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15 April 2024 | 7 replies
He would be mostly learning and not contributing a whole lot besides some onsite coordination, surpervising and probably some input on design and materials.
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15 April 2024 | 6 replies
It can be better to often estimate repairs or replacements on the high end and get a credit so you can choose materials and quality used and potentially pocket any unused difference.
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15 April 2024 | 33 replies
Now if you can find a deal for another GP or help them raise their capital or perform any of the other tasks noted above you can market yourself as a CO-GP and put the property on your website and represent yourself as the GP in your marketing materials to bolster your credibility and raise capital for your own deals.
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14 April 2024 | 6 replies
Nothing fancy but quality materials and good craftsmanship.
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14 April 2024 | 8 replies
I started listening to BP podcasts while working on the project, and have since devoured material in every form as I changed from fixing up a house - to building a real estate business.
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14 April 2024 | 25 replies
(After selling a few, I may do another house plan or turn some into rentals)I’m hesitant to build any with materials being so high but I figure if they buy it before it’s built my risk is mitigated.
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13 April 2024 | 5 replies
Cost to replace $20000 BUT it will take months to get the materials, so the cost is $29000.
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13 April 2024 | 28 replies
These must be extremely light rehabs, I’m doing what I would consider a very light rehab, with honestly maybe a minor step up from builder grade, 1200 sf, 1 bath house, materials alone are 25k
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15 April 2024 | 12 replies
Upselling: Simply put: our coaching, educational materials, access to teams on the ground, lenders, and daily live webinar calls are all included from the start and there is no conventional “upselling” that is required to receive that value.Secret: I used to think that none of this was “that complicated” as you mentioned, but then when we started FlipSystem I realized just how lost so many newer investors are.
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13 April 2024 | 2 replies
Most of my BRRRRs in the past I had to force appreciation - usually 4-6 month construction, labor, material and holding cost.