Anyone who wants the docs mentioned needs to go to BiggerPockets.com and send a colleague request to Andrew Syrios and then send him a message asking for the Property Analysis Sheet and SOW sheet.
You just took alot of stress off my shoulders by clarifying. I'm currently buying my first 3 family rehab property and I've been overwhelmed with coming up with material cost and finding GC.
Regarding Jay Scott's book (The Book on Estimating Rehab Costs) it's probably a good idea to hold off on buying it till next month (Jan. '19) due to the fact that Brandon just mentioned a couple days ago that they are releasing an updated version.
You don’t know what you don’t know. Starting out how do you know if you got good deal from contractors or if they padded their bid and you didn’t know to look for it or be aware of it? Thank you! Great information!
Get multiple bids if you're working with a new contractor. But don't solely focus on cost, the cheapest bidder might be the most unreliable and lowest quality. Try to find past clients they've worked with and reach out to them or try to see past projects they've worked on.
Here in N. Florida in a large city, we cannot even get contractors to return calls, so if you have any suggestions it would be appreciated. We are pretty close to Georgia and I had thought of getting in touch with some Georgia contractors. Great, invaluable video and thank you for making it.
Can you please add links to the forms that we can contact you to obtain in your description above? It would be great to be able to link to them or get the proper names for them when we are asking for them. Thanks!
Question about 203k loans and FHA loans in general: 1 - if you can afford to put 20% down on an FHA loan, should you? It seems the money spent on mortgage insurance isn't doing any work for you. 2 - Regarding the 203k loan, my understanding is that it's capped at $30,000/$35,000? If you're renting a 4-plex that "needs some work" it seems like one could go well past the 203k cap. In that scenario, do you just need to have additional capital lined up?
Great video! Wondering if my fellow investors prefer a firm quote that a contractor sticks to vs. a cost plus formula? I've always preferred the firm quote so I know my numbers up front, but I know some investors prefer the cost plus because they control some of the flow of the project.
Andrew Syrios is his name. Colleague request him on BP and ask for it but the items are also laid out in detail in Estimating Rehab Costs by David Greene. Highly recommended book if you're starting out.
smartsheet.com is a great tip, will give it a try. I have seen a big variation in quote pricing on my first renovation. When going direct I find that tradesman are slow to quote and often do not quote at all just give me a price over sms. Do you always make sure everything in the quote is listed or are you more relaxed and if things need to be done that was not quoted for, just pay for it at the end, agreeing the prices as you go?
If you want to be a satisfied customer at the end of the project I would recommend that you obtain an itemized quote for the project so that you know what you are paying for and you will also be able to hold the contractor accountable if they don't complete the work they agreed too. This is also a great way to avoid paying for items that were not quoted for. An honest responsible contractor will bring any extras to your attention and agree on a price BEFORE proceeding with the project. Lots of contractors will use "extras" as a way to bleed you dry and substantially increase their profit margin if you are not carfull
Contractors screw the investors. Just renovated a small shower in my central New Jersey condo and paid $10,000 for it. Total rip off. Greedy Contractors. Not honest anymore.
Hello Everyone! Was anyone able to get an email from Andrew of all the material he spoke about during the video? I would really appreciate it if you emailed it to me as well thank you
If you all haven't seen a documentary called... It's worse than you think. By revelations of Jesus Christ ministries.... I suggest you do... All praise and glory to the most high Jesus Christ.
hey cousin i love you but just so everybody knows. interest is forbidden by Allah (God), please spread the word and find alternitives instead of interest, like profit share. thanks
The promise was given to the Israelites in the old testament is that they would not borrow, but would lend to every nation if they would follow God's law...they didn't. Then Jesus became our Lord and saviour and died for us so that we may have life and have it more abundantly. Who the Son sets free is free indeed, Halejulia!!
Man, this is good stuff. 😎I watched this 3 times. Thanks!
Anyone who wants the docs mentioned needs to go to BiggerPockets.com and send a colleague request to Andrew Syrios and then send him a message asking for the Property Analysis Sheet and SOW sheet.
Hi. How do I make a connection request to Andrew in the biggerpockets app?
Messaged
You just took alot of stress off my shoulders by clarifying. I'm currently buying my first 3 family rehab property and I've been overwhelmed with coming up with material cost and finding GC.
Regarding Jay Scott's book (The Book on Estimating Rehab Costs) it's probably a good idea to hold off on buying it till next month (Jan. '19) due to the fact that Brandon just mentioned a couple days ago that they are releasing an updated version.
Ps. Another great vid, Andrew! Appreciate your willingness to pass along such valuable information! Happy Holidays!
You don’t know what you don’t know. Starting out how do you know if you got good deal from contractors or if they padded their bid and you didn’t know to look for it or be aware of it? Thank you! Great information!
