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18 October 2011 | 16 replies
While I'm open to pretty much any type of partnership opportunity (if the deal is right), the rehabs I've been doing for other investors have mostly been just a flat-fee type of arrangement where I come in and take care of all details of the rehab.Basically, I consult on the level of rehab and finishes, put together the deal analysis, help put together the budget/schedule, and then bring in my contractors, manage them day-to-day and complete the rehab for the investor as we've agreed (or as he wants).
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28 August 2020 | 20 replies
I prefer the QB contractor industry edition, though it doesn't matter too much for most people.
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22 April 2020 | 16 replies
Since my last post I looked into cottage design via architects, <1300 sq ft, contractors given latitude will render the project over priced it seems.
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20 October 2011 | 1 reply
We are taking a contractor to look at it.
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22 October 2011 | 8 replies
I am about to start a project on a house and my contractor says that instead of replacing the current roof he can do a "nail over" of new shingles on top of old.have you ever done this?
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20 October 2011 | 6 replies
If I don't have a contractor or someone with experience with the rehab, I try to give a best guess based on the following formula.Square footage of the house * Rehab Factor (e.g. 5-12 depending on the severity of the rehab).ex. 2000 square foot house that just needs cosmetic (paint, carpet/flooring etc) would be a 5 rehab factor so I would estimate2000 * 5 = $10Ksame house with repair work and updating2000 * 12 = $24K
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25 October 2011 | 14 replies
.#4 - 4/1.5, 1556 sq ft. 1.2 miles away, Totally rehabbed house, builder grade fixtures, sold for 219k 8/05/11, 6 months on market.Will give more details but Im out to meet my contractor at the house.
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1 November 2011 | 12 replies
Call a contractor and have him bid it for you.
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26 October 2011 | 7 replies
It would also depend on your "exit strategy" like the comment before said are you going to do an Assignment of contract or fix and flip etc..
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10 November 2011 | 31 replies
Suggestion:- 30% down on purchase/renovation costs (minimum)- 8.5 - 9.5% interest rate- 15 year am"It's just like a contractor doing a job.I can go out and find someone quick to paint my apartment unit for 500 OR I can take some time to find a painter that I can get to work for 75.00 a unit that does a good job.I believe finance is the same way in that there is a bunch of money wanting to lend at rates and conditions that are not attractive to a buyer.So you have to find a lender willing to take less than the majority so you have an advantage.A question I have thought about is would you target one really wealthy investor or a bunch of smaller loan investors??