All Forum Posts by: Matt Adamson

I'd love to get my contractor's license, but the law requires you to be employed by a contractor for 4 years before you're eligible to get your own license.

In Seattle anyone can become a general contractor you just have to get insurance and a bond it's kinda scary..

0 Votes

Hi Matthew,

1. I would get a contractors license, I don't know your local rules tho.

2. Tell them your keeping the properties and plan to move in and change your mind at the end

3 Like you said cover all bases and pay a contractor to pull a permit and you do the work but as a contractor myself I wouldn't do that for liability reasons

3 Votes

Originally posted by @Nixon Vayupak:

@Rick H. and @Derek W. thanks for providing me your input. I was searching rules in California in regards to "Adverse Possession" and can either you confirm or disagree with this. In California if a squatter stays and makes property tax payments on the house for at least 5 years he/she can obtain the property?

This is very interesting!!!

0 Votes

It really depends on the type of piping? is it CPVC, copper, pex etc. The water line usually will only break in a few spots from what i've seen it shouldn't be to hard to fix but there's a lot of variables. Pipe repairs can cost $400 to $7000 for a full repipe in Seattle area.

Iv'e only ever seen the water lines break not the waste I'm a general contractor and my brother is a plumber i've seen a lot.

Hope this helped you a little

0 Votes

I'm a contractor and that throws flags all over the place for one he doesn't have the tools for the job you contracted him for. Two in my opinion if he's buying stuff on your card that wasn't in the agreement what else is he doing? Three why doesn't he have any cash flow but maybe that was your agreement

2 Votes

Originally posted by @Gerald K.:

@Matt Adamson

Welcome to BP. Nice to see another local join the community. Being a general contractor should serve you well with fix and flip.

Check out the local BP meetups. One of them will be in Lynnwood: BP Meetups

Thank you Gerald I will check that out also.

0 Votes

Originally posted by @Andrew Cordle:

@Matt Adamson

Hey man good to see you here on BP. I live in ATL but my wife is from Seattle and we are out that way all the time. I actually have an employee that lives right there Everett. And when we travel out there we stay at that Holiday Inn Express right there in Lynnwood.

Anyways, 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:

Good luck with everything see you around!!

Andrew

Thanks Andrew I appreciate the info! I like your Bio on your blog..

Matt

0 Votes

Originally posted by @Robert Harvey:

be put on title

Can I be on the title but not on the loan?

0 Votes

Hello my name is Matt I'm a general contractor, I've been reading a fair amount on here and would like to start flipping houses and possibly start learning about sub dividing lots

0 Votes

I have a foreclosure my friend wants me to buy a house with him, I really trust him but how would I legally protect myself so I'm a 50% owner of the property since it would be financed in his name?

I was thinking of forming a LLC with both of us on it and paying the mortgage through it as well as a some sort of contract.

Any thoughts?

I'm in Washington state

Thanks

Matt

0 Votes

All Forum Posts by: Matt Adamson

Matt Adamson has started 2 posts and replied 10 times.

Post: Getting City Permits and Doing the Work Yourself

Post: Getting City Permits and Doing the Work Yourself

Post: Deceased Home Owner Property with Squatter living in it

Post: Milddle west winter damaged pipes

Post: Confused

Post: New member in Seattle area

Post: New member in Seattle area

Post: I have a foreclosure my friend wants me to buy a house with him?

Post: New member in Seattle area

Post: I have a foreclosure my friend wants me to buy a house with him?