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30 July 2018 | 3 replies
Furthermore, contractor referrals would also be great!
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22 July 2018 | 20 replies
Also considering asking questions regarding how much they currently pay, do they pay water, electric, etc.
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24 July 2018 | 4 replies
I'm making my way into REI and so far, while the market is very competitive I'm my area (Hudson / Bergen counties in NJ), I'm finding properties which are worth, at minimum, analyzing well and making some offers.That said, I could really use some recommendations/referrals to general contractors and so I'm hoping the BP community could help!
9 September 2018 | 7 replies
I can coordinate CL-100 lettersI can coordiante many repair estimates based off measurements I take during the inspection and provide those to a variety of differnt contractors I deal with, without having to schedule them on-site.My reports come with a repair request tool for agents that really looks good, quick and easy to use In my reports I put into perspective the how severe an item found is or isn’t in attempts to aid in keeping the buyer from freaking out.
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7 September 2018 | 14 replies
@Tim Gathers I am a broker and licensed contractor here in Detroit dealing mainly with multifamily and 2 family flats.
28 August 2018 | 10 replies
Then I would fix & flip the property.So, There really are only two options I can think of. 1) Find an "off market" property that you can take "Subject To, on a "Wrap", or a "Land Contract" or a "Lease Option and proceed with either Fix & Flip or Buy & Hold or sell to a Tenant Buyer (my favorite).2) Find someone on the mainland that you can Joint Venture with in a market your finances can afford.Either way, you have to start somewhere.
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28 November 2018 | 3 replies
Does anyone have any positive experiences with a good HVAC contractor in the Tucson, AZ area?
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20 July 2018 | 4 replies
If you are only flipping a handful of houses a year, you can probably get by with a spreadsheet, but here are some important items you need to track/consider for tax season & business management:Tracking Project Expenses & Revenues to calculate your project Net ProfitTracking Assets/LiabilitiesProfit & Loss Statements showing Profitability of each projectTracking how much you paid each vendor/contractor for filing Annual 1099sActual vs Budget Tracking so you can see what repairs were over/under budgetBank reconciliation to make sure your accounting books match your bank statementsProvides a history of the business, so you can track financial progress or pull past financials in case of an Audit
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25 July 2018 | 42 replies
I think BP is incredible, but real estate is still incredibly local and the networking events out there are often the best ways to meet local agents, attorneys, contractors, etc.
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21 July 2018 | 9 replies
I do most of my own work, so If I buy a house that needs new paint and roof, I'd be paying less than half of the repair cost just in material... and keep what I would pay a contractor... or pay a seller because they just paid a contractor.