What’s the best way to pay laborers?

Trade contractors generally pay laborers by the hour, or by the piece installed on a weekly or biweekly basis. Let’s look at the pro’s and con’s of each. By the Hour:Pro(s) – Laborers are paid a rate per hour for the time they work, capping their cost and making it easier to control the amount of hours employees work. Some…

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When do you make money on the property flip?

Often, investors tell you that, “In real estate investing you make all your money by buying right!” The truth is, “Buying Right” is only part of the ‘flipper equation’. Most property flips need repairs and upgrades as part of working the flip. Even when holding property, eventually repair and maintenance is needed. This makes property flips, a three-step process: Buy,…

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How much time will it take to manage your own Construction Project?

Some owners think a professional construction manager is not needed. They are sure that in just a few short hours per week they can keep in contact with all their subcontractors, make material choices, manage the project’s finances and even deal with the building inspectors. “It shouldn’t be all that hard,” they say to themselves, “why pay for services I…

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Can You Afford a Project Manager?

An independent project manager can save you money on your construction project from the very beginning. How much depends on you. Read this article to find out how you can save money well before you start your construction project.