All Forum Posts by: Kim Knaust

Thanks, @Ron Daugherty! 

Hi, Can you all tell me what the normal procedures are when you work with a GC? 1) Do you pay something like 1/3 up front, 1/3 half way through and 1/3 when project is finished? 2) Do you get in writing a list of everything your GC said they would do for a certain price? 3) If your GC goes over the bid and asks for more money to complete a flip job, how do you handle? 4) Do GC's clean up the items to throw away when done? 5) When a kitchen needs new appliances, does most GC's include replacing those in their bid? 6) Are things like ceiling fans, lights, etc being replaced usually included in a bid price? 7) Any reprieve when the GC takes more than 2 times as long as said they would? 8) Does a GC make about 10% above their costs usually? In Oklahoma, for starters? 9) When a GC does a bid and didn't mention details about the outside of the home (i.e.- paint), is it assumed they don't touch the outside work? 10) Does a GC's bid include yard work normally or not? Appreciate any and all input! Thanks!

I plan to be there with another investor and GC that I work with often.

We have several properties we are looking at purchasing but was unsure of where the seller got their ARV #'s - when I asked she said they just use 70% of the retail value to calculate the ARV. What are thoughts on how accurate this is?

Most of these policies, if not all are ACV in lieu of RC. Can you all talk about your thoughts on this?

Thanks everyone! 

*Now, a pro-member in lieu of the typo "not" a pro member!

I'm not a pro member and still having this same issue. Is it an issue all around not just on the free service? Or, is there something I need to do to make sure the system shows I'm an upgraded member now?

Currently Seeking:

1) Buyers that flip homes in Tulsa, OK (and surrounding counties) that would work with me as I find homes that are good deals to make a profit on.
If that's you, please email your contact info to [email protected]
2) Birddogs in the Tulsa area that would send leads my way.
If that's you, please email your contact info to [email protected].
3) Home owners that need to get out of their homes.
4) Multi-family units that would consider an owner-carry the first 2 years.
5) Investment partners that would finance properties in the Tulsa area.

Can anyone help with this, please?