Jeremy Benezra
Seattle Investor, long time BP listener, new to site
6 September 2016 | 10 replies
Investors generally want to pay for direct labor and direct materials and not pay for the contractor risk (OSHA, aebestos, LNI, litigation, construction defect risk management, lead based paint, surprises, injuries, etc.)
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.
Rodney Sheppard
I'm so new I haven't even been born yet
31 August 2016 | 4 replies
My ultimate goal is to develop a passive income and become financially independent so I have more time doing important things like...saving the world and searching for long lost treasures and civilizations.
Amiris Brown
REO: how do I negotiate
27 December 2016 | 33 replies
Yet, I do not see any sign of it "pending" on any public records, and wonder if the listing agent is playing games and/or will not do business with me due to currently being a tenant who is in litigation of suing that company and my landlord.
John Casmon
Tenant Left and Filed Buildings Claim
9 September 2016 | 11 replies
The PM firm does a good job of addressing all complaints so we're confirming with them that all items requested by the departed tenant were addressed and building our case for civil court.
Shelby Williams
Newbie From Seattle Washington
17 September 2016 | 22 replies
Residential, Heavy Civil, Commercial?
Mark Spivey
Fed Tax Lien Question
1 November 2016 | 11 replies
I'm guessing the 1040 one is for personal income taxes and when I googled the "CIVP" one it looks like it just means civil proceedings.
James H.
Just when I thought...
2 September 2016 | 9 replies
You need to contact a real estate attorney who performs litigation and not just a contract and "book" Attorney.They will have private investigators who will track down and investigate the property management and interview the tenants.You may have a bit more problems than you know about,yet.This won't be cheap but you have got to protect your property and investments from fraud and abuse.
Usame Dahir
Newbie from Seattle, WA
7 September 2016 | 9 replies
I'm an engineer too but the civil variety.
Todd S.
Leaving full time job- Seeking Advice
1 September 2016 | 3 replies
I work full time in an office doing CADD / AutoCad drafting design work on Civil Engineering projects for the past 15 years.