All Forum Posts by: Account Closed

I am a consultant, and was a contractor for 20yrs. Most of my clients now are G.C.'s followed closely by Investors and REIT's.

Here is a tip for success in these projects- Control everything and then let it go.

Most people in this business break down and fail in one area and thats communication. Those who believe they are good at communicating often fail to realize the message is lost despite their being "right".

I find solutions all the time for people wanting to build or remodel that are super easy, and logical, but were never part of the cliche of the business.

Having a network of other GC's that can share trades is an AMAZING resource.

1. The area close to you, as mobility is an issue at times.

2. Nothing is 100% 

3. However you package it to make it look like its got the Highest ARV possible with the most minimal repairs possible in order to create the illusion of "equity".Door to door

4. whole-selling requires know everything about a deal, and by the time you really know enough to do everything you realize you should just do the deal instead of wholesale it; as dealing with buyers is another entire job in of itself. (its why some many "professional" wholesale companies spend 100% of their marketing to market to newbie investors. Because finding a turd they can package as a dream is easier than finding suckers to buy that twice.

Hey @Manesh Hardeo,
1. The benefit of selling bad deals is that you make profit off of things that otherwise you woudldn't have any profit. (Its why all bad deals are sold)
2. Being licensed doesn't mean being professional, and having a broker in the office doesn't mean all the "agents" are licensed.
3. Every business wants to expand, but not all break the law in order to do it. "They just want to expand like everyone else" is a horrible excuse for breaking the law. (and shows lack of integrity.)
4. Thats 100% a lie, I have worked with managers in Networth on deals they personally bought after their office located them.

5. Stop using illegal methods to advertise, stop lying about numbers to make deals "fit", stop denying the things everyone knows you are doing.

@Kyle Ray - Congrats on the life choice.

My #1 piece of advice to brand new folks is this; Look at the people you are listening to, are they doing what you want to do or are they making money off of selling you on the idea of what you want to do.

Also, don't stress the "first deal". Getting it done is urgent, but getting it done right is important. Don't rush, don't make excuses, dont' fear failures, and don't waste time.

Good luck sir.

Your best bet is to get a full scope of work from a pro and then have several contractors bid off of that scope so you get an apples to apples bid.

Inspector, pro bidder, consultant, project manager, etc. Lots of options to get the info you need to make sure you know what you are asking for, why, and that they are all bidding the exact same thing.

for what kind of project?

I suggest writing up a scope of work, timeline, and budget. Then email this to locals who respond to your request. Have them confirm or deny the project, no need to have them "estimate" if you know what you want. 

I have found this to be the best method. 

(20yrs as GC and 15 as an investor - current consultant)

@Nick Koren- I appreciate the reply, however I have some disagreements. 

I have seen the txt from the New Western "Buyers rep"- This isn't hearsay or second hand info.

What is your numbers on satisfied vs not satisfied in which you based your opinion?
There are far more "investors" who have denounced their business dealings with New Western than have suggested its a good company to do work with. i.e. nobody has ever suggested you in my years of being in business, but I have been warned about New Western weekly, for years.

Here is where I agree; investors 100% should do their own due diligence, however...you market almost 100% to newbies, at newbie meetups and clubs. Then you have buyers reps who also don't know numbers giving suggested numbers. Again, something I have seen. These "newbies" are trusting your professional company to have professional advice - and as you have stated, thats not something that should be happening. 

I personally have laughed at some of the "deals" I have been presented (w/out asking for them) and they 100% had "suggested" numbers in their submitting the "deal" to me.

New Western hasn't refused to refund 10k, they "suggested" they should keep 5k towards the next deal. 

My client has moved on, and is no longer interested in doing business w/ New Western, as the buyers rep and managers he dealt with where incredibly unprofessional and the contract he signed was for a property New Western had no right to sell.
I do appreciate your engaging here, and maybe we can work out some issues you may not even be aware of and make the buying experience better for everyone as a result of this communication.

@Ben M. - More than likely you will have to sue if you want it back, or at least threaten.

I have a client who put 10k down on a New Western deal and when the numbers were WAY off my client was told he should have not trusted their numbers. Then when they couldn't close and he asked for his money back he was told, "We would like to keep half, towards your next deal with us."

Networth and New Western are 100% NOT professionals at putting together fact based information. They package dog poo and sell it as a snack.

@Ricardo Melo - If the cameras are in a common space, on a property you own, then yes. You cannot put them in spaces the tenants rent, but the common areas are "in public view".