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Old 07-31-2012, 06:21 PM   #31
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Re: House or buisiness first?

You're in Montreal? I live in Montreal and I'm in real estate.

Start a roofing company on the side right away. Do you do flat roof tar + gravels or do u work on shingles?

I know the guy from Toiture Expert, he does 3-5 roof jobs a week starting April all the way into October / November. All charging 10 000+$.

I'm not sure how much he nets each day, but I just know after talking with him that after 20 years of the business, after he's bought all his tar machine + boom truck, he's making a killing.

It's hard the first 5 years though. Expect to not buy a house for next 2-3 years. You have to skrimp and save so you can buy the bigger machines.

Last edited by Tien; 07-31-2012 at 06:28 PM.
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Old 07-31-2012, 06:38 PM   #32
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Re: House or buisiness first?

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You're in Montreal? I live in Montreal and I'm in real estate.

Start a roofing company on the side right away. Do you do flat roof tar + gravels or do u work on shingles?

I know the guy from Toiture Expert, he does 3-5 roof jobs a week starting April all the way into October / November. All charging 10 000+$.

I'm not sure how much he nets each day, but I just know after talking with him that after 20 years of the business, after he's bought all his tar machine + boom truck, he's making a killing.

It's hard the first 5 years though. Expect to not buy a house for next 2-3 years. You have to skrimp and save so you can buy the bigger machines.
Doing flat rood would require to much of money to startup granted its much more profitable, the cost for a person in my position just is 2 high.

I live In laval and my projected area wou8ld be North-shore and Montreal ( west-island is a gold mine)



About price per sqft.. On a low slope of 4-5"/12 Price would b about 2.3/2.5 sqft assuming single layer ripoff, 6 feet of ice/water shield rest is black #15 felt then you had in some extras 200$ for a chimney 3$/linear ft of Valley/sizing. 150$/ ventilation unit. rest is included ( plumbing vent and stuff) that include regular type of shingle ( Bp Mystic / Gaf Timberline) which cost 22-24$/ bundle ( covers 32sqft )

The steeper the slope the higher I charge. IWould probably charge a lil more per sqft in montreal compared to laval
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Old 07-31-2012, 06:43 PM   #33
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Re: House or buisiness first?

Well start up capital for shingles is cheap then. I don't see why you shouldn't try your own roofing company to start.
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Old 07-31-2012, 07:19 PM   #34
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Re: House or buisiness first?

Plus, the cost to carry that business every year is a few hundred bucks. It will pay for itself easily. If you buy a truck, you can still use that truck to go to your current roofing jobs.

Do they still let you work for roofing company even if you start your own on the side?

Expect first year or 2 to be very slow. Maybe 1 or 2 jobs a month until you are more established on your own.
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Old 07-31-2012, 07:51 PM   #35
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Re: House or buisiness first?

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Plus, the cost to carry that business every year is a few hundred bucks. It will pay for itself easily. If you buy a truck, you can still use that truck to go to your current roofing jobs.

Do they still let you work for roofing company even if you start your own on the side?

Expect first year or 2 to be very slow. Maybe 1 or 2 jobs a month until you are more established on your own.
Yes thats not a problem as long as I dont snag them jobs away from them.
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Old 08-01-2012, 02:58 AM   #36
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Re: House or buisiness first?

As far as my knowledge is concerned , I will prefer business first than that of house. Once if we settled in our business, we might go for the settlement of the house very easily. I did the same thing happened in my life. I started my business in the year 2009 and then after I was successful in that, I started planing my house and last month, I along with my family moved to my beautiful new home. Please produce some attachments about any one having the experiences like me.



start saving money
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Old 08-01-2012, 01:11 PM   #37
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Re: House or buisiness first?

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Make the business successful first, then buy the house. There's nothing wrong with renting.
of all the advice and anecdotal offerings, this is the the most wrong statement ever.

a min wage earner has a better chance of getting a mortgage than a self employed person. It sucks, but its true. As a business owner you could not only lose money, but the entire business could collapse. A wage earner just goes out and gets another job. They have no financial commitment ahead of the mort holder.

get your credit facilities in place BEFORE you take the leap.
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Old 08-06-2012, 01:17 AM   #38
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Re: House or buisiness first?

Lol, people are always so trolly on 2+2... I mean really, telling a roofer he is dumb for using poor grammar. That is pretty ignorant really.

Anyway, I've been struggling with the same thing - business first or house. It is a tough choice. But I kind of feel people that spend all their money to buy a house end up handcuffing themselves to a 9-5 job. However, for the majority a 9-5 job is probably the best thing for them. If you really know the business as well as you say, you should be fine. But it is scary to risk that money you've scraped together from 9-5s, isn't it?
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