All Forum Posts by: Steven Del Prete

Ill agree with everyone that it is on the high side but not unreasonable. HOWEVER without knowing how bad the walls are and the size of the rooms I can't tell you how the price is. I mean it could be 3, 10x10 rooms or 3, 20x20 rooms.

On top of that you said you called several companies and they are all landing around the same price. That right there tells me the price is justified. It's not like you said you had two prices of 1500 and one of 2500 and your wondering why the one is so high.

Well I don't know your answer but what I do know is that I wouldn't do unprermitted work in/on any home.

Sorry I can not help further than that

How big of a room will it be? Does it have room to add a closer and make it a 2/1?

Joshua Dorkin on my ipad 4 when I load all the post I could not scroll down all the way to click post reply. Not sure if it will work fine on my phone as it seems no one else is having a problem. Other then that its looking great so far. Also I think it was mentioned before but a search feature in the future would been greatly used by the masses and cut down on multiple post on the same questions.

Welcome. I myself am also right in brick, nj. Small world huh?

As others have said if the numbers work then it just works.
For instance a listing came up last Monday and went under contract that Wednesday morning. Listed at 215k and an exact comp a few homes down just sold at 299,900. I never got a chance to look at it and not sure on the number they bought it for but obviously the numbers worked haha

No problem

If you need tips on how to help speed the process up I can help some here and elsewhere. To touch base on doing multiple rehabs at once. As long as you didn't start each one at the exact time you should be able to have your contractors jumping from house to house. Now there may be some over lapping of trades and that's where having more then one electrician or plumber or carpenter ect come into play. Plus you should have more then one for every trade so that your not forced to have to wait for them and their schedule but instead you use the one that meets YOUR schedule.

Now of course this will take time to grow a relationship to each one of the companies you use. Besides recommendations from friends or other investors you can always try to call a builder and see who they have used in the past and how it went for them.

For when I build a new home, an addition, kitchen, smaller project ect. I have certain ones I know are better for certain projects but also 2-4 of each trade I will call to make the whole project work on MY timeline.

This is something you and everyone should work towards to keeping their project on THEIR timeline and not someone else's.

On ok that makes sense.

However I thought I read your taking 4-6 months to rehab projects and even at 3200 square feet you should be able to speed that up slightly which will make you more money which less holding cost on the rehab side.

@ty burns so you are adding in the selling time and such to the rehab which is where you come up with your 4-6 months?

@gary parker that seems like it should be sped up some unless money slows you down.

Cant seem to tag people on the ipad, anyway make your contractors know their timeline and schedule inspections in advance. Don't do it after the work is done or you are just wasting days/time.