25 August 2021 | 0 replies
Is there any standard practice to break TCC something like Site preparation and other works 4-6%, Service works 14-19%, Finishing works 20-25%, Civil works 50-55%, Consultation charges 3-5% of Total Construction Cost estimations?
25 August 2021 | 3 replies
Account Closed Unfortunately none that I have found to be legit, or charged too many fees, or didn't have the capital I needed.I've been doing rehabs for quite a few years now and ultimately starting working with local banks that could provide purchase + rehab financing all in one loan.
26 August 2021 | 4 replies
I’ve worked with my GC on several deals and he has approached me about wanting to work together.Essentially it would work something like this…1) My LLC purchases the property2) He will only charge me COST on the labor and materials (no profit or markups) which will save me around 30% on regular contract figure he gives me in my market which is very expensive3) He will also make 300k of his own liquidity available to inject into the deal (I will put some of my own cash in and get a HML loan for the rest).
30 August 2021 | 25 replies
This is also something that those awesome "GURUS" don't tell you in their books, videos, and programs, and it is that their are so many different moving pieces in a deal and especially in Pennsylvania it gets more complex as they will charge you taxes for both sales, even if it is an assigned contract.
31 August 2021 | 11 replies
Real Estate Training events, where they give a discount for a spouse or allow them to come at no charge, is definitely a way to begin to get on the same page.
27 August 2021 | 9 replies
And the best advice I ever got, was to avoid brand name companies and general contractors in favor of independent contractors so you don't get charged for the middle man.Best of luck!
11 September 2021 | 15 replies
@Tom ScottFor those new, the only license that matters is a state license which would be issued through NMLS, For anyone new out there I would strongly recommend you do thorough due diligence on any program / guru that charges $30k.
26 August 2021 | 2 replies
Owner finance usually will not have PMI/MIP which is an extra fee on your monthly payment that is charged if you do less than 20% down.
27 August 2021 | 10 replies
I'll be charging 20% on reservations & OTA service fees, but not on cleaning fees.
26 August 2021 | 5 replies
There are non-tax considerations, especially so in the current environment.I'm hearing from my clients that it's very difficult to get contractors on the job and they're charging an arm and a leg because they all have an incredible backlog of work.In the current environment, I'd say the less risky path is to acquire a property without deferred maintenance and do a cost seg if it is beneficial.