All Forum Posts by: Frank Hinck

@Cody L.

Thanks for the feedback Bro

@Jeffrey Anderson Gil

I would make sure especially in CA that these meet local building code specifically in regards to earthquake. Worth it to even take the Spec Sheets on it to local Building Dept and ask first. Also worth considering who is your labor force, is there a required assembler, is there a certification your GC needs to have this be Warrantied, consider the cost of rigging/hoisting, scaffolding, etc.

@Stephanie Tavarez

If it’s not where you currently live, somewhere you have lived or know well. If it’s not within a 1 hour drive it’s basically virtual wholesaling, so at that point why not pick the best market out there, if you speak another language pick somewhere that will likely help

@Andy Pembleton

Incremental material costs are not going to break the deal. Money in the deal is generally made on the Buy, quick flip not costing too much in HML, contractor with good subs and labor, good comparative comps. Overall small material cost increases should not stop you from a good deal.

@Mark Toraic

J Scott’s bigger pockets book ultimate guide on rehab costs. Also talking to your contractor

@Brandon Despras

Drop RVMs and Texts and have them fielded by a VA, they input into Podio and you field warm/hot leads.

@Aamir Shah

Checkout this thread, really good commentary. Congrats on getting to the 10! I'd also consider potentially the 80/20 rule of selling off your worst (you decide: lowest cash flow, biggest upcoming CapEx, neighborhood going downhill) 2 and rolling them into a smaller multifamily (4 doors / 1 mortgage) through a 1031 Exchange.

https://www.biggerpockets.com/topics/877606

@Tiffany Jaruda

Checkout the local subForum for your area and post this question there. An investor friendly agent is not necessarily the one you see plastered on bus benches and in the phone book

@Richard A.

Scotty Oots has both of his assignment contracts available for free online. B to c yes need a contract for the terms of the earnest money & when the purchase goes hard, etc. otherwise A can be screwed by B if C drops out.

@Mateusz Sokol

Find a different bank, it doesn’t have to be WF. The bigger the bank the easier for them to say No. call 10 local banks tomorrow and have the rates before you go to WF branch ask to talk with the commercial banker