Christine Swaidan
Coretec Plus floor
3 November 2022 | 9 replies
What impressed me about this product besides being waterproof is that I was told no underlay is needed AND no demo of old tile is necessary.
Bonnie Low
Big stucco problems! What are my options?
5 July 2020 | 13 replies
Getting a demo company to remove the stucco will likely be cheaper than having the siding guys doing it.
Vickie Y.
Bookkeeping tips for rental properties
5 April 2021 | 7 replies
Vickie Yang If you haven't done so, separate all RE transactions should be on a separate account.
Kevin Kozicki
Buy or Build apartments in Los Angeles
9 September 2016 | 19 replies
If you want a tear down, that means demo all walls, if you remain 1-2 walls (maintain only the studs) that would classify as a remodel.
Daniel Johnson
How to keep track of finances on multiple flips?
4 December 2016 | 47 replies
On a typical project, here are the contractors I'll probably use:- Demo- Roofer- Painter- Carpenter- Plumber- Electrician- HVAC- Window Company- Tile Guy- Carpet Guy- Hardwood Guy- Cabinets/Countertops Company- Termite Inspection- Landscaping- Garage Door Company- House CleanerIn addition, on many projects I'll also use:- Drywall Guys- Insulation- Surveyor- Structural Engineer- Inspectors- Concrete Company- Driveway/Paving Company- Grading- Tree Trimming- Shower Glass CompanyFor big projects, new construction:- Architect- Civil Engineer- Foundation- Asbestos Removal- Sediment Control- Excavation, Dirt Hauling- Interior Sprinklers- Stone WorkEach of those contractors will typically get between 1-4 draws, depending on the scope of the work they have for the project.Then there are materials and other non-labor costs:- Permits (0-3 transactions per project)- Porta Pottys (0-3 transactions per project)- Home Depot Materials (3-5 transactions per project)- Dumpsters (1-3 transactions per project)- Paint Purchase- Cabinets/Countertops Purchase (2-4 transactions per project)- Flooring Material Purchase (1-2 transactions per project)- Specialty Material Suppliers (0-10 transactions per project)- Utility/Service Installation (0-5 transactions per project)- Private Inspections (0-5 transactions per project)- Insulation/Airtightness Tests- AppliancesOn top of that, I will potentially write several checks to:- Title Company- Property Inspector- Appraiser- General Contractor or Project Manager- Interest Payments- Utility Payments- Tax PaymentsOn top of that, I have my general business expenses:- Accounting- Legal- Interest Payments- Tax Payments- Brokerage Fees- E&O Fees- MLS Fees- Overhead/Office (Supplies, Equipment, Subscriptions, Software, etc)- Telephone/Fax/Internet- Income from Property SalesAll of these easily add up to a couple hundred transactions on a large project or new build, meaning many dozen per month.
Nakul Kongovi
Direct Mail - findmotivatedsellersnow
30 August 2016 | 1 reply
Viewed the demo and did some research online.
Amiris Brown
REO: how do I negotiate
27 December 2016 | 33 replies
Now, to be fair, he quoted us $130K to do everything on the two moldy properties that came on this acre of land, the mold remediation alone for both properties was about $30K itself ($15K for the big house, and $4k-$6K for the small house — as he was unsure the exact price since some walls in there maybe kept or maybe not depending on what they find when they start demo).
Ryan Heltemes
Should I try to flip this house in the Portland area?
2 September 2016 | 12 replies
Height restrictions when selling lots are common as are anti demo restrictions on historic homes.
Clint E.
New Member, St. Charles/St. Louis, MO Area
1 September 2016 | 0 replies
I have pics but it's all ugly demo pics and not completely finished pics.Future plans are to keep building my portfolio, possibly using FHA strategies, or possibly commercial.Anyways I thought I'd get on here and say hi to everyone here.
Andres Blandon
Advice? deal or dud in Augusta, Ga.
2 September 2016 | 6 replies
Demo the house, piut an inexpensive but clean used mobil home up, rent it out, then sell as a cash flowing property to an investor, or hold.