All Forum Posts by: Drew Denham

Jarrett Harris Why would u want a paper trail?

Pros? Cons?

After repair value * 70% - repairs = purchase price However, I'm in a new market and this technique doesn't seem to work... Check out zillow to see what comps are selling for and determine your estimated repairs w 15-20k profit

Multiple offers on these trainrecks of houses, houses pending after an hour on mls, etc etc. Anyone having good luck ofer here?!

William Sumnicht Hi William! Thanks for the note. My friend and I flipped two houses but in a different smaller city. I'm now in Grand Rapids mi (2nd largest city in mi) and the competition is crazy. Back at home we had more luck w our handy man vs. a contractor ... The contractor didn't actually finish the job and we had to do it ourselves... The handy man charged $15 an hour and knew plumbing electrical roofing siding you name it! Makes me like my old market way better ! But I need a place to live in Grand Rapids... I'm looking for the best ways to protect my self ... The guy I met isn't licensed but is insured ... He's not on Angie's list... He quoted me 30k while a liscinced contractor quoted me $75k... Crazy

Pros and cons ?

Looking for suggestions... It appears with rental income I could purchase another property in the near future vs a SFH where I would be kind of stuck for a bit until I saved more money. The problem is most duplexes I look at are dumps! How do u determine a good deal on a duplex? I don't want to live in a crappy house... Thanks all!

Hi all - I'm working on getting bids from contractors and I'm in a new city. Any suggestions on how to make sure I get a good crew with good quality? How should I set up the bid? I can't find the company on Angie's list Thx!

Sydney Chase Hi there - do you use some type of software Which gives you a probability of what the bank will accept? I'm interested to hear more! Thanks Drew Denham

Jonathan C. Congrats! What's the best way to find a good and reasonable contractor? I got a bid on a house in Grand Rapids mi for 75k$ for a total gut which in thought would have been around 40. Thanks,