All Forum Posts by: Tyrone Marson

How does one handle getting multiple general contractor proposals on a property to be fixed and flipped, prior to making an offer to the seller. Will seller allow multiple walk throughs of the contractors?

Looking for some recommendations on general contractors in the Washington DC/ PG County Maryland area who are investor friendly. Especially for a newbie like myself.

@J Scott thank you. I noticed you have a breakdown of prices for labor and material. These are price estimates in what area of the country? I will be working in the Washington DC/ PG county Maryland so I’m assuming I would need new price estimates. Is this an extensive list in what I can expect to encounter in any fix & flip as it relates to labor and materials?

@Mark Cruse I’m new to the game, so I’m only asking some questions. What other factors should be considered for a deal to work?

@Mark Cruse what do you mean by 3/2?

@Russell Brazil how about the Takoma Park area?

@Arthur C.thanks for your input. No I haven’t done a fix and flip as yet. Just learning as I go along and working on raising capital in the meantime to make a splash into the market soon.

@ Ozzy what are the solid neighborhoods in Baltimore that presents lower investment risk? 

@ Russel great information here, so entry into the DC market begins at least at $500K starting point?

So basically a spread less than $250K in DC is not much of a deal? As a newbie investor i am working on securing capital as I realize that my budget is too low to even get into the DC market. Any hard money lenders currently that will fund 90% of sale price and fund 100% of renovation? I’m pulling some line of credits to raise capital.