60k is enough to open a hostel for 50 beds - but it is WITHOUT a cost of buying/renting a property.
But WITHOUT owning the building or property........?????
So you still have to buy the property and 50 bed hostel with $48,000 since you get $12,000 for your services ?
2.Are you really required to hire an architec to sketch out a plan for a throne or can your sub contractor do that ?
And the architect is the one that hires other needed specialists (construction, sanitary, HVAC, etc.) - so you can have one point of contact and one fixed price.
So you can't hire the specialists (sub contractors) yourself ?
And getting a building permit takes up to 3 months
And this isn't something you can't apply for yourself ?
You just have to know all the regulations and building codes requirements and proceed accordingly.
A copy of these are not available free at the building department with a partner that knows the laws. And aren't your sub contractors/specialists required to know these laws if they are licensed ?
but you have to hire a specialist to handle this anyway
So the licensed sub contractor/specialist that you hire is required to know these laws, right ?
The architect fee is 15%-20% of building costs for a small investment like this - this includes ALL specialist fees that architect is subcontracting.
20% of 60k is $12,000 in your pocket for doing what most everything old Levi and his Polish partner could do themselves.quote by Levi BR
I have a polish partner, with a good understanding of Polish Law
So why pay someone $12,000 of your $60,000 leaving you $48,000 for the building and property when you already have
a partner that knows the Polish laws and regulations ?????
Architecs are for people with lots of money and few brains.