All Forum Posts by: Jamie Wooley

Thank you all so much and I will keep you posted.  I am going to get a couple other bids and check out their work to make sure it meets my expectations before moving forward.  I will need to get to work.

@Jerry W.

Thank you very much!

Does anyone know what EMP's stands for?

The size of the house is 1516 square feet BTW.

Thank you all for your comments and opinions as they are important to me with this being my first rehab.  One of the first questions I asked the owner was what quality of light fixtures and fans he used to come up with the bid and he said that he used the "home depot middle of the line quality" to do the bid.  The same was asked for the carpet and tile and he said a little bit better than the standard low grade, which is great with me considering it is a low end neighborhood.  So we are not talking about $30 dollar fans here, I don't know where that came about.  Like I said before, they want my continuous business so they made it very clear from the start they would shoot straight and do quality work so we could have a long term relationship.   

(The owner of the company is actually a preacher as well which may not mean much to some people but I feel I am a pretty good judge of character and he and his team seem very honest and so far have been great to deal with)

@Art A.

Yes, I thought it was a great bid.  They currently do not have a steady stream of work and are dying to get my business so they could have all of my rehabs.  If they keep giving me prices like this and their work is what they say it is and what their references have said I feel very lucky.

@Andrew Cordle

What are EMP's?

@Colby Jacobs

Thanks so much for looking at the bid, it really helps to have another opinion.  

The eta of the work being done is 4 weeks...Does that sound reasonable?

I have ran my own numbers and I feel like I am getting a really good deal here, but I would like you seasoned rehabbers to let me know your take on it.

To give a little background....This is a lower end neighborhood, so I will be using lower end items of course.  All of the things that are being bought will be new though, if that makes any sense.  

JOB ITEMS:

I. LIVING ROOM $117.33
*1. Carpet
2. Ceiling fan
3. Remove Chair Rail
4. Paint
5. Mini Blind
6. Clean brick fireplace
7. (5) outlets, (1) 2 gang switch covers


II. STUDY/OFFICE $306.24
1. Replace french entry doors/glass
2. Replace closet doors
*3. Repair lower left wall
4. Door trim
*5. Paint
6. (4) outlets & (1) light switch covers
*7. Floor
8. Ceiling fan
9. (2) door knobs


III. KITCHEN $2618.56
*1. Repair floor & washroom
2. New "over the range" microwave
3. New faucet w/ sprayer
4. New countertop
5. New door (3 hinge)
6. Wash closet door
7. Trim washer conn. Box
8. Drop light fixture
9. Fluorescent light fixture wash closet
10. Dishwasher
*11. Paint
12. Mini blind
13. Luann panel on cabinet
*14. Repair wall corner
15. (7) outlets, (2) switch, (1) 2gang switch covers
16. Paint light rings & register
17. Drawer handle
*18. Paint on cabinet doors
19. Pantry door knob

IV. MASTER BEDROOM $237.06
*1.Repair holes/patches in wall
*2. Paint ceiling white
*3. Paint walls
4. Mini blinds
5. New double French doors
6. (4) holes in wall
*7. Floor tiles/keeping tile
8. (2) door knobs

V. MASTER BATH $460.06
1. New faucet w/ pop-U
*2. Paint ceiling white
3. 1st closet door
4. 2nd closet door
*5. Paint walls
*6. Patch walls
*7. Paint trim
8. Door knob
9. (3) switch, (1) outlet, (1) switch covers
*10. Tiles at closet doors
11. Paint cabinet
12. Shower head & hardware
13. Mini blind


VI. 1ST BEDROOM $260.88
*1 Carpet
2. Closet door
*3. Repair holes in walls
*4. Paint
5. New ceiling fan
6. Mini blind
7. (4) outlets (1) switch covers
8. New door
9. New door knob & closet knob


VII. 2ND BEDROOM $247.89
*1. Carpet
2. New door
3. New closet door
4. Repair ceiling
*5. Paint
6. New ceiling fan
7. New door knobs
8. (2) closet door knobs
9. (4) outlets, (1) switch covers
10. Mini blinds


VIII. OUTSIDE $2,346.24
1. New shutters (8)
*2. Paint
3. New Lg. 3 part window
4. New fence in back
5. New gutter above front door only
6. Powerwash brick & siding
7. Missing facia siding
8. Post on back
9. Inside corner siding
10. New screen door back
11. New screen door front
12. Rear outside light fixture
13. New front entry light fix.
14. New post on front porch
15. Screens for windows for front
16. Garage door trim
17. Garage door repair
18. Garage door opener


IX. GARAGE $21.65
*1. Paint walls
2.door knob


X. HALL BATH $422.17
*1. Paint ceiling
*2. Paint wall
*3. Demo floor tile
*4. New floor tiles
5. Reinstall appr. 35 wall tiles
6. New light fixture
7. Replace (2) window panes
8. New a/c vent
9. Ceramic soap dish
10. Toilet /toilet seat
11. Ceramic towel rack
12. Outlet/switch covers
13. Tissue holder
14. new door
15. Door knob
16. Shower head & hardware


XI. HALLWAY $119.08
1. Door on closet
2. Light fixture
*3. Carpet
4. (2) closed door knobs
5. Door bell


XII. DINING RM $178.61
*1. New flooring tile
2. Drop down light fixture
3. Replace (1) mini blinds
4. Outlets/switches covers
*5. Paint
6. Ext door knob & deadbolt


XIII. ENTRY $106.08
*1. 5'8"x4'8 1/8" floor
2. ceiling light Fixture
*3. Hole in wall
*4. Paint
5. Ext. Door knob & deadbolt
6. Closet door knob
7. One 2gang switch cover
*8. Ceiling repair



$2,461.32 *price covers items below
ALL INT. PAINT
ALL EXT. PAINT
WALL/CEILING REPAIR
ALL FLOOR TILE & LABOR
ALL CARPET & PADDING & LABOR
WALL TILE


MATERIAL $9,903.17
LABOR $10,000.00

TOTAL $19,903.17

So I posted the other day the same question and I am just trying to get a few more responses.

My father is investing with me on my flips (rehabs). I just signed my first contract on Thursday and we still have not decided on a percentage rate or even the possibility of a cut of the profit.  He has tossed both around and said when the time comes we will figure it out.  Well the time has come and I plan on discussing it in the next day or so. Please give me your thoughts on private funding if this is something you have experience in.