Specialized Contracting and Development

Specialized Fix and Flip Contracting and Development

What do you look for when trying to purchase a fix and flip investment property. Do you have your team in place? Does your Realtor put your budget objectives above their commission? Does your contractor have experience with 203K loans and other loan programs?

These are just a few questions you may have already considered. If you haven't, they are worth their weight in gold if addressed before you purchase the property. I have personally seen countless properties foreclosed on because investors were unable to finish projects within the time line of the loan, projects were changes made during construction exhausted the budget. Pitfalls like these are easily avoided with the right approach and development team. To get to the finish line of a project it takes an aggressive planning approach were you and our development team work together to establish a clear set of goals and objectives prior to viewing the first property for purchase.

We specialize in managing real estate transactions that lead to completed projects. We take our responsibility to you very serious. We perform expertly in our negotiations while representing you. There are countless Realtors that can successfully manage a real estate transaction; however when it comes to accurately estimating the cost to complete a renovation project few are as qualified as we are. We are the best at it. 

Our expertise lies in our ability to facilitate a realistic budget driven search for the right property in the right location that suits your personal objectives. It's not guess work. Our ability to predetermine potential configurations for the property's best possible use and our ability to price the cost of renovation is the cornerstone to our success.

As experienced renovators and developers we see everything. When we first walk into a building, we go straight to the basement and investigate the major systems; water meter, gas meter, heating furnace and hot water tank. We take a close look at the soil pipe and make an immediate determination as to whether to test for re-use or replace all together. Floors, baseboards, walls and ceilings are next. Doors and windows are also assessed. We look at buildings structural integrity for evidence of deflection and termites. Foundation walls and evidence of water infiltration are also investigated. Our on call roofing contractor is dispatched to evaluate the roof. If a client likes what they see, we prepare an offer while also making a not to exceed repair budget. Much of the budget is discussed while showing property and is based on comparable values in the area and loan to value (LTV) ratio, tyipaclly 65%. Ultimately the client return on investment is being considered.

We develop a schedule based on 30 to 45 days for completion. This typically since our construction arm is already in place. Our contractors understand our objectives based on our longstanding relationship and the clear written scope of work we provide for them on each project. Fees for labor are pre-negotiated so our emphasis is on how long a specific project will take. No time is lost negotiating prices with contractors.

Our relationships are stable and broad. We employ and maintain relationships with roofers, already mentioned, carpenters, drywall finishers, plumbers and electricians. Contractors often visit the property with us for an assessment of time complete and not so much for material cost because we've been estimating for over 25 years and know how much materials cost. We are licensed and insured as are our contractors, which the only way our contractors can work for us by the way. 

 We make investing fun and love what we do. If you're interesting investing we hop this helps on your way.