All Forum Posts by: Mateusz Prawdzik

Hey guys, so I have been posting replies left and right on the forums lately and I finally decided to post something and ask a question. What do you you guys get your foundation work for per sqft? And if you can divide it up to walls, slab, and crawl space that would be better. I haven't been doing this long but I know my prices for almost everything except for foundation. Everyone everywhere please respond and shed some light on me for what people pay everywhere for this. According my math on 2 flips that I did, it comes to about 20$/Sqft, which for some reason sounds low. this includes wall, slab, and crawlspace. 

@Priscilla Z. No problem. I see where you are coming from with the kids and family. I tell a lot of people that I am at an advantage because the only priority I have is my business. This is my baby, my company name is what I am starting from 0 and trying to make into something. I will eventually need an assistant just like you, but someone part time will do just fine. The only thing I usually let others do is letters. I just pay my friends 50$ for 200 letters mailed out , I provide all the stamps and such they just have to seal them and send them. It comes to be a little bit more money but I can focus on my deals and finding more projects to do while they do that. 

Good luck on your hunt, connect with me. Let me know if you have any questions about anything, maybe we help eachother in the near future.

This was one of my flips.. I had to replace, the sewer line and water line... after battle for 3 months for them to do it, it came out that I didn't want to waste any more time and I told them to go * themselves and I paid couple guys to dig the whole and have my plumber change everything, ran me about.... 2500 for it all.

So I learned that it is a big game they play and I absolutely hate it.. I give it to my end buyers anyways because it's less headache for me for $900.. Don't want to deal with stuff like this.

@Carrie A. For my flips I always give everyone the home warranty because if they ever call me after the house is sold, it's not my problem, I tell them to deal with the warranty customer service. But I can vouch for it that it doesn't work. It's a load of crap, they will play with you until you get fed up and have to do it yourself, TRUST me first hand experience....

Danny Gordon NJ is pretty good, I flip there and in he past year have been doing quite well. There are over saturated markets for sure but it's no impossible to find a deal. It might be a long drive for you, but I recommend try to invest passively with someone that you might know or connect with, out of state, and then learn from them and drive to NJ and as you passively invest with someone, find another house in the same area, so the next one you can either partner again or do the job by yourself. I find that to be the most logical way to do it being out of state and trying to avoid any down time in investing. Let's connect, if you have any questions about REI or the construction process or anything in between, let me know, I would be glad to help.

Priscilla Z. Good to hear that you are in the process of growing your business and making a brand for yourself. I just recently started to do the same; started to grow and target other areas of the business like marketing and advertising. The only difference is I do everything myself, I have 2 flips I manage now and having 3 more coming up in the next month and I come home at 4-6, I go to the gym, come home, and by the time I'm on the computer doing all the marketing, answering emails, going on BP, connecting with people, and getting letters ready to be sent out to absentee owners or lists that I made myself.... it's 2a.m. and I go to sleep, wake up at 5:30. And repeat the process. I must say, even being 19, if does take a big toll on you but it's all about the process. The process shapes who you become and how good do, but it's good to outsource some of the tasks so you can focus on doing more important things. Getting an assistant is definitely a good idea, I wish I was at the stage you are in growing your business, so that way I could hire people and shape them to be successful and teach them about hard work. The best place to look is from real life connections in my opinion. Someone that your friend or family knows and can vouch for the person. I would do it that way, I have let my friends do letters for me certain weeks where I couldn't do them but I trusted them to not screw up because some people can screw things as easy as letters; sealing and stamping. Glad to hear your business is growing. Let's connect maybe we can learn from each other.

Rachel H. Jose Ramos I wouldn't have said it any better. Only thing I would add is that don't pay up front for the job if they ask for deposit or some sort of payment up front. Tell them you'll pay them after 20-50% of the work is complete and then again when it's all done

@Christopher Gil Driving for Dollars. That's how I get a lot of my leads, is just driving around and collect addresses and looking them up on the tax record and sending them a letter if their house looks like crap. Eviction list? Where do you get that? By the way, I am more of a rehabber but I have been focused on the marketing side of my business and have been trying to send out letters and find leads myself instead of getting them from wholesalers and other sources. So if you have any questions about rehabbing or construction side of the business people let me know. I will be glad to help you with that. 

@Christopher Gil It does seem quite expensive but I wouldn't doubt it. IF you really think about it though, the amount of people that have access to the same list that you are using and filtering the same people that you, the competition gets pretty crazy and on top of that everyone and their moms are trying to be in REI now, so the competition for a single lead is like 10 fold. The amount is a little high but that's what it takes if you have so much competition.

The best thing to do is to just create your own list with DND and send out to those people. 

@Jay Hinrichs That is exactly the type of story everyone should have. I am on the same boat as you except at 18 I started flipping right away and I had one private investor vouch for me. I think college is a big waste of time and money, they don't teach anything about the real world, like writing checks, paying bills, making sure you're out of debt, how to be rich by SIMPLY just compounding, and most importantly how to worry about taxes. Running a business and starting from nothing, I am super proud and lucky to be in the position I am in. I worked at a restaurant for 1 year and I wouldn't recommend it to my worst enemy. I hated it and after I quit on my 18th birthday, I promised myself I wouldn't work for anyone ever again. But that's how to you make it. Hustle. Grind. Hard work. And taking RISK, people don't understand nowadays that without risk there is no reward. Or how you say in polish, "the ones that don't take risk, don't drink champagne."