Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
Followed Discussions Followed Categories Followed People Followed Locations
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: George W.

George W. has started 7 posts and replied 855 times.

so you fixed the pipes underneath the sink that were leaking and left the sink with a crack that leaks? You're gonna do more damage to your vanity and whatever's below this bathroom if you don't replace that sink. 

Post: Calling up General Contractors

George W.Posted
  • Investor
  • New Jersey
  • Posts 869
  • Votes 920

you should ask them to look whole house over and advise what they think needs to be done in order for the house to be 100% ready to rent. Have them give you an estimate for amount of work needed.

I'd say that the idea looks great on paper for you. The problem Is like other posters have already said it's all relative. One person might spend more than another on any given repair. 

Another note I'm not a lawyer but what's your definition of repair because some people would argue that certian repairs are improvements. Ex: an old furnace that still works. Changing said furnace would be a improvement not a repair because it still works. Same with an outdated kitchen, bathroom, plumbing and electric. To me a repair would be: a leak, a broken window, termite damage etc. Things that acutally affect function and not just cosmetic. 

Post: How to start with high debt

George W.Posted
  • Investor
  • New Jersey
  • Posts 869
  • Votes 920

With mortgages pre-approval is gonna be pretty heavily based on debt to income ratio. You should try to either raise your income level or lower your debt level in order to get a bigger mortgage. I'm not a mortgage guy so I'm not 100% sure but maybe if someone was co-signing it would help. Other than that you can try owner finance.

Post: Contractor not finishing my flip!!!!

George W.Posted
  • Investor
  • New Jersey
  • Posts 869
  • Votes 920

You should reach out to the NJ DCA. Dpt of consumer affairs. They will help you. This is the kinda thing that dw

Craigslist has been like that forever. I've had more success lately selling things on Facebook marketplace. Probably the best thing to do is have persistence with it. 

id imagine the people trying to get address and your phone number are trying to sell your information. 

Post: Signs of a Shoddy Flip or a Quality Flip

George W.Posted
  • Investor
  • New Jersey
  • Posts 869
  • Votes 920

There's way too many things to list. Flippers cut so many corners. If there's a crawl space look for recently opened beer cans haha. 

first thing that comes to mind is when a storm door handle is on the right side and the door handle on the exterior directly behind it is on the left side. Generally that's the first thing I notice. 

also I see alot of people who don't mitter ends of baseboard together to better hide the seam. 

look under the sinks. If the pipes look really old that's a sign they may have cut corners on the rehab. Also on a plumbing note, look for sharkbites. If there's lots of sharkbitse fittings, they were probably done by somebody who had no clue what they were doing. 

if they did any tiles, check the edges where they meet. If any of them are severally off then again might be someone cutting corners. 

a bad sheetrock job kinda speaks for itself. 

check outside windows closely and try to see if they painted over rot. 

the list can go on and on forever. Wherever someone can cut a corner they usually will unfortunately.

Post: Starting a property management company

George W.Posted
  • Investor
  • New Jersey
  • Posts 869
  • Votes 920

You need to talk to an accountant 

Post: Becoming a builder/Buying land

George W.Posted
  • Investor
  • New Jersey
  • Posts 869
  • Votes 920

I'd suggest if you're going to go that route to look for lots in a area you're fimiliar with. Chances are if you know what it costs to build the place, you can easily find comps to tell you what it would sell for. Look for a lot that can build two or more houses. That way you maximize profit

Post: Unwanted Traffic / Parking

George W.Posted
  • Investor
  • New Jersey
  • Posts 869
  • Votes 920

im not sure what the laws are out there but, if you put up a sign that says no unauthorized parking or standing it's probably fair game to have them towed.