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All Forum Posts by: Christopher B.

Christopher B. has started 26 posts and replied 686 times.

Post: Building low income housing using Shipping Containers ?

Christopher B.Posted
  • Rental Property Investor
  • Knoxville, TN
  • Posts 701
  • Votes 531
Originally posted by @Christian Podedworny:

Update.

  I have not been on Biggerpockets for some time now due to the amount of work I have been putting towards this project. I have located a 2 acre parcel in Tampa and I have built many relationships with local Brokers, Bankers, General Contractors and Real estate agents. These past 2 months have been educational and eye opening. The relationships one builds with professionals gives you the confidence to move forward and keep going. I had many questions to ask,many meetings to go to and several  emails to send however it was well worth it . In this type of project there is no room for mistakes because the project is multi faceted and it's imperative to align all parties especially the local G.C and the modular container builder.

     Finding the vacant parcel was not difficult but finding the parcel which was in line with this project was. At this time I am negotiating  owner financing with the seller along with getting  preliminary approval from the zoning/planned development department for this project. If all goes well I be will closing on the lot in August 

       The original approach was to build 20 units however the land I am found can sustain 40 units ( 20 units per acre). . Since this will be the first project I will build in two phases. Phase one will include the first 16 units being built and then the remaining 24 units will follow. 

    Once the plans, rezoning and paperwork are carried out the initial phase of site clearing will begin and the horizontal construction will follow. This coming August I will be meeting with a company that has been building modular structures for the past 22 years and having them on my team will make the process stress free and smooth sailing. The shipping container/modular unit will measure 17' x 43' (731 sq. ft). This will be a medium sized 2 bedroom unit perfect for a small family. The modular builder will complete the first 16 units (total of 32 containers) in 2 months and then all units will be shipped to the port The port will load all 32 units on the container ship and the ship will arrive in Tampa  units within 6-7 weeks. Once the shipping container vessel docks in the port a local logistics company will be hired to deliver the containers to the job site where a crane will lift the containers and position them on the concrete slab. The container stacking and assembling process should take 2-3 days and then the connecting, welding and bolting will follow.

     I will provide more information soon and pictures will be added once we begin construction.

Keep us posted. Very intriguing project. 

Post: What are flippers and rehabbers looking for in a contractor

Christopher B.Posted
  • Rental Property Investor
  • Knoxville, TN
  • Posts 701
  • Votes 531

If you show-up and follow through with your word you have beaten 80%+ of your competition in the construction industry. Pretty low bar. Specialty trades are easier to find. I can find window companies, plumbers, electricians, etc. quick and easy. Them being good at their job, reliable, and fair priced is a different story but they'r easy enough to find in general. For me anyways, it's tough to find good carpenters and guys that take care of the general repairs that fall between the trades. 

Post: Somebody talk me down

Christopher B.Posted
  • Rental Property Investor
  • Knoxville, TN
  • Posts 701
  • Votes 531

buy a cheap window unit, then put in storage for future AC breakdowns or short-term fix situations. 

Post: Legal things you can do to make a bad tenant want to leave?

Christopher B.Posted
  • Rental Property Investor
  • Knoxville, TN
  • Posts 701
  • Votes 531

Strict screening and enforcement of the rules will generally alleviate these issues. It sounds like at this juncture her best options are file for eviction or offer cash for keys. Instruct her to offer them cash for keys, they get $500 bucks and leave the place how it is without anymore damage and do not have an eviction on their record. She saves time and money on eviction and can get it cleaned up and ready for next tenant sooner.

Post: What would you do with 30K?

Christopher B.Posted
  • Rental Property Investor
  • Knoxville, TN
  • Posts 701
  • Votes 531

Protect that cash like a mother bear. You have just enough to get yourself in trouble. 

Post: Why Every Wholesaler Needs Transactional Funding In Their Toolbox

Christopher B.Posted
  • Rental Property Investor
  • Knoxville, TN
  • Posts 701
  • Votes 531

Using the ole noggin there Mr. Wolf. Good stuff. 

Post: Where do I find my buyers

Christopher B.Posted
  • Rental Property Investor
  • Knoxville, TN
  • Posts 701
  • Votes 531

craigslist

Call "we buy houses" signs

Go to city auction and see who is buying 

Search tax records to see who is buying houses 

Facebook

Instagram

Reia and investor meetings 

Just start networking like crazy. Every investor is looking for something different. 

Post: Acting as a General Contractor

Christopher B.Posted
  • Rental Property Investor
  • Knoxville, TN
  • Posts 701
  • Votes 531

Banks don't regulate the building process, the city and state do. Here is your answer. I misread the exact question initially. 

"Pursuant to TCA § 62-6-103, an owner of property may construct a single residence once every two years for his/her own use, as long as it is not for resale, lease or rent without being a licensed contractor. However, anyone hired by the homeowner whose portion is $25,000 or more would not be exempt from the contractors’ licensing requirements."

Post: Acting as a General Contractor

Christopher B.Posted
  • Rental Property Investor
  • Knoxville, TN
  • Posts 701
  • Votes 531

@Levi Graziano So, once upon a time you could go down to the city/county building here in Knoxville and pull a permit for your rehabs as the owner. I did this for a few years myself before getting my GC license. As flipping became more popular contractors complained to the city about this as they felt it was taking money out of their pocket. So now they require that you be living in the home in-order to pull the permit. I wouldn't lie to them about this because if you are active you obviously will eventually get caught. You want the city/county to be your friend. 

You have 4 options though. 

  1. Hire a GC
  2. Become a GC
  3. Become a licensed remodeler
  4. Do un-permitted work

A licensed remodeler doesn't have to take the lengthy and tough GC test. It is more of a paperwork license but the catch is you can only pull permits up to $25K.

I don't recommend doing work without a permit for so many reasons I can't type them here. You will get caught. I just bought a house from a guy that got caught in this very scenario

Hope this helps

Post: Building a team in Knoxville

Christopher B.Posted
  • Rental Property Investor
  • Knoxville, TN
  • Posts 701
  • Votes 531

@David Morgan born and raised here myself. I hope it didn't come across *** rude. Finding good people just hasn't been easy from my experience. At least not across the board. 

@Levi Graziano do you guys have an email list or anything? I'd definitely like to come out and meet everyone.