All Forum Posts by: Elliot Lamson

I know someone in Miami that is renting 12 houses, and then sub-rents them via Airbnb.  He does really well.  I believe most or all of his landlords are aware / have given him permission to do this.

@Elliot Lamson Don't take permitting and zoning too lightly, sure, it is easy to plug in 100k for permits (assuming you could get it at that price), what if those red inks (city planning corrections) say you have to install a pre-treated wood instad of a regular stud? how would that affect your build? Lets see now, a regular stud will cost you about $3, a pre-treated kiln dried wood will cost about $14, so if your regular house will cost your framing $30,000 that makes your framing cost $140,000 now, that's a $110k difference, plus taxes, thats $120k. Now, this is a bogus example, but if you have no idea what the things i mentioned, or why the city will never require you of such wood, then clearly you're not ready for anything of this magnitude.

As a contractor, and doing 100% employee rate and not hiring a sub, I could do a lot cheaper than most GCs, but I charge what I need to charge, it is a take it or leave it game for me. In my side of the business, your build cost is too low, it's not worth the headache of coastal requirements.

Price per square foot?  In Santa Monica, probably $200-300 if you're experienced.  Though depending on the specific location, dealing with zoning/permits could be your biggest challenge considering the proximity to the ocean...

@Elliot Lamson, when you posted "Can you wholesale a wholesale deal?", I got a little concerned, as I shared there. And now this.

Your definition of "taking it slow" (per your profile) seems quite different to mine...