All Forum Posts by: Andrew Cordle

@Scott Gombar

Scott,

To immediately

answer your question I have spent over 250k on a rehab and as low as maybe 30k and everything in between.

I will try to help as much as I can. Last year we did close to 100 buy fix and sales. I see on an average B-F-S (meaning major cosmetic rehabs NOT gut jobs) on average we spend 35k. Now please understand we do nice rehabs in middle class areas but they also sale at or a little above ARV in a very short amount of time. I have attached a couple pics for you to look at.

Now we also do gut jobs to houses, but that is a totally different concept. 

1. Permits

2. EMP's (Electrical Mechanical and Plumbing)

3. Drywall

4. Trim 

5. Doors

6. Insulation

7. Longer holding times

Those items you do not normally have to have in a major cosmetic rehab, but in a gut job they always there. And those items will continue to go up. 

I hope that helps some. If you have more specific questions let me know. 

Thanks

Andrew

James, 

Congrats on all items man. Sounds great. I look forward to seeing you around here on BP. It is a great place to learn and network with people. 

Here are 7 tips to help you grow your business:

1. New to BP?

2. Develop your own business strategy. -- Don’t just be a “jack-of-all-trades"

3. Grow your business by developing your business plan. - Remember there is a difference between goals and a plan.

4. Locate and attend several different local REIAs as they’re great opportunities to network and meet wholesalers, lenders, and contractors.

5. Stay away from the “guru” sales-pitch events - they rarely increase your investment knowledge, they merely empty your wallet!

6. Spend 30 minutes a day on Bigger Pockets by connecting with “colleagues,” perusing blogs and videos, and engaging with others on the forums:

7. Set yourself up to receive free alerts to be notified of subjects that interest you:

Talk to you soon. 

Andrew

@Blane Harvey

The cabinets are such a hit and such a great money and time saver. Now for the price range. I only use them in sales price point of 100k to 170k.

As far as the video equipment. I am not sure :) I have a media team that is on staff and they do that stuff for me. I will check with them as soon as they get back they are at a video conference in Chicago. I do know it is maybe 5 feet long and 2 feet high. I also know that they have some robo cop looking device he will wear when he is walking around.

I will get you the info.

AC

@Rick Baggenstoss

Hey man thanks for the input.

Have you been to this house before? It seems like you know quite a bit about it? The house is packed floor to ceiling of items. I will probably get some pickers to get by there.

AC

@Mark Graffagnino

@Aaron McGinnis

Hey guys thanks for the input, this is for me is a lot more than just another flip. We have several of those going on right now matter of fact we are closing on a house in Old Fourth Ward and one in East Atlanta Village this Friday.

We are very excited to do this historic house in atl. we really hope we can make it a cornerpiece in Atl. I will keep you both posted as we go.

Let me know if you have any thoughts.

Andrew

@Keith Schwoerke @Lyall Storandt

We have before pics of this house, but unfortunatley we didn't make a before video on this one.

I have attached a video of another house we did that we did make a before and after video on though. Let me know if you like that one better.

Thanks

Andrew

@Charmaine M.

Right on!

We have like 50 or so of videos like this. I wondered if anyone liked them...Thanks for the input.

Let me know if you have any questions. Happy Monday!

Andrew

@Stephanie Brown

Hello "BP Newbie" and welcome to Bigger Pockets.

Since you’re new to BP, we’d love to have you as a colleague! My name’s Andrew Cordle and I have been a real estate investor for over a decade.

Here are 7 tips to help you grow your business:

1. New to BP?

2. Develop your own business strategy. -- Don’t just be a “jack-of-all-trades"

3. Grow your business by developing your business plan. - Remember there is a difference between goals and a plan.

4. Locate and attend several different local REIAs as they’re great opportunities to network and meet wholesalers, lenders, and contractors.

5. Stay away from the “guru” sales-pitch events - they rarely increase your investment knowledge, they merely empty your wallet!

6. Spend 30 minutes a day on Bigger Pockets by connecting with “colleagues,” perusing blogs and videos, and engaging with others on the forums:

7. Set yourself up to receive free alerts to be notified of subjects that interest you:

Please send me a “Colleague Request” in case you ever have any questions. Feel free to reach out to me on BP any time!

Wishing you the best –

Andrew

Here is another flip we wrapped up recently.

Purchased 51k

Rehab 38k

Sales 129k

Hope you enjoy let me know any feedback, thoughts or questions.

Have a great Monday.

Andrew