All Forum Posts by: Christopher Ilvento

Contact me to discuss further.

Contact me to discuss further.

Please reach out to me to discuss further.

Contact me to discuss.

PM to discuss your request.

Vacant

Projected Gross Monthly Income: 24,000

Cap Rate 7.5%

Repair Costs: $300,00

Good Location, on site laundry and storage.

Has anyone sub metered electric and water and what is estimated cost and any information you can offer.

Sewer: $8,400/year

Electric Common area: $12,000/year

Insurance:$12,000 year?

Taxes: $40,000 year

Water: $9,600 year

Thanks for all your feedback. If I hire a PM, which I have been speaking with a few of them, what would be a compensation package? This would be the first time hiring someone, except for sub contractors. Base Salary, bonus, schedule, expected hours per week(40/50+), I am looking for exact details, what do you guys do exactly, not generalities. I don't have enough projects yet to keep them busy, how do I transfer over to a PM? Right now I own 1  house which I am in the process of rehabbing. 1 lot which I am in the process of getting a variance to build new construction. 2 more renovations coming in in 6-8 weeks. I am thinking about hiring a GC that I know and have him run it, until I have enough deal flow. How would I compensate him? I have all my subs in place. Thoughts?

Need advice, I am looking to grow, and am having a hard time figuring out what to do. Do I hire a GC to run the flip houses? I have always done it myself, but since I can't be two places at once, not sure how to run job. I find the properties( I have my realtors license), design the layout, open walls, etc. I have my own subs, so when I have 1,2,3 or 4 flips at once, what is my best way to manage the houses( always did 1 at a time), I also need help with how to manage my new construction builds? Also, how to compensate for such services? I want to grow and have always done everything by myself. Also looking to buy an apartment building 21 units. This year probably going to do $3M+ flips, new construction. So what is step1,2, etc.? Any advice from people who are in a similar situation or are running larger scenarios, would be greatly appreciated.