All Forum Posts by: Jake Hughes

My socials are terrible, so I am not the best one to take advice from on here but wanted to talk about how it has helped me. I have posted my closings, my personal life ( piano, dogs, etc), and reviews that I have. I think it all depends on what you are looking to do with the social media / how you want it to help you. Do you want other people to reach out with deals or do you want to educate other people on how to be an investor? For me, I had no goals but found that two of the deals that I did, the seller looked me up on FB and said that they felt good about me pretty much because they got to know me through videos / posts that I made and I suppose that it built trust with them. 

Quote from @Jake Hughes:

How long do your renovations typically take when hiring a gc? Wrapping up renovations on one side of my first duplex and I closed in July. Flooring, Drywall, refinish basement, roof, gutters, tuck point around house, and one full bathroom gut all had to be completed. Any tips and recommendations are appreciated. Thanks.

 In the future, make sure you and your GC have a schedule for each phase before the project begins. Ask your GC for periodic updates to make sure everything is on schedule and to be able to know when something will set you back. I've done full guts in 3 months and in 8-9 months, just make sure you're tracking everything so that overtime you and your GC become more efficient. 

Quote from @Jake Hughes:

How long do your renovations typically take when hiring a gc? Wrapping up renovations on one side of my first duplex and I closed in July. Flooring, Drywall, refinish basement, roof, gutters, tuck point around house, and one full bathroom gut all had to be completed. Any tips and recommendations are appreciated. Thanks.

Hi Jake! For a scope like yours, it typically takes 2-3 months with a solid GC, though sometimes supply issues can stretch that out. With that said, get materials ordered early - especially for kitchens and baths. Have a detailed scope of work in writing and set clear weekly milestones with your GC. You can also schedule inspections in advance. And also try to prepare a buffer for unexpected issues (there's always something!). What's good here in Columbus is aside from being a great market to find cash flowing deals, construction costs and timelines are pretty reasonable compared to other cities. Happy to connect and answer any questions you may have.

As others have mentioned 2 -3 months would be the typical time frame for what you mentioned. Ideally completing light renovations like this shouldn't take long and you should  have a low holding cost on the hard money loan (if you used debt) and make a higher profit on the sale or have more flexibility on the payoff when you refinance 

Quote from @Jake Hughes:

How long do your renovations typically take when hiring a gc? Wrapping up renovations on one side of my first duplex and I closed in July. Flooring, Drywall, refinish basement, roof, gutters, tuck point around house, and one full bathroom gut all had to be completed. Any tips and recommendations are appreciated. Thanks.

I would say 2-3 months of work for sure! I had one side that was almost a full gut that took about that long as well. Where is the duplex at?

a full renovation should take 3 months