First Potential Flip Advice
Thank you all for the great forums and posts that everyone participates in. Sometimes my fiancé thinks I'm cheating on her because I read so much on BiggerPockets...:)
Looking for some advice/discussion on my first potential flip. I operate my own real estate brokerage business on Long Island and I have two people who want to get into the flipping business with me. They have large bank accounts and would like my real estate advice and experience. I can bring solid experience on the buy end, CMA, sell end, but the construction and rehab part is where my weakness is.
A few items that I need help with (having very little experience in construction):
1) Estimating costs with a contractor who I've used before but not for a flipping deal. Does anyone have a solid checklist for cost estimates? Of course with my first one my scariest thought is not thinking of a big ticket item.
2) A good timeline of construction.
Any help or advice would be great!!
Thanks everybody!