All Forum Posts by: Brian Van Pelt

@George Griffeth
. bad estimates
. bad workmanship
. not showing up for work
. not meeting reasonable deadlines
. improper supervision of sub-contractors
. finish work looks like .... (fill in the blank)
. improper licencing of sub contractors
. dangerous work environment
. sub-standard material
. inability to complete contracted work
. fighting between sub-contractors

............. and on and on and on.

@Ellie Narie

Any modification to an existing lease has to be in writing

@Ivan Loza

100% Cash, I'm not a fan of BRRR.

depending on your lender, it's 30-25%

@Jessica Seppo

Read your HELOC fine print.

99% certain the HELOC stays open until you sell your house or close it yourself.

@Mike Marino

These types of properties are typically financed through HELOC's or Cash.
Consider asking a couple of friends or family members to act as investors.

or 

you can offer a HML a higher interest rate

@Will G.

Oh It's on point, It's also too optimistic.

@Mitchell Morwood

Search for the term BRRRR, it will give yo posts that explain it in more detail

@Benjamin Orozco

It means door to door both ways. 

@Le Trinh

You should consult a real estate attny IF you believe the information is correct. 8 months to finish a basement, even with those issues is excessive. You could build an entire house in that time. If the basement was unfinished when you purchased the house, it would have been easy for you to ask if a permit had been pulled for the partially finished  portion. or to check with local zoning. The big question is why didn't you ask or check prior to closing ? 3 Bedrooms and a living room in the basement is unusual.

@Benjamin Orozco

I've done this for investors before. The minimum  I charge is $65.00 per hour portal to portal. Minimum 3 hours.