All Forum Posts by: Christina McManaway

Can you tell me how your getting a 10% cap rate?

I am more interested in this partnership agreement. Your putting up 100% of the capital but sharing profit 50/50 and the commission on the sale is 50/50. Look at your ROI and look at your partners ROI. Am I missing something? That math doesn't add up to me.

Rachel Yakubov do you have family out of state and if so I'd start there.

Contractors liens are mainly for subs who don't have a written contractor for services directly with the owner. A gc hires subs and they sign a contract with the gc not with the property owner, only the gc has a contract directly with owner. So I'm not sure how that applies to you.

Abdul Azeez pay to learn. Free is worth what you pay for it...absolutely nothing. Learn the different types of estimates and how what your asking for. Take whatever estimate you receive or estimate you create yourself and add 15% for the unforeseen. Read up on how to inspect a property and how to develop a strict scope of work. You've got a great attitude! It was a learning experience! Now you just need to take it to the next level.

What units are rented right now and for how much? Don't base your purchase off pro forma! How much is property management?

Welcome to Bigger Pockets!

I see that your licensing is done by city and every city has its own fees and license. That's got to be expensive for a contractor. Here is a link to your city's info: https://bouldercolorado.gov/plan-develop/contractor-licensing I've got family in Colorado trying to get me to move there! Yeah that ain't ever happening.

Run for the hills! I live in California which has the most strict rules on everything and it's not that hard to get a license "if" your qualified and know your stuff! So you pick it's either he isn't qualified or doesn't know his stuff! Go to you states contractor license website and read it like a book. It's too much for me to put in a post.

I couldn't tell from the link, is it already rented? Realtor.com might have more info for you. I would find out what the utility costs are and if the rate you see on rentometer include utilities. I've noticed in my research that rent price varies based on if and what utilities are included. You'll want to find out what that range is.