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All Forum Posts by: Michael Almand

Michael Almand has started 1 posts and replied 4 times.

Post: Paying a contractor for a scope of work

Michael AlmandPosted
  • Realtor
  • Canton GA
  • Posts 4
  • Votes 5
:

Hey @Michael Almand

I am analyzing a tool called 'Rehab Estimator' that helps you estimate rehab costs in your area and generate the statement of work (SOW) based on your selections. I can share more insights in the near future, but I believe it also assists with estimating flips. Not sure it will replace GC estimation but at least will give you an idea.

@Rami Refaeli  Sounds good Rami. Let me know how the Rehab Estimator works out. Sounds promising. 

Post: Paying a contractor for a scope of work

Michael AlmandPosted
  • Realtor
  • Canton GA
  • Posts 4
  • Votes 5

@Michael Dumler, Thanks for the response. I was hoping you would say about $100 but $250 is more realistic. You have to pay for their time and expertise and $250 sounds far. I like the idea of having them roll that cost into the job if you use them as your GC. Thanks again 

Post: Paying a contractor for a scope of work

Michael AlmandPosted
  • Realtor
  • Canton GA
  • Posts 4
  • Votes 5

I would like to become more familiar with estimating the cost of repairs and filling out a detailed scope of work. When I ask others at my local meet ups they just reply with "I've been doing it for a while" or "lots of practice." Not exactly the answer I was looking for. What do contractors typically charge to come out to a potential property and walk through and fill out a SOW with pricing?   

Post: What are your real estate investing goals for 2025?

Michael AlmandPosted
  • Realtor
  • Canton GA
  • Posts 4
  • Votes 5

My 2025 goal:

-I am going to purchase my first rental property. I would like to do the BRRRR method. I have the contractors in my network so I feel a light rehab would fit well for the first one.

-Attend at least 3 meet ups, in person, a month with my local REIA. I just joined GAREIA and have been attending via zoom but I want to go in person so I am able to meet other people that are actually investing in my area

-Meet with lenders some I can become more familiar about the financing and different products that are available to acquire rental properties