All Forum Posts by: Ronald Starusnak

Do you happen to know how much they're renting for? 

@Barry - We cover Rochester, NY for roofing and all sorts of general construction. We also offer our management clients 25% off all repairs and maintenance. I think at our current rates that works out to just $262 a square for shingles up to 2 layers. 

I wouldn't recommend the app. Scott Cardinalli has a good company called Scott's Precision edge.

His number is online. I can't post it here. 

Ditto on the Karp Law suggestion.

Peter, are you still looking to sell this note?

Justin, I am having a big special for new clients. We have a construction company as well and are offering 25% off all repairs and maintenance. We cover most of CNY. Oswego, Onondaga, Oneida, Madison, Jefferson, Cayuga, Seneca, Wayne, Lewis.  

Here is my marketplace ad if you're interested:

https://www.biggerpockets.com/forums/517/topics/51...

Website: www.Universal315.com

Kadeem, how many units are you looking to have managed? 

I have had the same problem on one of my flips. Purchased for $40k, put $30k into it and listed for $90k. Everything was nit-picked. I am a contractor so I did all the work myself. We rebuilt from the studs out. We had issues where they backed out because the water was brown (old supply lines) but it was only brown because the property was vacant and it isn't a real issue, mostly a street side problem. We replaced every window in the house, apart from one. They complained about the paint on the one window. Had complains about the weather seal on the bottom of a porch door. 

The biggest issue we had by far was the back neighbor. She was harassing all potential buyers and turned everyone away, the houses were VERY close together. We ended up dropping the price to $69k and just took an offer of $65k. Turns out the $65k offer was the lady in the back of the house. Ugh. I'm just happy to be out of this one.

Hey Dan, the wholesaling market is seemingly dead here in upstate NY. Look up the yellow letter method if you're going to do anything. Don't do bandit signs. I have TONS out and they've been out over a year and I have not received one call. They're all over the place.

Hey guys, we are working with someone who is providing private funds and we are also working with a hard money lender. I perceive an issue where we run into issues with consistently funding closing costs. This HML will fund the rehab but wants 20% of the rehab and 20% of the house cost upfront.

My private lender does not fund the rehab at all. In my specific scenario I have 50k+ out and we need to come up with another 22k to close on a property in 1-2 weeks. We are not a huge company and this can pose an issue. I'd have to wait for the first property to sell or suffer with a low bank account for awhile.

My primary company brings us in good revenue but I do not want to kill of the the funds it is bringing in as we have expenses every spring. I am looking for some ideas on how to cover the $22k closing costs. We do 100% of the repairs in house, we are very quick and can get things done much lower than typical cost.