Get multiple bids if you're working with a new contractor. But don't solely focus on cost, the cheapest bidder might be the most unreliable and lowest quality. Try to find past clients they've worked with and reach out to them or try to see past projects they've worked on.
watching the video and I am learning alot
Here in N. Florida in a large city, we cannot even get contractors to return calls, so if you have any suggestions it would be appreciated. We are pretty close to Georgia and I had thought of getting in touch with some Georgia contractors. Great, invaluable video and thank you for making it.
We offer Asbestos,Lead and mold abatement.If we can help please give me a call.901 437 2604
Can you please add links to the forms that we can contact you to obtain in your description above? It would be great to be able to link to them or get the proper names for them when we are asking for them. Thanks!
What is this guys name? He never said it so that we could send him a colleague request
were you ever able to find this guy or the worksheet?
K and J Andrew syrios
This is great information. Almost like having lunch with a real human 😂
Question about 203k loans and FHA loans in general: 1 - if you can afford to put 20% down on an FHA loan, should you? It seems the money spent on mortgage insurance isn't doing any work for you. 2 - Regarding the 203k loan, my understanding is that it's capped at $30,000/$35,000? If you're renting a 4-plex that "needs some work" it seems like one could go well past the 203k cap. In that scenario, do you just need to have additional capital lined up?
Where should we get up to date prices on all these items?
How can i get the property analysis sheet. That will be really helpful for me.
How may I get your shared checklists?
Yooo, good stuff, guys!
Kills is not EPA rated for mold. It doesn’t inhibit it. It’s false marketing by Killz. Use a sealer EPA rated for mold instead.
Is the itemized checklist in the book that you mentioned? I just picked up a copy
How many bids do you typically obtain for a property?
Thanks
Great video! Wondering if my fellow investors prefer a firm quote that a contractor sticks to vs. a cost plus formula? I've always preferred the firm quote so I know my numbers up front, but I know some investors prefer the cost plus because they control some of the flow of the project.
Agreed. Very imformative. Do you know the name of the presenter? I want to request his estimate sheet on BP.
@@LaGitana912 Here's the link to his page on BP: www.biggerpockets.com/users/Rios9000
Firm fixed price is the best way to protect yourself.
The best part of been a contractor is choosing and avoiding cheap customer or wannabe flippers, so fo👍
Do you have a book?
How do i get copy of the book
does anyone knows where i can find that thing smart sheet
How can i get al the Sheet of the Scope of work and inspection . Thanks
Andrew Syrios is his name. Colleague request him on BP and ask for it but the items are also laid out in detail in Estimating Rehab Costs by David Greene. Highly recommended book if you're starting out.
By J Scott* not David Greene lol
@@jamescerasoli8475 hi. How do I make a request to Andrew?
Thanks
1:21 thankyou that's what i've been saying to others
smartsheet.com is a great tip, will give it a try.
I have seen a big variation in quote pricing on my first renovation. When going direct I find that tradesman are slow to quote and often do not quote at all just give me a price over sms. Do you always make sure everything in the quote is listed or are you more relaxed and if things need to be done that was not quoted for, just pay for it at the end, agreeing the prices as you go?
If you want to be a satisfied customer at the end of the project I would recommend that you obtain an itemized quote for the project so that you know what you are paying for and you will also be able to hold the contractor accountable if they don't complete the work they agreed too. This is also a great way to avoid paying for items that were not quoted for. An honest responsible contractor will bring any extras to your attention and agree on a price BEFORE proceeding with the project. Lots of contractors will use "extras" as a way to bleed you dry and substantially increase their profit margin if you are not carfull
Contractors screw the investors. Just renovated a small shower in my central New Jersey condo and paid $10,000 for it. Total rip off. Greedy Contractors. Not honest anymore.
They never were.
And contractors think investors have unrealistic expectations and are out to screw them.
Not all of them....
Hello Everyone!
Was anyone able to get an email from Andrew of all the material he spoke about during the video?
I would really appreciate it if you emailed it to me as well thank you
Heres his BP link
www.biggerpockets.com/blog/contributors/andrewsyrios
Found it a little after 23 minutes
Andrew Syrios
Easy $$$
Good Night sir,
I would like a colleague'srequest.
Thanks,
Kevin Johnson
Did you get?
what is your name?? you kind of mumbled "Andrew Serious"?? i cant find you on BP
AKcam7 have you been able to locate him on BP? I can’t find him
Andrew Syrios
If you all haven't seen a documentary called... It's worse than you think. By revelations of Jesus Christ ministries.... I suggest you do... All praise and glory to the most high Jesus Christ.
hey cousin i love you but just so everybody knows. interest is forbidden by Allah (God), please spread the word and find alternitives instead of interest, like profit share. thanks
The promise was given to the Israelites in the old testament is that they would not borrow, but would lend to every nation if they would follow God's law...they didn't. Then Jesus became our Lord and saviour and died for us so that we may have life and have it more abundantly. Who the Son sets free is free indeed, Halejulia!!