Dan Passarelli
Newbie Question on Estimating Rehab Costs
14 July 2021 | 3 replies
.#3 Contact Local Contractors for Labor Pricing / Hire a GC to ConsultCall local Subcontractors and get budget pricing for common repairs on your typical rehab project.For example, call a roofer and ask what their average cost per Square of Architectural Asphalt Shingle Roofing would be on a 1,500 sf house, with a 6/12 pitch.Note: Some contractors will be reluctant to share pricing without seeing the property, but tell them you are just looking for a rough budget number you can use on future projects.You can also pay a General Contractor a consulting fee of a couple of hundred dollars (per house) to walkthrough a few properties with you and provide a detailed estimate of prices that you can use as your 'menu for future projects.#4 Compile Your Prices into a Spreadsheet or Estimating SoftwareOnce you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.The Book on Estimating Rehab Costs comes with a spreadsheet that you can use to help you populate your own database of labor pricing and material pricing.
Alfonso Castillo
Buying property in Indianana
14 July 2021 | 5 replies
I was just told that I do not need to hire a lawyer when buying property in Indiana.
Wade Bartels
4608/4610 Adams Street - Stinky = Money
14 July 2021 | 0 replies
I was the agent, New Era Construction ran most of the rehab for me with some other sub-contractors that I hired for plumbing, electrical, paint, landscaping. 402 Title services closed the loan and they do a great job for my other clients too.
Wade Bartels
4608/4610 Adams Street - Stinky = Money
14 July 2021 | 3 replies
I was the agent, New Era Construction ran most of the rehab for me with some other sub-contractors that I hired for plumbing, electrical, paint, landscaping. 402 Title services closed the loan and they do a great job for my other clients too.
Costin I.
Multifamily and Cost Segregation Studies
15 July 2021 | 9 replies
The IRS has hired a lot of new, young and agressive auditors to target depreciation schedules.
Alyssa Paros
Determining Building Capabilities
15 July 2021 | 2 replies
You will have to hire someone to come to perk tests for your soil.
Blake Russell
Corporate Structure & Privacy
22 July 2021 | 8 replies
There is no extra tax preparation for an LLC that is set up by a trust and it does not take hours to set one up if you hire an expert.
Cody Gagnon
$60,000 in Five Months!!
14 July 2021 | 2 replies
The flip took about 5 months with some work hired out and the rest done by myself as i lived there.
Jesse Fenton
Need quality mentoring
27 July 2021 | 7 replies
Many experienced investors will hire younger less experienced investors to help with the hard work/property management/rehab etc.
Tyrel Holman
Mortgage needed for short term rental
16 July 2021 | 3 replies
So I’m needing helping on securing a mortgage for a short term rental, I have a job but I’m a contractor so several banks told me I needed to get hired on full time first in order to get approval.