This contractor will take me from gutted house to ready-for-drywall (reframing, new siding, finished basement, new siding, new roof, new plumbing, new electric, new HVAC), at which point I will take over and complete the internals with my team. 

From what I understand, equity on a property is the amount of money a property is worth minus the amount of money owed on the mortgage on the property.At least one article has said that the principal remaining on the mortgage is the only component of the mortgage that is accounted for when determining the amount of money owed on the property’s mortgage when calculating the equity one has on a property.I am not sold on just factoring a mortgage’s principal into the amount owed on a mortgage because if interest is also owed on the mortgage for the property, the interest should be accounted for in determining the amount of money owed on a mortgage, correct?

Anyone out there create a spreadsheet or a template around J Scott's 25 components of a rehab from the book, "The book on Estimating Rehab Costs"?

Is it now an international city?

By the way, Tokyo BP Members - if you're ever headed to Seoul for a visit, be sure to shoot me a message and we can plan a get together.We have a BP member from the US coming to visit Korea next week and we'll be planning a dinner or coffee or something.Great to connect with other international investors!

These same owners get mad when we do not start the project at risk and get mad at us instead of themselves.For internal teams, it would be that there is always so much stuff going on and frequently no person is able to be made accountable for the work that is or is not completed.  

Alternatively, I could maybe outsource just the liability component and still save a ton on premiums.10k deductibles are not usually an option.

Our internal team is there to help you review rehab bids, inspection reports, analyze different exit strategies based on your updated numbers throughout the project, and help you work with different lenders and insurance agents that we refer you to.

Hi all, I am curious who here has an internal property manager (meaning someone on YOUR payroll who works for you and only you).

I have not sold one yet so I don't have any data there but from the internal chat there are plenty of members closing deals for profit!