All Forum Posts by: Peyton Millirons

 Sorry I did, but it was in a joking manner, so...... ALL investors ( I have had dozens and dozens of and dozens of them doing 100s and 100s and 100s of deals,) they LOVE every other day photos. 

As a residential home owner, I've had nothing but communication issues with contractors also.  A note to all contractors out there:  If you don't like something about a project, let the owner know and optionally why if you aren't afraid of delivering the blunt truth and then feel free to walk away.  Otherwise you leave people hanging.  I dealt with this last year.  Went through 6 contractors over the course of a year for one small project.  Took the final contractor who did the project under a week to complete and brought him $15k for about $5k worth of work.  Everyone was happy.  Insurance paid me and I paid him.  If insurance is a problem, just tell me.

You asked what types of updates we would like.  Here's my reply:  Where are you?  Why are you not replying?  You committed to start on this date never to be seen again.  You provided an invoice and I OK'd the project and you disappeared.  Please let me know what's going on.  Hey, if its just me, that's cool also, just say something.  Are you still alive?  Pick up a phone, text me that you can't do the project, and then we are done.  Is that so hard?

Peyton, I congratulate you on not only thinking about communications, but also how to improve it.  I'm sure property owners can be difficult also, so just keep the updates going out.  Your communications alone would raise you to the top 10% here in AZ.

I talk to my guys everyday. Contractors are children, they need to be reminded on what the task is constantly. 

Developer as opposed to Homeowner? Big difference in business-to-business contracts, I hope you have different docs.

B2B should hang explicitly on what you put into the contract language as far as comm updates you offered, conditions regarding scheduling and completion inside and outside your control, and explicit forms that will be used to validate necessary scope of work changes, scheduling delays, extra work orders and their origin of necessity (ie hidden conditions, errors or omissions, client alteration requests)

Communication is incredibly important for both types of end clients, but handled very differently imho. B2B can become a hotbed of liability and contractual disputes if a large scale project starts to go massively sideways, and every separate subcontractor can get dragged into finger-pointing quagmire. Frankly in B2B you need a pro level of CYA communication but also understated what should stay in-house per a contractual ‘need to know’ level of transparency.

Sorry, but there is significant truth to “no good deed goes unpunished” if a dispute arises and legal issues get activated. Polite succinct communication but “just the facts” would be how I’d boil it down. 

I am looking at NH - new state to me - and am interested to hear advice on finding contractors for Reno estimates before purchase. I will need it all...sheet rockers to plumbers. I'm looking to hire it all out.

Any interested here in NH?

I am 18 years old and graduating high school in a few weeks. I’m going to community college and plan to transfer into a 4 year school and get a bachelors degree in finance. 

I’ve worked as much as possible in the past year and have saved up about $14,500 while making double car payments on my 2016 Acura. 7500 of that money is invested in different ETFs.

I've been learning about REI for the past several months and recently have been more focused about learning different strategies and trying to find ways I can start investing into real estate ASAP.
 
The local market (Washington, NJ) is not ideal for REI. Should I start looking for a partner and try to get into a deal ASAP and have to put a majority of my money into a deal, or should I just keep working, invest in less risky investments like ETFs, and graduate college and get a decent job with my degree, then start getting into real estate?

Im also considering getting my real estate license this summer. When I do that is it worth the risk of not getting my degree to pursue becoming an agent and then start to invest a little younger?

Hey Everyone! I am looking into the Florida Market (From Palm Beach to Miami) however I am open to hearing more about other areas you all could recommend. I currently work with investors and developers here in NoCal & SoCal and would like to mirror my business model in Florida. Possibly even start flipping homes myself. Although I love the commissions received here in California as a realtor, I see more opportunity for a more prosperous, healthy and happy life in Florida. It also helps that I have family their too! :)

With my partners here, I could continue to work both states so my transition shouldn't be super hard. After almost 27 years in CA, I think I am done...