All Forum Posts by: Account Closed

Jose, You are welcome.

Feel free to reach out if you have any questions.

In the past I have brainstormed and mentored with many people, and have mentored people as well.

The most affective system I have used is a mastermind. I have story after story of the effectiveness of a mastermind. Google masterminds and explore.

I was once told the most expensive thing you can own is a closed mind.

Stay the coarse and here is to your success.

Jose,

I have done small projects 30,000 and large projects 1,000,000 using private money.

When looking for private money you have to start by networking, ask around to people in the industry if they know anyone who lends private money. Once you start talking with these people the options or terms for this money is as open as you imagination. I once bought a property on options, an option gives you the right to buy the property at todays price in 6 months but not the obligation. I did this because the market was moving so fast I just wanted to secure the property while figuring out what I could do with it. In the mean time the value went through the roof making the project a success.

Once you start getting in front of people and discussing options you will be surprised at how easy it becomes to get private money. Just don't be afraid to ask because if you don't ask, you will never get.

Hi Matt,

Picking a good contractor is one of the most important parts to the success of a project.

Once you have the scope laid out, ( written down ) and plans drawn you can put it out to bid.

Having a job walk at the beginning will save you a lot of time in the interview process. 

I invite three contractors to look at the job at a set time.

I walk them through the project, give them the schedule we will adhere to and during this process I give them a list of the items I will be supplying, toilets, lights ext. There is no reason to pay markup on items you can buy.

At this time I also get their references and I call them. Ask the references if they stayed on budget and schedule and how was their communication.

You will also want to get their license information, in my state in order to get a license they will have to have all the necessary insurances and bonds and keep them current.

You can also call the state contractors board and look up all their information. The board will let you know if they have any leans, any complaints or issues.

When you sign a contract with them make sure it includes the schedule. This will give you leverage if they start to fall behind.