Hello everyone,My name is Frank Ortiz I’m obviously just starting with two properties hoping to network and continue building momentum as is essential from what I noted as the general consensus.My overall goals are to build during a 5-10 year window.I’d love to talk and learn as I’m still a w2 full time employee 😢

Think about: theft of materials from site, bodily injury to contractor's employees (not covered by his Liability Insurance), does the contractor carry workman's comp...Rather than worry YOU NEED A BROKER WHO ADVISES.

An experienced investor with 50 properties and systems/employees to streamline it has different ideas of what a good deal is vs. a part-time investor with a full-time job looking at their first purchase.

A couple of the big cost items are insurance, computers & software (one software seat can be $5k+/yr or more), employee pay and benefits, mortgage for office building, license fees etc.Some items that people don't realize is included in our fees (most of the time) is our consultants such as structural engineer, MEP engineers, civil, landscape architect, etc.

That is the greatest inventory level since July of 2020;Townhome/condominium sales experienced their fourth consecutive monthly decline, falling 17.6 percent, with the average price up 7.5 percent to $257,781 and the median price up 4.8 percent to $220,000.HAR Source

There will be a thinning of RE agents Mortgage brokers  title company employees  sub trades etc etwhat will lead to over all stability though is the amount of real estate owned free and clear much more than most investors probably realizeand as it relates to owner occupied areas the amount of sub 4% fixed rate financing that in most instance payments are less or equal to rent.

Need a fixed/set construction cost figure; otherwise, there is little incentive to manage costs and he can submit whatever he wants for his employees' time. 

So I'm trying to figure out how to structure payroll for this new employee.

Our overhead stays the same.....we can't/won't lower our employees hourly rate, and the other overhead costs don't come down just because the economy changes.Now, some projects may bid out a little lower due to material prices dropping slightly (if that is true)..But generally, no, the SF cost for rehab should stay pretty much the same....

Frost Bank plans originate the mortgages and then intends to service those loans throughout their lifespan, rather than bundling and selling on the secondary market.Frost is expected to begin offering these mortgages in mid-2023, and the move is anticipated to bring nearly 100 new employees to the bank to serve as originators, programmers, and compliance personnel.Frost Bank has 155 branches throughout Texas.Source:  San Antonio Business Journal (https://www.bizjournals.com/sa...)