Pratap Koppula
Uncovering the Causes of Construction Failures
3 February 2023 | 0 replies
🏗 Construction is building someone’s dream and why we fail to build one, the real strategic failures🤐Construction projects are complex 💢 undertakings that require careful planning and execution✅ to be successful 🏆 .Unfortunately, there are numerous potential pitfalls ⚠ , that are external and internal, that can hamper a project's progress, leading to strategic failure 🔥 .See the image for detailed external factors, mapping to internal factors 🔀 and how they result in below strategic failure.1️⃣ Failure to secure lower cost of capital 💰; the cost of capital during the gestation period adds up quickly 📈.2️⃣ Failure to obtain volume discounts 🏗 and rebates from materials suppliers and secure lower labor 👷♂️ rates from certain subcontractors; and3️⃣ Failure to build a sales and marketing 📢 strategy and aligning it with the Project timelines ⌛ .4️⃣ Failure to manage cashflows 💥 resulting in abandoning ✂the projects.
Amber Forkey
Offering Renters/Landlord Insurance as a Property Manager
3 February 2023 | 9 replies
That is a massive undertaking and very different business.
Dustin Smith
How To: Wholesaling/Partnering on Large Value Add Multifamily
2 February 2023 | 3 replies
Obviously this is a huge undertaking, something I'm nowhere near able to tackle on my own, but I want to try to put together a deal.
Michael Morrongiello
Listing in MLS a property under contract you want to Wholesale
6 February 2023 | 4 replies
Not too thrilled about rehabbing and renovating this one and prefer to "wholesale" the ratified purchase agreement with the seller to a builder or contractor who would be more in tune with such a large renovation undertaking.
Kyler J Sloan
Appraisals for Unique Homes
6 November 2022 | 6 replies
Is there an appraiser near Asheville NC who would provide me with some assurances before I undertake the construction of a unique structure that I would later like to refinance?
Tom Lafferty
Management options for 32 unit apartment
9 December 2015 | 22 replies
I absolutely agree with you that a big rehab would be quite an undertaking, and what you say about getting a track record makes sense.
Ciaran Willis
Seller Financed Deal
13 January 2023 | 1 reply
We had to evict the non-paying tenant and undertake a remodel of their unit before re-listing it for rent.
Andy Savin
Queens, NY - Converting 2 Family to 3 Family
15 January 2022 | 6 replies
Some homeowners get it done while they are staying, but it's a big undertaking and more than most people think.
Nadezhda T Karkelanova
Help Estimating Rehab Costs for First Home Buyer
12 January 2023 | 3 replies
Based on everything you described above, though, that property sounds like quite a large undertaking for any investor, especially one on their first deal or rehab.
Chance Badertscher
Congress Working to Pass Remote Notarization Bill
27 March 2020 | 3 replies
After originally stating that no closings could occur if a county recorder’s office closed, title companies may now file recordings electronically or via courier so long as all parties sign GAP personal undertaking.