All Forum Posts by: Tony Gunter

Is there a third option?

@Jay Hinrichs

Haha.

I’m at the point I basically work only with Hispanics, for the reason you mentioned. Get r done.

I’m fluent in Spanish too, so obviously that is a big advantage for me.

look at “self leveling underlayment”

Henry makes a good product that I have found easy to work with.

@Syed H.

I was specifically speaking about doing a BRRRR and walking away with no cash (anybody's) left in the deal. So since it is a Buy and Hold it has to hit some other parameters that a flip would not. The hold rather than sell aspect. To be fair I didn't specify that was part of my calculus.

Your describing my destination with HRD+OPM, etc. but I’m still en route. Finish a couple projects I gave and that’s where I hope to move to.

So... “not being able to do it today” is not a considered option for me.

@Ronald Starusnak

I did!

@Julia Fair

Hey Julia. We’re ATL neighbors. Sent you a connect prompt.

Tony

@Jay Hinrichs

Yeah, the proverbial “camel through the eye of a needle “.

That's BRRRR in a tight housing and contractor market IMHO.

For most investors, the deck is not stacked in your favor IMHO.

Contractors taking there cut (deservedly)

Materials cost are creeping up

Wholesalers sell the best deals to their regulars, and are squeezing the life out of all the other deals.

By the time your done the investor is left with a pretty, but over budget property. In a tighter market I really don’t know how to consistently do this without a certain level of vertical integration.

@Joshua Howaniec

@Jay Hinrichs

Jay nailed it, and the rest too.

Just like Real Estate Agent’s, Contractors that are looking to work with investors are chasing the cheapest bunch of potential customers out there. Why would a good contractor subject themselves willingly to that?

I think Jay is spot on regarding the BRRRR strategy. I've had to get my RE license AND my GC License as well. Only way I can make it work with any hope of consistency, so I made it my niche. In GA you can't legally pull permits on your own property as a GC unless it's your residence.

All things being equal, outside GC work is focused on the type of business that offers the best return. It’s a business.

Ignore it, like I’ve been doing.

Carry on.