Chistine DePaepe at Guaranteed Rate is wonderful, if you haven't spoken to her yet you should!

Welcome to the wonderful world of real estate investors!

Unless your in a market like the Bay area were you pay 1.5 mil for the lot and build a nice spec for 200 a foot say 3k feet for 600k  and have 2.1 in it and sell for 2.9  which is common the 15% of project cost work.but if your in a market were lot is 100k   build is 200k and end product say is 350k.. and you pay 30k to the builder that is far to much by double.we hire for flat fee if we are financing the whole job and they are simply acting as GC and have no monetary involvement.  10 to 15k a door. is what we pay.. and if we are so inclined there can be a bonus if we do real well.hope that helps.. careful to tag your jobs to % of gross construction costs you may not like were you end up.

Hello,I was wondering if any of local BPers can help refer a good property management company in Ann Arbor for a residential property.Thanks for your help in advance.

Investing in real estate is something I definitely want to do but I'm worried we will both be too busy working, and will not be able to take care of the property and tenants properly.

Aside from the $21k, do you have to take care of any rehab to realize the $75-125/unit rental raise

Im wondering at what stage of the loan cycle, borrower choose to default?

I am immensely thankful to BP and this community for helping me get over my lifelong fear of real estate investing.CheersJD  1) Be careful with turnkey providers.  

I buy condos and cash flow great and the Assoc takes care of just about everything so in 5 years I think I have gotten 3 calls with an issue with a unit and those where all very minor things.

I'm gonna start to fix it in a couple weeks and I was wondering if anyone could recommend a good contractor in the Philadelphia area.