Sean Julian
Getting my contractor to commit
My contractor says all the right things but I can’t get him to give me a timeline or cost breakdown. This is a BRRRR with a potential tenant already lined up. Is there a way you’ve dealt with this that didn’t end up...
Rose Davis
When should i pay my contractors
Should a contractor receive 75% up front or should they be paid in smaller increments?
Sean Salandy
Contractor Draw Schedules and Who pays for Materials
I am planning to use a Hard Money Lender to complete a rehab. I am assuming I will need to set up a draw schedule for any potential contractors. So far, the contractors I have contacted are expecting me to pay for all...
Jennah Sontag
New to investing, can I count 75% of rental income w/o a primary?
I recently learned from a lender that because I don't have a primary (not plausible in the near future), I can't count 75% of rental income from rental properties as income toward my next loan...this is a new rule tha...
Aroldo Villarreal
How do you take legal action?
I hired a contractor to rehab a rental home I purchased back in September. For no reason, the job took two weeks longer than expected. The tenant was scheduled to move in on November 1st and he told me that the job wa...
Casey Crotty
Kind of a newbie...
Hello all! I'm a "kinda newbie"; I own two rentals currently (single family) and am looking to dramatically expand my base over the next three years. I'm based in New Mexico but am looking at the Ft Wayne/Indiannapo...
Jessica Ferraro
Self employed, meet IRS def of real estate professional too. How to take losses?
I'm self employed, but last year my duplexes took priority and earned me the distinction of meeting the IRS definition of a real estate professional. I'd like to take advantage, but I can't see how to do so. I have lo...
Daniel Green
Quit FT Job to become PT Realtor
I have a great, full-time job with the opportunity to make an additional $15k/year in 16 months. It's a great job with great benefits. However, I have no time to get out and get into properties, meet with other invest...
John Guerrero
When looking for contractors, what exactly are you searching for?
When searching for a contractor, I would like to know your thought process as to what exactly you're looking for and what are some of the keys words that make you say "this is my contractor/person I'm choosing."
Melissa Faraias
Contractor forms to sign
Hello,I am a new investor, who is just closing on my first home here in Houston. Exit strategy is Buy & Hold. I have estimates from 4 contractors and hope to finalize one soon. What paperwork should I have the con...