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All Forum Posts by: Account Closed

Account Closed has started 2 posts and replied 82 times.

Post: Elderly Assistance

Account ClosedPosted
  • Contractor
  • Columbus ohio
  • Posts 90
  • Votes 42

Disability connections is a great start...also if a veteran could help with va....or community action depending on area. If there is no help there......I would be willing to give the labor part if you can get materials. 

Post: Overview of tax lien investing?

Account ClosedPosted
  • Contractor
  • Columbus ohio
  • Posts 90
  • Votes 42

When you buy at tax auction in several counties in michigan...you get the deed....the property has already been forfeited and foreclosed in the counties I have dealt with in Michigan. If you have any questions I may answer....get in touch with me

Post: What would you do with a million dollars?

Account ClosedPosted
  • Contractor
  • Columbus ohio
  • Posts 90
  • Votes 42

I would use it for fix and flips here in michigan until it was doubled and then use half for buy and hold and half for flips til doubled again....then move into higher number of units buy and hold and keep doubling in this fashion.

Post: My contractor's overheads are too high. Any suggestions?

Account ClosedPosted
  • Contractor
  • Columbus ohio
  • Posts 90
  • Votes 42

I am a licensed contractor in Michigan and even with comp ins...over head on high side is 25%....he is trying to make too much....or needs to find different guys....that amount of overhead is insane....or he figures he is a friend n can get more....he will figure out that it is better to make a lower profit per house and work with investors that will keep him busy and do 10 houses per year and make 10k per house is better long-term then making 25k on a house and not having steady work

Post: Investor from Michigan

Account ClosedPosted
  • Contractor
  • Columbus ohio
  • Posts 90
  • Votes 42

Welcome inderpal....i am an investor and contractor that is part of michigan rei out of lansing...if we can help with anything just let us know

Post: Skim coating floor for vinyl flooring in kitchen

Account ClosedPosted
  • Contractor
  • Columbus ohio
  • Posts 90
  • Votes 42

it depends on condition of floor, if glue is even and doesn't have high spots you would be OK. 

Post: Why do Michigan SFH investors reinvent the wheel everytime?

Account ClosedPosted
  • Contractor
  • Columbus ohio
  • Posts 90
  • Votes 42

Bao, I would like to talk to you more about this idea.  I believe some part mixed with everyone's ideas would be good. Why not start a company of this sort and set up meetings with investors and discuss all that investors are looking for and services they would use, have listings of all open units, have maintenance people all set up and ready, have contractors that all of the investors get better pricing from due to high volume, also suppliers lower pricing. Buying things in bulk lowers cost for all investors involved. I do not agree that one person could do it, I believe having someone set up this as there company and offering all of the services investors want is a good idea. I also believe that if you get enough investors together, there could be lists put together for new deals, real estate agents would come to the company with their inventory, and having a company with a huge group of investors together gives serious buyg power and group discounts, and leverage when needed, also gives investors a way to step back when needed, this could be for needingvacations, or to concentrate on a flip and let someone else handle rentals, or handle lining up contractors and utilities deang with city or government. I do believe an office set in Lansing is a good idea for central hub for statewide coverage. How many could we put together to provide these services, also these services to. What about opening the company and for initial startup getting investors together and eaceach puts in XXX and receives a percentage of profit at years end. What do you all think, this is an idea I think is good and would be willing to put time in and set up if you all feel there is a need and if any would be willing to invest at the startup to get this going. Pm me with any questionsquestions, comments, or ideas you all have.

Thank you

Post: bathroom from hell

Account ClosedPosted
  • Contractor
  • Columbus ohio
  • Posts 90
  • Votes 42

as a contractor in Michigan, he cannot collect on shoddy work, if it is not done right, he cannot collect, also if you didn't sign a contract, he has no standing. Also you can hold the first contractor that you have contract with, liable for work of his contracted workers. If he is licensed, the one you have contract with, you can file a complaint with state and seek restitution. You have several options, DONT PAY HIM. If you would like to discuss further, message me.

Post: down payment contractors before job started?

Account ClosedPosted
  • Contractor
  • Columbus ohio
  • Posts 90
  • Votes 42

As a contractor I understand where they are coming from...but if you are purchasing all materials and they are local, there should be no reason for that much up front, I've traveled all over the US for investors and even then only generally have they pay for hotels for couple days up front and we get payments as work Progress's. And if budget is 4000 to 4500 labor per house and you have two, I don't see an issue getting a contractor to do that work, if they are having an issue they must not want the work. For 8000 the 9000 contract for painting, its worth being there, so maybe set up draws on completion sections 

Post: Roofing Contractor Recommendations Buffalo, NY

Account ClosedPosted
  • Contractor
  • Columbus ohio
  • Posts 90
  • Votes 42
Originally posted by @Connor Smith:

yeah I think it may be due to how busy they are at this time of the year, but even taking that into account its still crazy high. I should have a couple more bids by the end of the week

 If these bids are crazy high...let me know...n we can see what we can do....even busy doesn't justify that kind of markup