Chris Huang
Buying property with HPD Violations
Ready to close, but found out duplex NYC had several HPD violations (12) from August 2013. The seller is motivated and willing to lower the purchase price to get the deal completed quickly. What's the difficulty in ...
Ursula Lovings
Comparing Contractor Estimates
I was hoping to get some professional opinions and expertise. I have 2 quotes for renovation work on a house. One quote has the items listed, shows the price of each item as $0 and then has a final total. I have no...
Brian Morgan
Me big W2, spouse RE pro. How write off 1/3 LLC losses?
Sorry for the Tarzan title, but I think it covers the bases. So I’m a W2 wage earner in the 33% tax bracket and my wife, who has no income, logged 750 hours on our rental house last year to qualify as a real estate pr...
Tim Kaminski
Gravel/Rock/Shell Parking Area?
Hello!
Tampa. FL. I currently have an extra parking area on my duplex that I rent out on a M2M basis for those needing parking. Its just a fenced in sandy/weedy area. Right now is vacant and looking rough.
...
Bri Sawyer
Construction Contract Material Escallation Clause Issues
Has anyone run into issues with a contractor trying to enforce a material escalation clause in a construction contract? We have a turn-key build contract in which there is a clause that allows the contractor to pass ...
Owee Nicolas
Tracking/quantifying milestones on a Rehab
Hello,
I'm currently doing a rehab remotely for a multifamily property in Milwaukee. Contractor and I agreed to make the draws based on milestones completed (25%, 60%, 75%, 90%, 100%). We also using a Title Company a...
Sean Peters
How to pay your contractor: T&M vs. quote based pricing
This is in regards to a new flip project I have started... There is not a ton of work to be done, but there is enough... Lots of small jobs like windows, flooring, installing cabinets.So my question is: If you have a ...
Account Closed
Please critique this flooring quote
Hello all, I am a newbie investor- bought my 1st out of state rental . The property is a 3bed 1.5 bath- needs new LVP flooring in kitchen/living room/hallway/bathroom and basement . Bedrooms have hardwood- which need ...
Patrick Goswitz
Purchasing Materials for Contractors
I found a contractor I like to rehab a house I bought. Is it best for the investor to always purchase the material? I am assuming the answer is "yes" to get credit card points and prevent a contractor from charging a ...
Tom Shi
Electrician wants 50% CASH deposit prior to start
I am in Oregon and looking for a electrician to replace an old electric panel. Most electrician in town are very busy and scheduling estimates 2-3 weeks out. So I had someone based further away to come and give esti...