David Robertson
Detailed Scope of Work vs "Turnkey" SOW Language
A recent forum discussion talked about how an investor's scope of work said to include "EVERYTHING" in their proposal to 'gut the property, buy materials and rehab per plan.' Long story short, the contractor did not ...
Donald Howaniec
credit check vs public record
Question: I am sure many of you have run into this in the past, where a credit check will show nothing regarding public records (judgements, evictions) but I find them on the public record. Sometimes it is that the a...
Greg Horowitz
10-Unit Property built in 1920
I am looking at investing in a 10 unit property in Worcester County, MA. I am underwriting the property and having trouble estimating the expected maintenance. Obviously with an older property there tends to be more R...
Michelle Dong
Brrrr Rehab with FHA 203k
Quick question for the BP family.I am a 1st time investor and planning to house hack and the Brrrr strategy to add forced appreciation.2 questions: 1) how to you calculate rehab cost?2) with a fha 203k can you use th...
Account Closed
Mobile Home Scope of Work- Template Available?
Quick question: Do you all use a MH Scope of Work template that you apply to each property that you repair/rehab (if necessary)? Or do you develop a separate scope of work (or running list of repairs) that you prepa...
Richard Cheung
Is it normal for turnkey property contract to say "Buy as is"?
Hello,I'm very close to buying my first turnkey property and am reviewing the contract. Is it normal to purchase the home (rehab has not started) with a clause that says "The property is being sold AS IS with NO WARRA...
Darren Sager
Incredible Craigslist Finds
Here's a picture of my latest finds I put into action in one of my rentals. I wanted to upgrade the appliances to Stainless Steel however I didn't want to spend a lot of money and purchase new ones. My rentals ar...
Dean R.
Negotiating after inspection report
I live in GA. Listed my home at $219,900 then reduced to $209,900. Comps with less sq footage in last 6 months are 230k, 240k, 227k. My drive way is a bit steep but not terrible. Pretty much move in ready other than a...
Bill Briscoe
Meals Tax deductions at 50% or 100%
Which deduction do most rehabbers use when providing water, snacks, pizza, beer, etc for their work crews (family, friends, etc) on the jobsite?
I had always used the 50% deduction in other businesses, but ac...
David B.
Large gap between competing construction bids
Hi everyone! Hopefully I'm dropping this post in the right forum. I'd be happy to repost if it needs to go elsewhere.We have 2 bids from companies for a small extension + backyard ADU project here in the San Francisco...