David de Luna
Best Practices for GC on Rehabs and Draws
I'm interested in hearing from fellow flippers about how they have managed the process of draws and payments to contractors. I work with the GC at the outset to establish what items will be completed for each draw. So...
James Bailey
Tiling over glue or lino?
Hi guys,Writing my first post here. I've been watching for a long time but didn't have much to say until I bought my first house which I just got the keys for yesterday! congratulations to me woohoo. couldn't have don...
Henry Polanco
How do I properly estimate rehab costs?
Hi all, I'm looking into getting into flips in Philly. My biggest hurdle is estimating rehab costs. What information should I use to get a close estimate for my materials and labor?I read that using x dollars per squ...
Jesse Fernandez
Leveraging the short term tax loophole for cost segregation qualification
I am looking to take advantage of cost seg for a 2 unit MF property - which has tenants for long term rental (let's call this property A)I know that in order to take advantage of cost segregation, there are no speci...
Elizabeth Rose
Philadelphia rowhome stucco water intrusion - possible negligence by city
I recently bought a 100-year-old rowhome in Philadelphia as part of an estate sale. My original goal was to fix and rent. It's detached - the city knocked down the home on one side in 2018 and a private individual kno...
Mario Morales
Do I need to have my contractor sign a lien waver?
I am using a reputable company to do some work for me under 5K. They will bill me when the work is done. I will look at the work, and if satisfied I will send them a check. Do I need them to sign lien waver at some po...
Dee Grant
Asbestos removal financing is So Cal
Hello! I’m looking for a company who can clean up asbestos in my 2/2 condo in Culver City, CA - received a quote that it would be in the area of $20k and I’m hoping to find a co that will either provide financing or ...
Michael Spirko
A flipping checklist
Hello All,I’m very new here and have started my flipping journey this May. I feel like the process has been somewhat smooth however it seems like there has been some issues regarding what the contractors will provide ...
Anthereca E. Lane
How to deal with contractors
We are planning to purchase a building that needs to be renovated. We have found a great contractor but his prices seem elevated. Is it customary to be presented with a contract that does not have a separate line fo...
Alex M.
Hardwood Floors: Getting the best bang for the buck
I love hardwood floors and prefer them over vinyl and laminate, but wood is very expensive.Does anybody have experience with either utility oak or reclaimed hardwood?Utility oak is commonly a low grade hard wood, usua...