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Updated about 9 years ago on . Most recent reply
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Essential roles for fix and flip business
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
- Real Estate Investor / Joint Venture Specialist.
- Crown Point , Indiana
- 238
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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.