Hi BP,I'm in a bit of a pickle and this opened up another question:When you hire a GC and their subcontractor does work wrong or does not complete the contract, does your GC require you to pay for the wrong work? What...
We are under contract on our latest project, so I wanted to share some lessons learned from our 8th flip and our first attempt to hire contractors to do more of the work on our flips. And yes, many of the "lessons" I ...
Hello, I just finished The Self-Managing Landlord by Grace and Amelia. In the tech stack section they break down options for property management, bookkeeping, and project management. I'm currently on the fence as to w...
I am in NY, my friend in Texas owns a house outright that he is rehabbing, due to some unfortunate circumstances he has run out of cash, and wants to finish the rehab and eventually sell the house. He has some overdue...
Communication: As most of you know this is the most important part of any business. If you can’t communicate properly you are likely never going to accomplish the task you are working towards.
Walk the property wit...
Newbie, please be gentle. :) I have been a landlord before (and still am), but it's not my main gig, so I'm definitely a newbie in this sort of analysis. I appreciate any feedback.Purchase price 160k (might get down t...
I am an real estate investor primarily operating in the markets around Chicago suburbs. I am trying to find out from experienced forum members if they have some kind of data consolidated from their actual works the c...
Why would a contractor ask if a property is my primary residence?What are the differences between a consumer hiring a contractor to work on an investment property v/s a primary residence?What are the implications, as ...
Hi, Since I may be investing upwards of 1 hr and 45 min away from where I live, I've been contemplating the logistics of self management. Since it won't always be easy to get there, I thought using IP cameras could be...
I’m about to finish up my first flip! I’m so excited! I’ve always said “ if I just had 100k I’d turn it into 100 million...Welll.. now what haha.We are going to profit about 200k (hopefully more) off this flip. My cut...