Hi all,I have a situation that I really need everyone's advice on. I bought a flip in Maryland a couple months ago and hired a licensed Maryland contractor for the reno. It was supposed to be completed at the end of M...
We signed the purchase agreement back in December 2020, and it was scheduled to be completed by 4/15/2021. However, the builder has been delaying the building, and recently we were told that they wanted to cancel our ...
Thinking of putting an offer in for a property but after crunching numbers, it looks like a BAD deal. Please let me know if my thinking is correct
Property
Conservative ARV: 90k
My Best Offer: 50k
Rehab: ?? (My g...
Hi all,
I am a new investor in the Denver metro area and am doing a bit of work for a home that I bought a few months back (demolition of a back area of the house and its subsequent reconstruction). I've found a gene...
Wondering what kind of form/estimate sheet you all give your contractor?I've completed various renos, usually on the smaller side <40k and always used an excel spreadsheet with what is to be done, kind of broken do...
Hello all,
I am a new investor who is also new to investing in Detroit. I am in the process of closing on two properties in Fitzgerald that I plan to rehab and rent out. I have also had my eye on Jefferson-Chalmers a...
Why would a company that has "no appetite" for investment drag potential customers through application and appraisal expenses while not intending to invest? Here is a story of a community bank in California (I'll post...
Hey everyone,I have 3 units right in the middle of where Irma went through. Most things were fine, except a giant oak tree fell over. When it fell, it took out the power lines and broke the water line below it. The...
Hello everyone! What are some important questions to ask general contractors in an effort to vet them? Bonus points for information related specifically to investors. I'm also open to recommendations of reputable cont...