All Forum Posts by: John Weidner

That wouldn't hurt to get me off the couch ;)

I'll stop in if I'm available. Im licensed at another brokerage but I'm familiar with Kale as your agent Eric Rojas writes a great blog on Lincoln Sq that I follow

@Tim G. OK, Im glad to hear its a material budget.

My advice - Don't do business with friends when it comes to contracting. You will not be priority and you will not get that good of a deal.

When something comes up that they messed up and there is bad blood do you want to lose a friendship over a $4000 roof? Hard to cross the line between professional and friendship relationship.

By the way how far from Toledo are you?

glad to hear it was successful and a good turnout!

nice work @Jimmy Hong

The numbers aren't too bad for the market you are in if you get asking.

Recommend picking up your RE license so you can save on commission. That 2.5% makes a difference when your flipping a $1M in total buy/sell

Keep us informed on offers etc.

your budget seems very low to me. But I have to assume you are doing the install yourself and this is just a material budget.

ex. $800 to paint a 3/1 ? That must just cover paint and supply cost right ?

Your roof seems spot on. I figure $250 sq for a tear off. Not tearing that roof will bite you at inspection. I'd requote it. Aluminum work seems in-line but again id requote all that . Actually I wouldn't be using your GC buddy for anything . I don't know any roofers besides hacks who roof over existing I also would most definitely put on architectural shingles cost difference is minimal

Budget for bathroom $1500 really? Just materials I assume

i don't run into too many contractors wearing paint stained clothes unless they are hacks. Most painters I use are very clean

I'm not really supportive of that being a good strategy. Actually I'd probably question your ability to pay the bills if I was bidding on your project

I like the clean cut and nice car approach better

@Belinda Lopez I should have clarified that these are properties I would be buying for myself to flip

I was just wondering when the price comes up if there was a counter process or is it kind of a take it or leave it scenario on price?

Thanks for the info I appreciate it.

Im a broker and have full access to the MLS. As the inventory is tight in my area I've reached out to a few wholesalers and have seen a few deals pass though my email the past few weeks.

Nothing too impressive so far. Kind of bottom barrel stuff and alot in war zones Im not interested it.

As I've never bought a property wholesaled, for those of you have what kind of profit margins are these wholesalers making on average? And how negotiable are whole sale deals? Is it a back and rorth negotation or are they normally priced pretty accurately right off the bat.

Appreciate the info.

@Account Closed For Homepath I would get the commission as the buyers agent being it's my own deal. I'm seeing a lot of HP giving 3% split no fees. Part of my business model involves capturing the commission on the buy/sell. HUD I'm not a registered agent so I'd have to use someone else