Typically 6% for bare bones permit set and you will have to find the contractor plus project manage it through construction.

The expense of making an error or hiring the wrong contractor can very quickly be much greater than just hiring a PM. 

I’m also putting together my “dream” team and interviewing attorneys, title companies, lenders, real estate brokers, contractors and magicians so I’ll be fully prepared when the 100 postcards I send out to randomly selected people results in the 14 offers to sell their notes that represents the average 14% response rate to junk mailings. 

The Sellers Agent said the Seller would fix the issues after the closing date and that we would be able to choose all the contractors.

Rehab: Coordinate with local contractors to perform quality, cost-effective renovations to increase property value and rental potential.3.

We set up our infrastructure and are very organize and thorough, and through the year we made some significant progress and went on a learning phase to get better each day and closer to our first deal.As foreign investors we have to rely on hard money which gives a less edge, and face uncertainty with contractors not knowing real pricing and such.We are constantly on the look out for new investment opportunities.The problems we are facing right now is not knowing good contractors and the high competition on the MLS.We just started learning more about off market properties and sending direct mail.We would like to hear from your experience what should our next step be as newbie investors, and if there are some foreign investors here with tips.Thank you so much guys, best of luck to all! 

And I could be wrong on the Ohio lending Licensure issue but the guys I am dealing with wanted the state license and the Federal registration that I have. 

Just know that it’s normal.Next time, you should ask for another investor or contractor that you trust to look over the inspection report with you.

All contractors and all subcontractors need the SAME set of plans and it saves so much time not having to measure and re-measure.

We plan to build on our “Deal Finder”, introduce a mobile app, and build out solutions to help investors meet contractors, lawyers, wholesalers (avoiding wannabes who just bought some guru course), and maybe foray into commercial - allowing investors to connect with Commercial Brokers.