Eric Bette
Young guy breaking into East Coast REI, while working in NYC
21 September 2018 | 4 replies
Did you have a milestone in mind, and when you hit it, you quit?
Kathryn Stevens
Do you incentivize GCs? If so, how?
31 October 2018 | 26 replies
Now, we write up simple contracts that have several milestone payments (most GC's ask for only 2 or 3 but we push for 4 or 5) as well as a early completion bonus and daily penalty if the completion date is not met.
Anthony Testino
Putting funds out is something I dont want to do
9 July 2018 | 21 replies
If you want to avoid the typical construction loan process of getting draws upon milestone completion, you are likely to have to go the private financing route.
Charles Cook
Contractor/Investor permit agreement
3 July 2018 | 3 replies
You can setup a draw schedule using “passing” inspections as the milestone for payment.
Jon Q.
First Ever 3D printed village
11 September 2018 | 2 replies
Here’s information about an interesting one:“The Dutch city of Eindhoven is to be the first in the world to have habitable homes made by a 3D printer, in an innovation its backers believe will revolutionise the construction industry.Of the first five new houses to be put on the rental market next year, the smallest, with two bedrooms, has already attracted applications from 20 interested families just a week after images were made available.Known as Project Milestone, the development is said by the Dutch construction company Van Wijnen to offer...”https://www.theguardian.com/artanddesign/2018/jun/...
Lisa Ramos
Owner remodel costs question.
30 July 2018 | 15 replies
Also, another piece of advice for dealing with the contractors is to always use milestone payments.
Zach Gard
New Member Intro - D.C. Investor / Commercial General Contractor
19 June 2018 | 13 replies
As the project progresses, if they aren’t hitting their milestones within the agreed upon schedule, ask them how they are going to accelerate their work and submit to you a recovery schedule to remedy.
Courtnay Moon
First time Investor in ATL
21 June 2018 | 2 replies
This is definitely the place for tips and strategies for succeeding as a real estate investor, and there are a TON of Atlantans here.Since you're already on the road to getting licensed, I strongly recommend you connect with those folks who are on that same road, just a few milestones further down.
Doris Jin Huang
Screwed by contractor, advice appreciated
8 July 2018 | 13 replies
Then everything is on a draw schedule based on milestones.
Dan Buhr
Structuring a Partnership - Advice Needed
9 July 2018 | 3 replies
On CM, pay him per passed inspection / milestones, back-load his pay on finishing touches, i.e finishing / final punchlist completion 800, the 1,200 regular milestones.