All Forum Posts by: Bruce Gibson
Bruce Gibson has started 18 posts and replied 31 times.
My partner and I have 3 potential deals that may need a contractor to do a walk through and give us incite on what the repairs maybe. Anyone knows a good, trustworthy contractors?
@Todd Rasmussen I’m wholesaling it
@Todd Rasmussen I’ve spoken both to the bank and my title company. The employee at the bank referred me to call the manager because the manager may have more knowledge on the matter. My title company said to get the contracts and the authorization form sent to them after the seller DocuSigns them and they can proceed from there.
Post: 10, 20, 30 Rule of Thumb Method

- Posts 32
- Votes 4
@Will Barnard Relax for a second. I was only curious. I haven’t seen anything like this information around. I only wanted to know how someone more experienced may/may not use this method and how it actually works on a more broken down spectrum
@Todd Rasmussen I sent the DocuSign document to the owner. But I wonder who should be the next recipient: my title company or the bank the owner used
I was told by investors from my local REIA to get the seller who's facing pre foreclosure to sign an authorization to release information form. The issue with that is the seller leaves in North Carolina, and the property is in Mississippi. My questions are does the original owner have to sign it, can I get a close relative of the owner to sign it, and do I have to sign anything on the form
Post: 10, 20, 30 Rule of Thumb Method

- Posts 32
- Votes 4
@Pat Heidingsfelder I have some contacts of flippers and contractors. I’ll contact them today. I’m in Hattiesburg; when are your meetings on the coast
Post: 10, 20, 30 Rule of Thumb Method

- Posts 32
- Votes 4
@David Robertson We’ll execute the methods in the book you’ve referenced and get the information passed to our buyers
Post: 10, 20, 30 Rule of Thumb Method

- Posts 32
- Votes 4
@David Robertson Thank you for all the information. My team and I are wholesalers who want to provide the best service and most accurate numbers to our buyers, but we don’t want to waste a contractor’s time having him/her come out to all of the properties we view
Post: 10, 20, 30 Rule of Thumb Method

- Posts 32
- Votes 4
I recently stumbled upon something a contractor said on Facebook. He was stating to find the potential repair cost you must multiple the square foot by 10, 20, or 30 ($10 sq ft for a basic facelift, $20 sq ft for a moderate renovation, and $30 sq ft for a full gut rehab). I wanted to know how accurate this is and how it can be adjusted for my current market in Mississippi