All Forum Posts by: Emilio Ramirez

Pictures and referrals definitely go a long way. Some work does not have to be licensed for sure and that can be as simple as calling your local jurisdiction and asking the question. Sometimes this clarification is listed on their website. Same goes for permits. If you don't know anything about construction, it's better to go with someone who has all the credentials and good references. You'll pay more, but part of your tuition. While the guys are there doing the work, ask to watch and ask questions. Subtle difference between acting like a non trusting supervisor and a curious noob. 

Maybe attend a few local meetups and try to find someone who has a bit more experience. See if they will be willing to talk to you or maybe even help you out. How old is the bath room? It wasn't too long ago when showers were just drywall and did not have tile backer. A little bit longer and you could find lath and plaster there. 

LLC is not a license. It is a business entity. That entity then needs to be licensed and in most cases insured. Your preferred contractor has taken the first step to becoming a legitimate concern but has a ways to go.

Hi Brian. If you're a licensed electrician, don't you have a gc relationship you can leverage? 

Go to j Scott's website. He has over 50 examples of flips he has completed with pricing posted. Just look him up on biggerpockets. 

This is really about defining scope. Once the scope of work is identified you can price it. 

I am going to qualify this post by saying that I've never wholesaled anything... that being said. As a wholesaler looking to break into multifamily it seems to me that your efforts would be better spent finding off market deals than trying to convince brokers to send you their off market deals. Or if you have access to buyers, which you seem to be insinuating, maybe you should focus on raising capital and join someone else's syndication. 

What floor is it on? Can you get access to below the shower? Basement? Crawl space?I would assume the subfloor AND joists below are toast. My concern would be what else.

Can't seem to get mentions to work from my phone but I believe j scott has examples in one of his books. Worth checking out.

depends on the project and sophistication of the sub...

1. Plan and spec

2. Written SOW w bid form

3. Some subs can receive via email,some text, some hard copy.

4. Walk thru with verbal direction.

5. I use google drive.. lots of paid options including builders trend, coconstruct, etc.

6. In addition to scope of work you should walk them thru your expectations, job site clean up, safety, handling materials, assisting in take offs if needed, recommendations, work hours, crew size, duration, schedule, payment, payment process, warranty, equipment operation, etc... 

Is the MSA you're considering growing? 45 minutes is not that far for an emerging bedroom community for a large msa. I would get a handle on contracting and management in the area. Other problem with remote areas is lack of appreciation and future buyers if you need to sell as part of the exit strategy.  2nd what greg said about larger properties. 

Also... not sure what you mean by "bad"? Would stay away from d neighborhoods both urban and rural. 

Maybe worth looking at chfa. Don't remember the income limits but they may be able to provide a grant for the 3% down. That's only for a single family home, however. FHA will also finance up to a 4 plex for 3 or 5% down.

Define real estate developer as it pertains to you. Are you going to develop multifamily to lease up and sell, single family homes on spec, new hospitals for a fee or something else? Once you know what you will do creating a plan is easy.