I gave him 3 deals to close on in the same month, communication was okay.. once we closed on my deals getting in contact with him took 3 days for a 5 word response. he has yet to found 2 of the 3 properties. we scheduled the inspection which took a week to get him to respond to the draw inspections and we are now on my 4th week with 0 funds and no response from this scumbag. practically begging him to do the right thing, Through text cause he has not picked up his phone once.

If the property is permitted to have 3 units, then you have to consider finished ceiling heights, window sizes (unsafe to have "basement" sized windows for an apartment), flooding potential, placement of the mechanicals, size and nature of the entry, whether or not there are 2 ways to exit and a number of other practical considerations and considerations dictated by the laws and codes of the area.

Curious what the best practice is here.Simple question - when should I be getting GC bids; while in contract or after closing?

Hey all, when using the BP BRRRR Calculator to analyze deals: Want to practice using this tool assuming I am using a private money lender who will get paid off after re-financing...what do I put in the purchase loan details?

Practical budgeting and accounting principles must still come into play.

It costs about $50 and they have practice questions and tests on there that are absolutely amazing.

PRACTICE RUNNING THE NUMBERS: Run properties from different neighborhoods, cities, states through either BPs rental calculator or one of your own to get property details such as cap rate and cashflow.

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

That strategy may have the city inspectors direct you differently, you can also tap into their experience and expertise on how to get it done quickly & efficiently, since that is a direct result and common goal all of you would be working toward.Going at it from an ADU perspective, is also a way to help bring affordable housing to the area.

Is this a normal practice?