Alway get several written estimates when ever doing a project!

Alway get several written estimates when ever doing a project!

There are many different quality repair people and contractors in every area. Some offer the same quality of work and service but at different prices. For example, if you want to put a roof on a property make sure you get an estimate for the same exact work and durability of materials. Say you want a complete tear-off, re-deck and 30 year architectural shingles with ice and water guard around the edges. This roof may be bid by 3 different roofers and the prices may range dramatically. One roofer may quote $6,000 then another $7,500 then another $12,500! So be sure to get quotes from several contractors with any large project. Good luck on all your projects! Believe and Achieve! Smiling Indiana-Joe

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AT LEAST THREE

very true joe you should get atleast three estimates.it is like getting a price for auto parts or anything prices differ dramatic.make sure you are comparing apples to apples for any project. tell your contractor to itemize each category material and labor. when you get a price on material take it to the next lumber yard and tell them to beat it you can save thousands of dollars doing this.also when you tell your contractor to itemize for example one may use 29 gauge steel on a roof job and another 30 gauge which would explain the cheaper bid !!

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jbtoggs,

Thanks for the additional information and comments on this topic. Sometimes it can really save you time and money by shopping around and comparing estimates. The "at least three" is a great point. It is also a great way to network with contractors to inquire about other references for other contractor services and continue to build your real estate team! Good luck on all your deals! Believe and Achieve! Smiling - Joe

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Estimates

Another way to sve cost is to get a quote on just the labor only and then price the material yourself. If you are not aware of what materials are needed you can research any project on line or go into Lowes or Home Depot to get some idea. Sometimes contractors will buy more material needed for the job. Just so they an use on another. Or return the materials and pocket the credit or cash difference. I find by being in control over the material purchased, will help control over pricing the job. This will assure you are not buying more than you need and the end result you save money. Sad to think but it happens. When ever I price a job for improvements, it's just labor only. Because on my end it protects me from losing profits, but on there end it keeps the home owner on budget. Continued success..............Lubertha

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Lubertha,

Thanks for the comments and excellent points. This will help you understand the cost behind each project. The contractor may even like this if you provide the materials, because they may then not have to ask for an advance or float the cost of the materials until they get paid for the project. Thanks for sharing your thoughts. Have a great day. Believe and Achieve! Smiling - Joe

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Roof ?

You lost me; what is the significance of knowing about 29 gauge or 30 gauge steel? Are you talking about roofing nails or something entirely else? What does complete redeck mean when you're replacing the roof? I know, I'm a newb, but this lingo y'all pros are slanging around is what's confusing me. I like to know or have some ideal what you're talking about. Please elaborate!

jbtoggs wrote:
very true joe you should get atleast three estimates.it is like getting a price for auto parts or anything prices differ dramatic.make sure you are comparing apples to apples for any project. tell your contractor to itemize each category material and labor. when you get a price on material take it to the next lumber yard and tell them to beat it you can save thousands of dollars doing this.also when you tell your contractor to itemize for example one may use 29 gauge steel on a roof job and another 30 gauge which would explain the cheaper bid !!

__________________

"I will NOT BE BROKE! ANYMORE!"
In the name of Allah, the Beneficent,
the Merciful.
22.He is Allah besides Whom there is no God: The Knower of the unseen and the seen; He is the Beneficent, the Merciful.
23. He is Allah besides Whom there is no God: the King, the Holy, the Author of Peace,the Granter of Security, Guardian over all, the Mighty, the Supreme, the Possessor of greatness. Glory be to Allah from that which they set up (with Him)!
24. He is Allah: the Creator, the Maker, the Fashioner: His are the most beautiful names. Whatever is in the heavens and the earth declares His glory: and He is the Mighty, the Wise.


Roof

He was talking about the metal sheets that is used for roofing. Some use shingles or metals sheets. Hope this helps

Paul


Oooo

ok he's talkin' about tin roofing. Does a tin roof necessarily give you a better ROI vs shingles when rehabbing a property?

