked up things on google to verify costs. 

 There are 2 great comps for the property. both sold in last few months. one property same size 2/2 just sold for $220k, and the other sold $180k however it's half the size. The property I'm selling is a 2/2, with a large office that you can turn into 1 or 2 bedrooms. The kitchen can be enlarged and the market doesn't require new cabinets, the ones selling are painting over old cabinets and selling. 
Rehab, I googled costs based from photos and from my experience in facilities management. 

ARV 250k * 70% - 38k rehab = 137k.
I'm asking $128. I figured that be a great deal. 

I have a property thats off market.

ARV $250k, Rehab est $40k, purchase price $128k.

When you look up the address, zillow shows the wrong location, but if you use the other websites you'll be fine. 210 Monroe St. N. Quincy Florida. I ran it through BP flip and wholesale, and it came in much higher than $128k, however I want to sell this quickly as it's my first one.

Recent property same size 1600sqft just sold for $220k, and this property I'm selling is the same size and has a large spare office that can be converted to 1 or 2 bedrooms to add value, plus the kitchen isn't to big, which can be enlarged for cheap as the market doesn't require brand new kitchen cabinets. All comps painted over old cabinets and sold.

There are 2 great comps for the property. both sold in last few months. one property same size 2/2 just sold for $220k, and the other sold $180k however it's half the size. The property I'm selling is a 2/2, with a large office that you can turn into 1 or 2 bedrooms. The kitchen can be enlarged and the market doesn't require new cabinets, the ones selling are painting over old cabinets and selling.
Rehab, I googled costs based from photos and from my experience in facilities management.

ARV 250k * 70% - 38k rehab = 137k.
I'm asking $128. I figured that be a great deal.

I have a property thats off market.

ARV $250k, Rehab est $40k, purchase price $128k.

When you look up the address, zillow shows the wrong location, but if you use the other websites you'll be fine. 210 Monroe St. N. Quincy Florida. I ran it through BP flip and wholesale, and it came in much higher than $128k, however I want to sell this quickly as it's my first one.

Recent property same size 1600sqft just sold for $220k, and this property I'm selling is the same size and has a large spare office that can be converted to 1 or 2 bedrooms to add value, plus the kitchen isn't to big, which can be enlarged for cheap as the market doesn't require brand new kitchen cabinets. All comps painted over old cabinets and sold. 

I have a property thats off market. 

ARV $250k, Rehab est $40k, purchase price $128k.

When you look up the address, zillow shows the wrong location, but if you use the other websites you'll be fine. 210 Monroe St. N. Quincy Florida. I ran it through BP flip and wholesale, and it came in much higher than $128k, however I want to sell this quickly as it's my first one. 

 Sent you a DM as it wont let me share the info. 

 LIke on someones page or?