Joshua Sun
Advice on how to pay for labor, equpiment and supplies first BRRRR property.
For labor we were thinking of using our business checking account to wire money or even use Venmo through our business account.For things such as furnace, flooring, paint, lighting, etc. we were thinking of using our ...
Michael Fitzpatrick
Where to come across the best Lease Option contracts
Hi everyone, I'll make this short and simple, anyone know where to come across L/O contracts out there that are the most acceptable? Or am I better off having an attorney draft one up for me? Any help would be appreci...
Andrew P.
How to identify a mobile home vs stick built home
I'm under contract for this house. https://www.zillow.com/homedetails/6510-Millwood-Rd-Cumming-GA-30041/14644157_zpid/ The sellers agent says it is a stick built house but it really really looks like a double wide t...
Annie Levan
Starting my 90 day challenge! Please help me analyze this deal.
Hello, I am just getting started in real estate and am new to analyzing deals. I have not done a walk though of this property and put estimates up for the repair cost. If that the right approach or should I do the wal...
Grant Liddle
Seeking advice on compensating contractor for structural work
My wife and I are currently working with a contractor who is addressing a foundation issue with an older duplex that we purchased last fall. Unfortunately, we discovered that the main support beams in the floor of th...
Brett Deas
How many no’s before a yes?
I recently launched a fund for my vacation rentals deals. We have a pretty significant portfolio and are building more this year. We have used over a million dollars from investors in the past for individual deals, bu...
Account Closed
Contractor pricing - negotiating jobs
Let me preface this post by stating I am the type of person that will negotiate at McDonalds. I have no issues asking to see if I can get a better deal or save a buck. I'm pro negotiation. That said, I have been both ...
Derek T.
Need Help on Budget
Guys I am in need of some help with my SOW and budget for a property I am purchasing. The property is an older property (built in 1920) and I am picking up the property for $45k with an ARV at $180k. The problem is ...
Jay Garrison
Seller offered to make repairs himself
Hello,After having a two flat here in Chicago inspected, I discovered that it would need a new roof. I asked the seller (a contractor) to come cover the closing costs, which would be about the cost of a new roof. His ...
Stephen R.
Overbudget penalty for contractors
I recently decided to add a deadline penalty for a contractor that does not meet their agreed upon project completion date. Would a budget penalty be appropriate as well?I know many contractors will underbid a project...