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1 May 2024 | 9 replies
So, in other words, do the same kind of hustle as a wholesaler, find those off market deals, build up a buyers list, and sling some houses for commission fees.
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30 April 2024 | 3 replies
I think you are on the right track however its going to be necessary for you to have some "skin in the game" sooner rather than later - while it can be appealing and seemingly possible to build a significant real estate portfolio with all of "OPM" the reality is you are probably going to need to have some equity in these properties - 20% or so down from your own funds to keep building.
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30 April 2024 | 0 replies
We do love the building As-Is.
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30 April 2024 | 18 replies
You are definitely on the right track with looking to build the team so you can continue to grow.
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30 April 2024 | 15 replies
You can find some meetups on the Neighborhood Building Owner's Alliance website.
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30 April 2024 | 0 replies
Purchase price: $685,000 Cash invested: $250,000 This was a cash cow deal made up of an old converted schoolhouse with two other buildings along side it.
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30 April 2024 | 43 replies
Plus, you can build a network of trusted local contractors for maintenance and repairs down the line.
2 May 2024 | 41 replies
In business, references and jobs done also help too.Handymen per CSLB are prohibited from taking on projects that are more than $500, unless they can either break the project down into smaller job or risk going to jail -especially if they furnished something recordable (ie, a phone conversation or in writing) in violation of this fundamental CA rule governing construction.So yes I do agree CA handymen should never quote a client anything more than $500/materials+labor per particular job unless they don't care about building a career towards being a licensed contractor honestly and dont care if they end up being criminally charged for it.As for a family member and/or close friend I would expect handymen in CA to obviously work out 'less than armlength' ways to help them with big jobs that do exceeed $500/project but not leave an obviously incriminating papertrail afterall its family you're dealing with anyway and nevertheless as a handyman (and likely brother, cousin, in-law etc) until one day you are a licensed contractor then can quote as much as you want per project.I'm tired and done with CA handymen masquerading as contractors, quoting contractor prices, yet not having even liability insurance that licensed contractors are required to have.
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30 April 2024 | 1 reply
Developer could not complete escrow and property fell out of contract.I need help deciding on whether to try an list again and sell OR to hold and wait out the higher interest market for rates to drop with hopes of higher offers OR to develop the site myself and build it out.
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2 May 2024 | 31 replies
In this case, we may need a good PM or build PM system to let other ones to do the real things?