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12 January 2016 | 8 replies
I got married a week after we bought the house and jumped right into it after our brief 4 day ‘mini-moon’ on the Oregon coast.Since it’s the first thing everyone want’s to know; Here are the numbers:Home Specs:Before – 2 Bed, 1 Bath; After - 4 bed, 3.5 bathPurchase Price of House: $365,438Total Rehab Costs (incl. architect, engineer, & permitting): $336,888Soft Costs/Holding Costs: $8,774Total Purchase and Project Costs: $711,100Final Sale Price of House ($55K over asking): $885,000Realtor Fees: $42,038Gross Profit for Project: $131,863Funding Source: Private LenderThe duration of the project from acquisition to design, land use review, historic committee, construction and final sale was just over 13 months.I’m going to chalk this one up as a WIN.
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12 January 2016 | 4 replies
Was burning out on the business.
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13 January 2016 | 47 replies
IMHO, it's not worth you or clients getting burned on, especially if SPDS aren't available.Find a good inspector and stick with them.
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18 November 2015 | 4 replies
I'm also fortunate in that I work in commercial construction as a Project Engineer on a large project ($750M) and can ask for favors from subs based solely on the contract amount.I'll continue to bring up this topic with other real estate people and get their takes.
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9 November 2015 | 3 replies
My suggestion is to become more of a transactional engineer (Ron Legrand terminology) and work to solve the seller's problem.
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13 November 2015 | 47 replies
Wood burning stove with chimney.
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4 January 2016 | 6 replies
Anyway, to answer you question - a number of the engineers you'd engage with the build of your complex will help you find your soils/geo-tech guy.
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16 November 2015 | 10 replies
I am in the beginning stage of my real estate investing career, I am very much interested in wholesaling, fix and flips, buying-hold and rentals.After graduating from college with a Bachelors Degree in Structural Engineering, certain things in my life happened and made me realized that this was not my calling and by listening to different podcasts on my commute to work, one of the podcast that changed my mindset was "The Flipping Empire Pod Cast" with Nasar Elarabi and Christopher Seder.
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10 November 2015 | 4 replies
A business can burn through millions before its up and running.But then people like you make me question it.How do i get there?