__________________

"I will NOT BE BROKE! ANYMORE!"
In the name of Allah, the Beneficent,
the Merciful.
22.He is Allah besides Whom there is no God: The Knower of the unseen and the seen; He is the Beneficent, the Merciful.
23. He is Allah besides Whom there is no God: the King, the Holy, the Author of Peace,the Granter of Security, Guardian over all, the Mighty, the Supreme, the Possessor of greatness. Glory be to Allah from that which they set up (with Him)!
24. He is Allah: the Creator, the Maker, the Fashioner: His are the most beautiful names. Whatever is in the heavens and the earth declares His glory: and He is the Mighty, the Wise.


Atlcamel,

I believe the type of roof will depend on the area of the country you are in. I would consider using what is popular in your area and look at the options for life expectancy of the products. A shingle roof could have 10, 15, 20, 30 year type of shingles. I believe most people that buy a home are usually just concerned with whether the roof is new or may need to be replaced. Thus, if you over improve on a lower end home you may not be able to get the extra money out of the home when you sell it. I hope this helps. Good luck with your real estate investing. Believe and Achieve! Smiling - Joe

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Tin Roof

I had a beautiful wrapped around porch farm house and it had a tin roof that lasted over 50 yrs and when it was time to be replaced I put down 30 yrs shingels on it because it was less expensive.

Warm regards,

Paul T. La Moy


Paul,

Thanks for sharing your story on your roof. The tin roof sounds like it was a great roof and too bad it was that time for the new shingle roof. Believe and Achieve! Smiling - Joe

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Joe

Yeah it was too bad because I lost so much money in that house and wish I knew about Dean's program because I put in over 110,000 to save that house and also lost the house too. I mean I gave it away so I dont have an additional mortgage. Everybody loved that farm I had but I lost my good job and couldnt afford to keep both places going. It makes me so sick because with all that money I had and wish I had bought apartment complexes and make money every month. Now it's time for a change and try to make some deals so I can get my hard earnest money back and also make more too.

Thanks,

Paul T. La Moy


metal roofing

just wanted to add the gauge of metal sheets of roofing is the THICKNESS sorry i am behind on a few posts.in my opinion i prefer to install colored steel as apposed to galvanized just for looks and resale value.in my experience i have had sheets of galvanized RUST. THE WARRANTY on colored is longer.there is many names for metal such as steel,metal,tin,and different grades,thickness and price per foot.
as for the price you can save a few dollars when putting steel over the shingles thus saving labor to remove shingles and dump fees,just check your local codes. thanks joe,lubertha,kat and paul for your lessons YOU GUYS/GAL ARE GREAT!! cant wait to meet you someday and share the wealth together !!

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alana redeck

sorry i meant to include alana also[atlcamel] as for alanas ? on redeck a few posts ago i believe joe was refering to the removal of total shingles or steel AND PLYWOOD OR OSB UNDERLAYMENT. AND INSTALLING NEW per redeck meaning.correct me if i'm wrong. thanks

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Paul,

I am sorry to hear about the farm. Sometimes it is always best to look ahead so you do not miss any new opportuinities if you are looking in the past. Anytime we have a difficult situation it is always very frustrating and does not seem fair. But I think it makes us stronger for the next situation. Best wishes and good luck on future deals. Believe and Achieve! Smiling - Joe

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jbtoggs,

Thanks for the comments and information on the roofing. I believe the more we know the better investors we become. I have also seen that really dark shingles such as black or dark brown tend to age faster because of the sun. I do not know if this is true or just an observation, but when I do a roof in the future, I believe a lighter color that compliments the home will be my choice. Good luck on all your deals. Believe and Achieve! Smiling Joe

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Joe

Joe thanks for your comments and yes its best to move on and do another project and make it better. Learned the mistakes I made and make me stronger for the next deal I do. There is no turning back and just move forward.

