Either way I recommend listening to all the episodes of Glen Sutherland’s podcast “A Canadian investing in the US”Hey Zorya!

Owners cannot recoup these costs through higher rents, meaning they are effectively being penalized for trying to improve their properties.Instead of discouraging responsible property owners who follow the permitting process and invest in meaningful upgrades, we should be focusing our efforts on ensuring that all renovations are done legally and safely.

For any successful BRRRR or Flip, it all comes down to the purchase price.

You have to disclose all of this when you sell, so you will end up paying your plumber or discounting to your buyer.

Mike, Neal, John, Adam: thank you all for sharing.

This is day to day spending, rent collection, tax/utility payments etc. (1) account for all security deposits, (1) account for parachute fund, capex items etc.

Assuming you hire a contractor who is qualified, keeping things on track is all about communication (this goes both ways - from contractor to client and client to contractor)

Hey All - As my fix & flip company has grown in the last two years, we are beginning to bring our own construction in house.

For Example:  All Blue houses make more money.Lots of times, I tell people not to trust me, since my topics can be vetted, plus I don't know their personal situations.Just surprised that people on the Forum don't have more Podcast visits referenced in their bylines. 

On the 2nd I hired all licensed trades but separately.