All Forum Posts by: Sean T.

@Lawrence Paul what is the 5-10 rule?  Now I am intrigued!

@Jason Stamps I meant to add this above but why not get a few quotes from GCs or foundation folks and see what they say?

@Scot Finn Welcome and congrats on the decision!

I am just south of Nashua. There have been REIA groups in Lowell/Chelmsford but for now they are not happening.

Good luck on the journey!

Hey @Jason Stamps, love the ambition here!  What do you think the land is worth if you cleared the property completely and sold to a builder?  Might be a safety net there as well.

I flipped a house in 2015 that had a sill rotted so bad it slid off the block foundation.  We stilted the property and fairly easily repaired the sills and a few block issues.  The issue though, when it was sat down again multiple interior walls cracked from basement to the second floor and created a whole new nightmare.  It all worked out in the end AND the market was exploding in growth so even with those repairs we made out fine.

My answer to your question, yes, anything is possible.  I would come at this from a "what is the absolute worst case scenario" and ensure you have the capital and wherewithal to handle that scenario.

@Roshelle Wilder congrats!  Looks like a little Bermuda house!

@Kyle Neville Hey congrats on the take off!  The answer from @Darius Ogloza was great but I had another suggestion as well.

Find a local attorney or a few and ask if they have experience with real estate work like this and partnerships.  Spend a few hundred dollars(at most!) and get their professional legal take on the best way to do things for your situation and in your local jurisdiction.  I find a one hour consult with a good attorney can answer so many questions.  The minute money, partnerships, and structures come into play, I don't mess around with being wrong.

@Stephanie Assi Congrats!  Memphis has been great to me and surely to you as well!

@Owen Dashner Congrats!  The property looks great!

Welcome @Mark Atiemo!  Good luck in all your ventures!

Hey @Pavan Krishna how many people have you asked?  I have never heard of an HVAC crew being scared of a rat and certainly any pest control company would expect to need to go into tough areas.

Second, third, and more opinions are always worth it. 

Good luck!