All Forum Posts by: Josh C.

What maintenance did she not do that you need $500 for your damages? Like furnace filters? Never heard of $500 for neglected maintenance.

I’ll give an opposing view point as someone who hires a ton of people and am contacted a ton for work. You might just difficult to work with. The majority of these people who responsed on here would never work with any of my great subs.

Come bid a job for free and provide a list of customers you can harass? Why? Everyone even reasonably priced is booked out months. This isn’t 2009. If you do what is advised above being new you will likely pay at least double if not triple what the job could cost. Only big companies with sales people charging insane amounts out of money will get abused like this. Good luck, but unless you doing a major job, a referral and a guy that shows up offering a decent price is a great sign. Obviously, licensed people are better but it does depend if the job. And tuck pointing, sidewalks, and lots of other smaller masonry jobs you don’t even need a license in many parts of the country. Plus, he said he’d provide it later. He might just be sick of your 15 emails.

It’s just not 2009 anymore.

It sounds like you don’t have a full time job, tons of cash, are very young, and paid off rentals. Plus family that can give advice and help. That’s the least stressful situation I’ve ever heard of honestly.

I was married, kid on the way, gutting my first house 100% myself, starting a business, and working 60 hour weeks at a W2 job with a big smile on my face for the opportunities of this great country at 23.

My advice would be the opposite of above and you need to stop complaining, suck it up, and work harder. If you mentally can’t do this or don’t want to make money and have big life maybe best to sell everything and get a simple job like cutting grass or something. The value of compounding capital of a 23 year old is pretty much infinite. It doesn’t sound like you appreciate that. Time, money, effort can mean a whole different world. You already have the two most difficult of these things.

I’ll stop being a dad now.

So much wrong here it’s just too much yo handle in one reply. As Wayne perfectly put it, you are taxed at net, not what’s in your checking account. If you spent all your money on other houses to flip and can’t pay the taxes, you can’t say you “reinvested” the profits. IRS isn’t your business partner. They want paid. Period. If you make a dollar they want a slice. Buying new houses aren’t business expenses you can write. You really do need to pay an accountant for their time. Would be helpful for you.

Also, two houses is a lot of a houses to flip in a month every month. I would think less than 1% of house flippers would do that volume.

Why do you not want to sign these papers? Are you planning on getting of Facebook or the news to slam them or something?

The simplest is sign this and be done. Not seeing the downside for you to sign this.

The absolute opposite would happen.

As money is devalued things become more expensive. This is why people flock to hard assets (gold, real estate, etc) during inflation. Keep reading and learning, but also remember there is a lot of fear and crazy people out there. So take things with a grain of salt and don’t blindly believe everything.

USA ain’t Venezuela.

If you are trying to manage 28 projects and you have another job, then oh my you need help. Heck you probably need it anyway.

Options are:

hire a property management company if you have the money just get get everything up and running now. Cough cough.

Sell some to fund others, and maybe still hire out most of the work.

Just grind it out yourself. Maybe in 2 or 3 years you’ll have it up and running and have your Refis done and the place occupied.

Sell everything and go to the beach for 2 months and then buy an apartment that’s all done.

How much work do you want to put in?

@Matthew Paul

If he said he was doing this a long time and making no money that’s great advice. This is clearly a young guy and you smashing his spirt telling him how he didn’t do it like you is just mean and unproductive.

Obviously, you can’t run a long term business being super cheap. But starting out being cheap is smart to build your knowledge base and confidence. Those are way more important than money when young. Pricing is later. Getting work is now.

Great work!

Don’t listen to people like @Matthew Paul. They are negative people that can’t see the long game. Hard work pays off in long run and will suit you well. Most people who start businesses don’t make much first year or two, then big money can come.

Keep hustling.

@Jay Hinrichs

Typically I agree and people are sue happy. But wouldn’t she have real damages here? Her contracted investment went up 100k. Now the same product costs her 100k more to buy. Those sound real to me. If you had a contract with a stock broker to buy Tesla and they waited four months and said no it’s too much now. I feel they owe you those gains. She could have bought something else last December and participated in the gains had she not been in contract with this builder.

Likely though, based on this builder’s garbage contract and the fact he hasn’t started he probably has no money anyway and this is a waste of time.