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14 August 2024 | 16 replies
If Subs pulled permits, and they are not complete, you will need the contact info for the subs used.5- Perform a photo documented site inspection, written detail of unfinished work directly covered by the language/scope of work description in your contract. 6- If permits are complete, signed of as FINAL, no further inspections required, then solicit an estimate from another contractor for the list of unfinished work.
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14 August 2024 | 15 replies
Are there any tools I can use to determine estimated profit?
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13 August 2024 | 13 replies
I wanted to use the free "rehab estimate sheet" but it prints out with an extremely small font and gray instead of black.
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13 August 2024 | 2 replies
Either they did not do their homework right (appraisal comes in lower than their estimate, insurance/taxes are higher than their estimate, property did not have clear title, and/or the property has deferred maintenance) or they are shopping without having any experience in the industry.
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13 August 2024 | 1 reply
Most people estimate 5%. 2.
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15 August 2024 | 29 replies
Do they qualify for a DSCR loan with estimated market rents (use long term average rents, not suped up STR or MTR rental income to be safe).
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14 August 2024 | 6 replies
Hey y'all,I've had a lot of previous experience with rentals (single & small multi family, STR) and did my first flip in 2023 (where I lost a very small amount due to contractors taking 3x the estimated timeline), and I'm looking to finally get into serial flipping.
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14 August 2024 | 6 replies
Could anyone give me any estimates of expenses and cash flow based on experience?
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13 August 2024 | 3 replies
You can use generic estimates for each of these expenses (which is advisable), but then readjust those estimates for any specific property you are looking at (seriously).
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20 August 2024 | 81 replies
Since there is already a contract in place saying a real buyer is willing to pay X amount, and an appraisal is an estimate of what the market will determine a property is worth, the contract price is usually what the appraisal comes back at or near in my experience.