All Forum Posts by: Rich Ramjatan

 Yes, PM me. 

Congrats! 

Anything is possible as long the numbers make sense. Do you know your holding cost? , Construction, and acquisition cost? Do you know the market rents?

I dont know how your area works, but in NYC / NJ , you need a permit to perform any electrical work. I would check and see if a permit was pulled. That would be step 1.

@Esteban Jimenez

Not enough as I should . I need to dedicate 30 minutes to the forum . I do listen to the podcast everyday though .

@Greg Feilner

I’m no expert on these type of arrangements, but I don’t think you would just write a check to him without some form of written agreement, or maybe a lien , etc .

@Fiona Smith

General Contractor is my day job . I feel it perfectly ties into real estate . I don’t think I would choose another profession . However , I wish I took this journey sooner .

@Michelle Belinfante

I’ve had 2 phones forever . I like to keep my business calls separate from my personal . Also like to keep my business apps separate from my personal .

You can try Google voice , but I don’t think it’s for me .

 Most of my simple Bids are generally broken down by trade with a bottom line price. I do not break down labor and materials. In most cases, thats sufficient enough for my clients. Once someone starts asking about labor and material cost, I rarely provide this.

If you are after Time and Material, look for a Handyman, they charge time and material.  

As mentioned above, you have different levels of GCs, especially where i am From in NYC. 

@Daniel Amirhamzeh

I would look into your BRRRR process again . Generally BRRRR properties are distressed properties that don't qualify for traditional financing . Then you force appreciation into them , then you rent , refinance at the new ARV, then repeat .

Unless you a getting a crazy pennies on a dollar deal, it would be really hard to get all your money on the front end without the rehab being completed.

Just my 0.02.