Jimmy Mills
"If you close more than one out of ten offers, you're paying....
17 January 2016 | 33 replies
With that out of the way, I agree with you that a 1% procurement rate may be part of a viable (though time-consuming) strategy.
Hilary Thompson
Average Cost of Demolition
5 November 2015 | 6 replies
Have you procured a demolition permit?
Aaron J Latal
Investing in Spanish Lake (St Louis, MO)?
9 November 2020 | 9 replies
This will help procure the most qualified tenant.
Matt N.
$200K in account (use that cash or get line of credit on it)??
8 February 2016 | 3 replies
Having no middle man to deal with places you in a superior advantage when procuring deals from wholesalers, owners, etc.
Yash Aggarwal
Tips to get Money for a Property
18 June 2015 | 1 reply
There’s a spread of sources on the market, and as long as you have got a good and reliable set up, you may be able to procure capital.
J. Martin
NEVER sell any RE in your Life, and Get Rich!?!
9 May 2014 | 32 replies
J, I have a similar mentality.
Daniel K Adderly
Alternative Commssion - Buyers Agreements
21 December 2014 | 9 replies
The name of the game is getting the numbers to work and I can't see an investor(especially here in the USA) signing off on an exclusive agent agreement where they'd shell out $20K whether the agent is the procurer or not, at least not for any residential transactions.
Brian Butterfield
Difficulty finding the right contractor to fit my business
26 August 2015 | 51 replies
If necessary, I will also put together rough floor plans with notes & floor plan changes to help visualize the project.On my detailed scope of work, I will provide a list of the materials that are CFCI or OFCI (Contractor-Furnished, Contractor Installed or Owner Furnished Contractor Installed)...By limiting the contractors proposal to rough materials & labor, this gives me ample time to finalize the finish selections on the project.Once the finishes are selected I will make a bulk delivery from Lowes/Home Depot to have all or most of the materials on-site (sitting in the garage), ready to be installed by the contractor.Here are my thoughts on advantages / disadvantages of OFCI Finish Materials, & I would love to hear everyone's thoughts:Advantages of OFCI Finish MaterialsOwner takes risk on materials - cost, procurement, scheduling & delivery is Owner's responsibilityContractor has less estimating risk - Contractor eliminates the quantity survey, & material estimating from his scope...Less estimating = Less RiskContractor spends less time estimating - Contractor saves time estimating the project because he doesn't have to look up SKU#s and prices for all of the OFCI finish materialsMinimize material changes & material change orders - Owner can make material changes/fixture changes without hassling the contractor & requiring a change orderSaves Project Management Time - Owner spends his time procuring, purchasing & delivering materials to the job site, so the contractor doesn't have to...Owner can save money on the materials - During the planning period, the Owner can shop around, find coupons/deals to save money on materials...The Owner may also save on contractor markupOwner can build business credit & Southwest Airlines points by purchasing materials :)Disadvantages of OFCI Finish MaterialsOwner is responsible for procurement/scheduling - If the owner doesn't purchase the finish materials according to the schedule or doesn't purchase enough material, the project can be delayed, costing the Contractor time & moneyContractor loses out on extra markup on materials - Contractor will lose out on material mark-up...On the last point, Contractor Loses out on Material Markup - The contractor doesn't need the Owner's finish material cost to markup their bid...If the project has $10,000 worth of OFCI materials & the contractor typically marks up material 15%, then that's an extra $1,500 worth of material markup...What's preventing you from just bumping your labor estimate by $1,500?
James Lindsey
Cash flow vs appreciation?
11 April 2016 | 53 replies
I am worried though about my novice ability to find and procure a multiplex house hack for my first home that will cash flow nicely.