Estimating Rehab Costs: Red Flags & House Flipping Tips (Part 2)

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  • Опубліковано 25 гру 2024

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  • @casey.connors
    @casey.connors Рік тому +4

    Do yourselves a favor - create your own private playlist and make sure these videos are saved in it for quick reference! Like many of the BP related videos - this is absolute GOLD! Thank you James, Tony & Ashley!

    • @LiahP-lh6ui
      @LiahP-lh6ui 8 місяців тому

      Lol, I literally did that.

  • @sounddepth
    @sounddepth 2 роки тому +6

    I love this guy James… crazy informative, and extra humble with it. I watch his videos on BP too. When I decide to switch to west coast markets, imma try n link! 💪🏾

  • @dhowto3005
    @dhowto3005 2 роки тому +4

    Thank you James! I learned a lot in the two part series!

    • @ProjectRE
      @ProjectRE 2 роки тому +1

      Thank you! We will be putting more content out on the UA-cam channel! Stay tuned!

  • @evefavorse5939
    @evefavorse5939 6 місяців тому +1

    Priceless information!

  • @afterjunkllc1320
    @afterjunkllc1320 Рік тому

    Great info, very helpful.

  • @michaeld3901
    @michaeld3901 2 роки тому +1

    Finally had time to watch part two. Really enjoyed it. Closing on a 2017 sf this month. I want to make it stand out. Would you have a reference on video's or articles on home up grades to get the most out of a flip?

    • @ProjectRE
      @ProjectRE 2 роки тому +1

      Congrats! We will knock out a video on that topic.

  • @taurusfields1408
    @taurusfields1408 2 роки тому +1

    Do you have templates for the contracts and the clauses that you mentioned In them?

  • @DFletchOnFlex
    @DFletchOnFlex 2 роки тому +5

    Is there a link or pdf to the rehab budget sheet he refers to in the beginning?

    • @ProjectRE
      @ProjectRE 2 роки тому +6

      Not yet… but we are working on a program for that.

    • @mistymiss
      @mistymiss 2 роки тому +1

      @@ProjectRE I'm interested in the sheet as well.

  • @nrsternes
    @nrsternes Рік тому

    Excellent advice!

  • @Healyourselves
    @Healyourselves 2 роки тому +1

    @james do you have a shareable walk through sheet.....do not want to miss anything when we go to inspect

  • @SpiderLace028
    @SpiderLace028 2 роки тому +2

    Wowie! This is a good one! lol

  • @logantatman5938
    @logantatman5938 9 місяців тому

    This might be a stupid question, but at 20:45 when James is saying to have a finalized budget so your contractor doesn't go out with an unprepared budget, does he mean that you should have given your contractor your budget so they know what your anticipated costs are and don't charge different? Or does he mean have a budget that you then compare to the contractors estimate they return? Thanks so much in advance!

  • @bcmedia1948
    @bcmedia1948 2 роки тому +1

    How can I get his excel sheet and contract?

  • @AberrantArt
    @AberrantArt 9 місяців тому

    James, do you also get ADDITIONALLY INSURED STATUS on the contractors policy? To make sure they are covering you for = ONGOING OPERATIONS and COMPLETED OPERATIONS (CG2010 form - for ongoing operations) and (CG2037 form - for completed operations)
    ???

  • @richardjudge2322
    @richardjudge2322 2 роки тому +2

    Good Stuff

  • @greccolcc
    @greccolcc 11 місяців тому

    whats the app you use for the final walkthrough punch list? i search it and it show a ton of them, if someone can help i would be really grateful

  • @christianstill.6654
    @christianstill.6654 11 місяців тому

    Can we get a copy of these sheets and documents???

  • @TellNoLiez
    @TellNoLiez Рік тому +1

    This guy is pretty surgical - ❤it

  • @brianburke808
    @brianburke808 2 роки тому +1

    "I don't fear the man that has practiced 10,000 kicks. I fear the man that has practiced 1 kick 10,000 times."

  • @nathanielcradle-yourrichfriend
    @nathanielcradle-yourrichfriend 2 роки тому +1

    Great info. Now let’s share that list.

  • @mistymiss
    @mistymiss 2 роки тому

    How can we get access to the contract and walkthrough list? Is this something that is available to share with us? Maybe a paid program?

    • @RealEstateRookie
      @RealEstateRookie  2 роки тому +1

      This might be helpful! www.biggerpockets.com/files/user/drobertson/file/house-flipping-punch-list?

  • @christiansolisrealestate
    @christiansolisrealestate 9 місяців тому

    Who are they referring to as broker ?

    • @petedahlem483
      @petedahlem483 9 місяців тому

      If you’re referring to 5:40, that would be a realtor. But there are many kinds of brokers: insurance brokers, mortgage brokers, real estate brokers, etc.

  • @holdyuh1464
    @holdyuh1464 2 роки тому +1

    not many GC is willing to walk a property for free

    • @ProjectRE
      @ProjectRE 2 роки тому +2

      If they know you’re for real they will! That’s why I like to review pricing prior.

    • @proawelsh
      @proawelsh 2 роки тому

      @@ProjectRE so you are taking a contractor with you, that you have already spoken to in your vetting ?

  • @zenco1611
    @zenco1611 10 місяців тому +1

    Sorry some of this is plainly incorrect despite some nuggets for investors. A genuine craftsman would NEVER work under such a hypocritical dynamic. 200 dollars for a professional walk through is more than fair and no I have never nickel and dimed a client ever, I don’t haggle and work each project in reverse based on actual budget and specific objectives. 24 year designer, builder, flipper.

    • @zenco1611
      @zenco1611 10 місяців тому +2

      And if after 3000 rehabs you can’t or won’t pay 200 dollars for an impeccable professional, something smells very rotten