Hi BP,I am in North Carolina getting ready to start doing my first BRRRR. I am in the process of looking for my first property.I was curious as to the inspection period. What if I do not have any contractors to walk t...
If I want to hire my best friend, for example, who has done work for me and I know his work is good quality, what issues will this present in my BRRR? Will I have an issue getting hard money? etc TIA!
Hello everyone. Just have a general question. When hiring contractors or subcontractors, who are licensed and bonded, should they also be insured aka have general liability insurance and worker's compensation? Is it...
Hi folks!In my jurisdiction, and I'm sure it's common in most others as well, any rehab over $50,000 in cost requires permitting and a contractor's license if your are legal entity. If you are filing as an individual...
My question is whats it like to build on the Island. I am in Wa State now and thinking about putting my needs/lumber ect into a container and shipping the whole house over and build it there. I know there is a shortag...
Hello everyone! I have been a real estate investor for about 5 years and have done small multifamily deals. I recently have had the opportunity of potentially purchasing four parcels of land in Los Angeles. I want to ...
I am new to rehabbing and haven't done any yet, but before I do my first single family home I would like to understand licenses and insurance better. Assume I want to rely on the hired help to manage as much of the...
I live in PA close to Philly and want to start investing. I'm open to either flip and sell or flip and hold (the long term strategy is flip and hold aka BRRRR- yes I read the book). It seems to me I would need two "ca...
Hi everyone!I purchased a home in Orlando and I want to rent out two of the bedrooms. I am planning on offering month to month or 3 month leases to hopefully attract traveling healthcare workers. Am I able to set it u...
Has any one bought a property with an open permit and what problems have you encountered?
I am currently considering a bid on a property in Long Island, NY that has an open permit for a dormer that was put on by the...