All Forum Posts by: Account Closed

@Andres Cardenas I flipped a piece of land last year and that worked out ok. Gotta rent a BIG excavator and make some value. If you can figure out that, you might be able to turn some profit on land would be my guess. The one I bought sight unseen I’m still holding and probably going to sell as soon as I can do some excavation on it.

@James Riggs that’s gotta be just for drains right? I’ve seen them do it on drains, but wow, I didn’t know they did it on supply pipes. Really?! I tend to think that stuff is a gimmick as much as they charge and as little time as it takes them. Curious though

@Matthew Paul couldn’t have nailed it better

@Srinivas Mudireddy hey I agree with Matt on pex, maybe not on cpvc, though it’s probably fine too. I got a couple numbers too that can help you depending on their workload

@Abdul Jabar dogecoin

Hey @Andres Cardenas,

I’ve gone sight unseen 3 times now, twice on homes and once on land. The prices were rock bottom in a little market dip back in like 2018. Both houses turned out to be worth it, but you really gotta watch out for the time you’ll spend remodeling these things! The piece of land was better than I thought using google earth. I also dropped out of escrow on one after sending in a crappy home inspector. Lost 1/2 my earnest... but pictures from a good home inspector can do the trick and a really low price can also help you avoid losing too bad if you’re practically just buying the land. If you don’t know home construction, start looking into homesite foundation and grading standards. And yes roofs are important to fix if they are leaking!

@Wayne Brooks ok, thanks. First time I saw this

Hi BP!

I had a few small real estate sales recently, one being last year. Only one of the title companies gave me 1099 papers to sign. I was so busy I signed them without further research. From my experience, 1099 tax documents are mainly for contractors. Is this ok to give to a seller on their sale price? Thanks!

@Robert Espenson dumpster

@Phebia Philpot cost to me plus 10%? Never heard of this, as this makes no logical sense on bidding. A contractor will total their materials, labor and overhead generally. The labor price should be based on their estimation of how much time it will take them to complete the work. So if the trusses cost $6,000 , they install them for $600 labor? And if the plywood goes on sale for $10 a sheet, they make 1/3 of what they would have made? If you have a contractor charging 10% over cost this is a laughable strategy and a great way to be taken advantage of again. They will order double the materials, install, return the other half, show you the original receipt and you could easily be charged 10% on double the actual materials. It just doesn’t work this way. You need to agree on a price from a real contractor before they perform the work or a time and material deal that could get loose with your situation. You’re better off just watching YouTube and finishing it yourself.