All Forum Posts by: Stephen Brown

Looks great Joe. One quick tip on the double sheet rock. Take loads of pictures of your ceilings to make sure all recessed cans are located before plastering of the ceilings start. Buried cans when using double sheet rock creates an even bigger issue than regular sheet rock. You probably do it anyway but a great tip is to take pictures of every aspect of a rough once its complete on a renovation. I nearly always refer to them in every project at one point or another. Keep up the good work, very informative.

That depends Carl but a rule of thumb is if you need to pull permits to do the work you either need a CSL or you need to hire a GC that holds a valid CSL to pull the permits for you.

Sounds great guys, thank you for the feedback.

Hi Guys - I'm here to start my REI portfolio. I'm a qualified electrician with a wealth of construction contacts and experience. I am looking to invest but also GC some projects for deals I source or are brought to my intention. Help me help you!

If you can go with the FHA 203k loan that would be the best option Aaron. Just a word of warning, the type home you are looking for is the holy grail of REI in this area of MA at this moment in time. That's where I see this plan falling down. You will need to work with a good real estate agent that can find off market deals and you will need to be able to move quickly with a cash offer to seal the deal. And most dumps touching 1500 sq ft are running $400k at the moment. Please don't take this as discouragement as I am just trying to inform you of what I have seen in this area. Maybe a location that isn't too far from red line, good schools that you can afford would be a better option? Arlington, Belmont, Watertown, Wilmington etc. Best of luck.

Thank you all for your excellent feedback. I will take all of your advice on board. Some of the business agreements mentioned I am not familiar with. There is so much to learn. It can seem overwhelming but I intend to learn as much as I can using BP before I go back to my boss with a plan. I really feel the experience I will gain will be my biggest pay off. Tks again.

So I am new to this whole game when talking about real estate investing. I am a licensed electrician working in a senior PM position for a MA ESCO. I have extensive construction experience i.e commercial, residential etc. 

The owner of my company has on more than one occasion mentioned to me he is very interested in building a real estate portfolio. Funny that, so am I! One problem is I am not financially in a position to start my real estate portfolio, he is. He is willing to put up $100k and he is open to all options. He wants me to put a few real estate investment options together. I see this as a great opportunity to build experience before I sink my own money into the game.

But my question is how do I sell this plan to him? And how do I build in a little earner for myself on top of the invaluable experience. A % of the profit maybe? I will be doing most of the work using my contractor contacts. We are sourcing a real estate agent right now as well as this I know will be a vital piece of the jigsaw. Any advice will be greatly appreciated.