All Forum Posts by: Christopher Charles
Christopher Charles has started 5 posts and replied 21 times.
Post: Out of state Real Estate Development
- Posts 21
- Votes 6
Quote from @Michael K Gallagher:
Quote from @Jonathan Klemm:
Hey @Christopher Charles - I have two preliminary questions for you.
1. How did you find your general contractors in Philly and Baltimore? Would that method work again?
2. How come you want to switch up the strategy and move markets at the same time?
Here in Chicago, we've found some of our best contractors from other good contractors or investors; I've found the in-person meetups yield the best results, so maybe you can take a trip to Maryland? Additionally, there are Facebook groups where you can find some decent help, but there has to be quite a bit more due diligence and vetting with any and all contractors.
@Jonathan Klemm always asking the real questions! gotta echo the sentiment for spending some time on the ground even if a small amount on the front end. and planning to attend meetups while there is another great idea.
Yep those are great as well!
Post: Out of state Real Estate Development
- Posts 21
- Votes 6
Quote from @Mija Aguilera:
Hi @Christopher Charles I’m based in Maryland and familiar with the areas you’re looking to invest in. As both a realtor and a general contractor.
We’re currently working on a complete renovation in Silver Spring, so feel free to reach out if you need any assistance or guidance—I’d be happy to help!
Hey Mija, I will send you a message.
Post: Out of state Real Estate Development
- Posts 21
- Votes 6
Quote from @Jonathan Klemm:
Hey @Christopher Charles - I have two preliminary questions for you.
1. How did you find your general contractors in Philly and Baltimore? Would that method work again?
2. How come you want to switch up the strategy and move markets at the same time?
Here in Chicago, we've found some of our best contractors from other good contractors or investors; I've found the in-person meetups yield the best results, so maybe you can take a trip to Maryland? Additionally, there are Facebook groups where you can find some decent help, but there has to be quite a bit more due diligence and vetting with any and all contractors.
Hey Jonathan,
I found contractors through refferals and facebook groups, those contractors were great but they are not experienced in new construction; plus with me being out of state it would be ideal for me to hire a GC, instead of sub hiring ( i dont have time for that being far away),I am switching from rentals and fix and flips due to there's just more profit when doing new construction, and way more deals!
Post: Out of state Real Estate Development
- Posts 21
- Votes 6
Hey Guys, I'm an investor from NYC, I have been investing in Philly and Baltimore for about 4 years; primarily rental properties/ and flips. I am now looking to get into new construction development in the PG, Montgomery, and Rockville county areas of Maryland. Anyone could suggest any tips, resources, or builders/contractors they had worked with? Thanks in advance
Post: Has anyone worked with SG Complete Home Care Remodeling LLC?
- Posts 21
- Votes 6
Quote from @Account Closed:
I'm officially running all my references through BP from here on out. I'm leaning on the community for support. There was 1 complaint on BBB (which is public), some stuff back in 2016 on MCS but nothing current. Has anyone worked with them in past or have anything they could add?
Thanks.
Post: Up Flush Toilet Reviews
- Posts 21
- Votes 6
Quote from @Pat L.:
We have used them a lot. Never a problem with smell etc if installed correctly as venting is intrinsic in the layout. Saniflo is the one I've used but I'm not pleased with the longevity of the float mechanism if it sits unused too long, or the macerating jam sensitivity to any small items, grease, hair gel etc flushed. Pulling it apart after a jam is NOT a fun experience. We are planning on one now for a new basement install but it will be a more robust commercial unit. However, just like the proverbial town installed grinder pumps we live with around here, you're severely restricted to what can be flushed & tenants simply do not listen. Also remember NO POWER-NO FLUSHY.
Good luck
Post: First House Flip - Question about insurance?
- Posts 21
- Votes 6
Quote from @Eliott Elias:
You're going to want a policy with builders risk on it. It is short term and you will get refunded the remainder of the year on what you do not use. Once the rehab is complete, remove the builders risk.
what policy to get after you remove the builders risk, a regular poplicy or vacant unit policy?
Quote from @Alex Bekeza:
@Christopher Charles I'd check out NREIG, REAL PROTECT, and STEADILY. All 3 are very versed in policies which are tailored to fix and flips.
Thank you!
Hey BP fam! Reaching out to get some tips on builders risk policies and liability insurance while flipping properties; I am ambarking on my first flip and would like any info you guys can share, also things to make sure I have and any recommendations. Thanks in advance!
Post: Birt number/ commercial activity license
- Posts 21
- Votes 6
Quote from @Basit Siddiqi:
You may need to file a Business Income Receipts Tax(BIRT) and a NPT(Net Profits Tax) returns for business activity done within Philadelphia. Regardless if you are a resident or non-resident of the jurisdiction.
Thank you