Thanks again

Paul T. La Moy


contractors

Always ensure that when you are using any contractor that you NEVER pay in advance for a job to be performed. Also try and find contractors that will give free estimates. Find out how long the contractor has been in business and if they are licenced and insured.

This should weed out many of the fly-by-night contractors in your area.

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Thanks

for the clarification jbtoggs! How much would trusses cost to replace if I were rehabbing a burn out house? Are they sold, singly or as a group?

__________________

"I will NOT BE BROKE! ANYMORE!"
In the name of Allah, the Beneficent,
the Merciful.
22.He is Allah besides Whom there is no God: The Knower of the unseen and the seen; He is the Beneficent, the Merciful.
23. He is Allah besides Whom there is no God: the King, the Holy, the Author of Peace,the Granter of Security, Guardian over all, the Mighty, the Supreme, the Possessor of greatness. Glory be to Allah from that which they set up (with Him)!
24. He is Allah: the Creator, the Maker, the Fashioner: His are the most beautiful names. Whatever is in the heavens and the earth declares His glory: and He is the Mighty, the Wise.


Your right

never give your payment in advance. I would prefer they be paid out of escrow; only after inspector has come out to verify that the work has been completely correctly (and passed code if required), kinda like quality assurance check. Is it hard finding contractors willing to work this way?

__________________

"I will NOT BE BROKE! ANYMORE!"
In the name of Allah, the Beneficent,
the Merciful.
22.He is Allah besides Whom there is no God: The Knower of the unseen and the seen; He is the Beneficent, the Merciful.
23. He is Allah besides Whom there is no God: the King, the Holy, the Author of Peace,the Granter of Security, Guardian over all, the Mighty, the Supreme, the Possessor of greatness. Glory be to Allah from that which they set up (with Him)!
24. He is Allah: the Creator, the Maker, the Fashioner: His are the most beautiful names. Whatever is in the heavens and the earth declares His glory: and He is the Mighty, the Wise.


alana trusses

trusses or rafters as they are sometimes called are normally sold per truss. the price depends on the lenght or RUN AND the pitch [which is the ANGLE of the truss. all these factors are what your contractor will know to give you a price on. if you just want to find out a price on one truss call the local lumber yard give them the lenght,pitch and how much overhang and they will give you a price if i knew this info i could give you a price per truss in my area. hope this helps you .

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roof

Joe is right about what kind of roofing in the area you are at. For ex: In florida is good to have metal tin roofing because of the hurricianes. More people in Florida are changing from shingles to tin roofings.

Paul


Paul,

You are making a terrific effort with the DG website community and your knowledge is growing each day. I believe you will be finding some good deals in your area and you will be better prepared to know what options you will have to move on these deals. I know you can do it! Continued success and best wishes. Believe and Achieve! Smiling - Joe

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Salden,

Thanks for the great advice about contractors. It is so important to try to get at least 3 free estimates and check references of the contractors. You want quality work at reasonable proces. Thus, the best advertising for business owners is word of mouth. I often see contractors in an area put out signs in front of the house they completed. Ask the property owner their thoughts of the work on their home and this could be a great way to see who is doing a lot of the work in the area. Believe and Achieve! Smiling - Joe

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Tip on paying contractors

Try to work with a contractor in regards to payment and terms. If a contractor is not flexible on price, they may be flexible on terms and this can make for a good deal to spread the payment out over the job or over time. I would recommend you try to pay a portion the day they start and maybe a payment by completion method.

Once the job is complete you may also want to request a "Lien Release/Waiver Form." This way the contractor is paid and happy and you are ensured and can prove that the contractor has been paid and provided the lien release. If you go to a bank to do a refinance and there has been a lot of work completed to the buildingg, the bank may request to see these releases. Good luck with REI. Believe and Achieve! Smiling - Joe

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Joe

Thanks for your wonderful comments. You and very few other recognized me and many dont. lol Yes, I am trying very hard to do my best. I know you are a very bright man with many knowledges and you are a great team player.
Thanks again !! You made my day ! Smiling

Warm regards,

Paul T. La moy


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