Alexander Forrester
First property
30 August 2016 | 7 replies
Some exterior walls were 2x3 stud construction and and 2x2 was not uncommon with many manufacturers for interior walls.
Daniel Johnson
How to keep track of finances on multiple flips?
4 December 2016 | 47 replies
On a typical project, here are the contractors I'll probably use:- Demo- Roofer- Painter- Carpenter- Plumber- Electrician- HVAC- Window Company- Tile Guy- Carpet Guy- Hardwood Guy- Cabinets/Countertops Company- Termite Inspection- Landscaping- Garage Door Company- House CleanerIn addition, on many projects I'll also use:- Drywall Guys- Insulation- Surveyor- Structural Engineer- Inspectors- Concrete Company- Driveway/Paving Company- Grading- Tree Trimming- Shower Glass CompanyFor big projects, new construction:- Architect- Civil Engineer- Foundation- Asbestos Removal- Sediment Control- Excavation, Dirt Hauling- Interior Sprinklers- Stone WorkEach of those contractors will typically get between 1-4 draws, depending on the scope of the work they have for the project.Then there are materials and other non-labor costs:- Permits (0-3 transactions per project)- Porta Pottys (0-3 transactions per project)- Home Depot Materials (3-5 transactions per project)- Dumpsters (1-3 transactions per project)- Paint Purchase- Cabinets/Countertops Purchase (2-4 transactions per project)- Flooring Material Purchase (1-2 transactions per project)- Specialty Material Suppliers (0-10 transactions per project)- Utility/Service Installation (0-5 transactions per project)- Private Inspections (0-5 transactions per project)- Insulation/Airtightness Tests- AppliancesOn top of that, I will potentially write several checks to:- Title Company- Property Inspector- Appraiser- General Contractor or Project Manager- Interest Payments- Utility Payments- Tax PaymentsOn top of that, I have my general business expenses:- Accounting- Legal- Interest Payments- Tax Payments- Brokerage Fees- E&O Fees- MLS Fees- Overhead/Office (Supplies, Equipment, Subscriptions, Software, etc)- Telephone/Fax/Internet- Income from Property SalesAll of these easily add up to a couple hundred transactions on a large project or new build, meaning many dozen per month.
Mike H.
Pest Control under who's responsibility? Landlord or Tenants'?
30 August 2016 | 22 replies
This is a multifamily property, even if I am the only one perform at interior pest control and if neighbors don't, we are not sure how effective it would be.
Amiris Brown
REO: how do I negotiate
27 December 2016 | 33 replies
I wanted to use a contract that I plan to work with in the future, but you're correct @Mark Gallagher in that I may have chosen to only have them as my mold remediators (for two houses getting mold remediation of all exterior and interior walls I figured $20K was pretty reasonable btw) and I was going to get a different contractor for the house restoration and remodel as I felt his quotes were a bit high.
Max Gustashaw
New Member in Southern California
31 August 2016 | 6 replies
I worked in the interior design and event business in Napa Valley during college and for a couple years after and I loved it.
Katherine Harvey
Dayton Real Estate Investors - Dayton Real Estate Rehab
30 August 2016 | 3 replies
Generally speaking, you will not have access to the interior to determine its condition prior to the application, nor at anytime during the process.These are not programs for the faint at heart, and none of them will permit wholesaling or assignments of contract, so if you pursue any of these, be prepared to put the money in once it's yours.
Corey F.
Looking for some advice on my first deal in MA.
7 September 2016 | 8 replies
The home needs a lot of work, including lead paint removal, some asbestos removal (don't know of the extent yet but I'm planning for the worst), new roof, new siding, rewiring, and an interior gut and reno (kitchens, bathrooms, etc).
Michael Gregory
Portland Profits with BRRR
6 October 2016 | 19 replies
The Numbers: The house was a short sale, listed at $200,000. 1962, all original interior, bad shape, 1500 sq ft up, and 950 down.
Laureen Youngblood
Online Auctions
6 September 2016 | 0 replies
I would be interested in offering my services as an Interior Designer and/or estimator of rehabs, along with my extensive construction and supply contacts.