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Updated about 9 years ago on . Most recent reply

User Stats

25
Posts
3
Votes
Chris Oswald
  • Stillwater, MN
3
Votes |
25
Posts

Essential roles for fix and flip business

Chris Oswald
  • Stillwater, MN
Posted

I am just starting out with real estate, but in any business venture I always start with the end in mind, so I want to understand all of the different necessary roles to build out a great system which can be scaled for a primary fix and flip business. I do understand that I will wear several of the hats starting out, but if I can compartmentalize and provide clear definition of the roles, work will be much easier to hand off as growth dictates.

The roles I see being important to fulfill are as follows:

  • Real Estate Agent
  • Contractor
  • Project manager
  • Home inspector - for before finalizing offers
  • Title company
  • Marketer to find deals
  • Negotiator to close deals
  • Bookkeeper
  • Accountant
  • Lender/financial source

I know that I am missing things here, so any insight would be appreciated.

Thanks for the help!

Most Popular Reply

Account Closed
  • Real Estate Investor / Joint Venture Specialist.
  • Crown Point , Indiana
238
Votes |
1,571
Posts
Account Closed
  • Real Estate Investor / Joint Venture Specialist.
  • Crown Point , Indiana
Replied

It makes sense but I am thinking from start up and on from there. Lowest overhead possible then structure it when you are busy enough to need it. 

We do 8-13 at a time fix and flip wise and we have a 6 man team. 

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