Tell them you will be happy to bid this out. Cost is $250 for trip and time on the estimating software and is refundable upon bid approval.JMJ54 said:
Find out real fast who is BS'ing who? :whistling
Tell them you will be happy to bid this out. Cost is $250 for trip and time on the estimating software and is refundable upon bid approval.JMJ54 said:Hi all,
Just joined the site, very informative stuff. I recently received a call from a property manager for HUD? The name of the company is green solution property services.
I figure it maybe a good opportunity with how slow new home sales have been. The rep or owner asked to take pictures and write up a price list of what needs to be done. The house is a mess and needs like $100,000 worth of work. I sent the pictures and the price which he really didn't have an issue with. It didn't seem like he would be bidding the job out he said if I want the work I can have it. That he basically wanted to use me because the rep and my work which he has seen. He wants and take measurements of the roof rooms etc. Are we wasting our time? or is this for real?
FremontREO said:JMJ,
Are you trying to say that you have the approval?
If so then I misinterpreted what your previous post was. If you are being told "you will get the work" than take that with a grain of salt. That is a common saying to sucker someone to waste the time taking pictures and bidding out the rebuild.
I gotta say we have done many $100k renovations on Bank Owned properties and ALWAYS make sure you have the work authorizations signed. WE GET 40% upfront upon approval with agreements that is for 2 weeks labor and all materials on bid paid for up front. AFter the materials and initial labor fee paid we will begin work. At the halfway point we get an additional 40% with 20% paid upon completion.
I know these are steep draws on normal projects but you are not working with "normal" people...you will be working with "SHARKS" and they are always on a feeding frenzie!!!! AND you are bait.![]()
JMJ54 said:Freemont,
So your gut tells you this guy is a scammer? He said he wants me to do the work. Is there a difference between that and an approval? He makes it sound as though he is not taking other bids, that I am the sole person he called to do the work.
We have been in business since the 1970s and would never do with out taking a substantial downpayment and receiving payments as work is completed. I am just not familiar with this reo stuff. I just don't want to complete the measurments if this is a scam.
OK Understand your confusion after reading the posts from all us P&P contractors but rebuilds are a lot different than the normal P&P work.JMJ54 said:Freemont,
So your gut tells you this guy is a scammer? He said he wants me to do the work. Is there a difference between that and an approval? He makes it sound as though he is not taking other bids, that I am the sole person he called to do the work.
We have been in business since the 1970s and would never do with out taking a substantial downpayment and receiving payments as work is completed. I am just not familiar with this reo stuff. I just don't want to complete the measurments if this is a scam.
No offense meant, but is your company, the company that this discussion is about?pd606 said:I know all this well as I am the CEO of Green Solutions Property Services.