The GC wants 35 percent at signing on my first draw schedule
First loan I'm doing on my own paper, small, on a $95k rehab budget for a borrower I've known for a while. The property side I'm fine with. The construction side is new to me and…
General contracting and rehab crews provide the physical renovation labor that real estate investors, flippers, BRRRR operators, and rental owners depend on, executing the repairs, remodels, and rehabilitation that turn distressed properties into finished ones, in exchange for contracted payment...
Log in to followFirst loan I'm doing on my own paper, small, on a $95k rehab budget for a borrower I've known for a while. The property side I'm fine with. The construction side is new to me and…
I've been putting small amounts into other people's deals and mostly staying passive, and now a general contractor I met through one of those deals wants working capital from me d…
I bought a 1960s three bed in a working-class suburb with the plan of holding it long term. Inspection scope came back around $64k in materials and trade labor: kitchen, both bath…
I'm not buying anything yet, I mostly look at the money side, but a friend is rehabbing a 1,600 square foot house and got a verbal from a contractor at "$85 a foot, all in." That'…
Two flippers I've done mechanical work for both asked me to take whole rehabs this year instead of just my scope. Between them that's maybe 11 houses, average scope $70k to $95k,…
Two things landed on me in the same week and I have to answer both by the end of the month. Offer one. A flipper doing about 20 houses a year wants me as an in-house project manag…
A flipper I've worked with twice wants to bring his GC into the deal directly on the next three houses. Structure he's proposing is that I fund purchase and rehab, the GC takes a…
I've got two small buildings, 11 units total, and 8 of them will turn over the next 14 months as leases roll. These are consistent turns: paint, LVP, one bath refresh, roughly $9,…
First house I've gotten to the bid stage on after way too long looking. 1,450 square feet, 1978 build, three bed two bath, in a suburb where finished comps run $255k to $272k. Pur…
I've been running pipe for eleven years and I have never priced anything except my own work. An investor I've done rough-ins for asked me to bid the whole rehab on a 1,380 sq ft r…