How Early is Too Early? Contractor Looking to Get into Fix and Flips

[Trent Quinlan]

Hello All,

I'm new to BP, and new to the rehabbing/rental scene in general. 

I'm a residential contractor and I would like for my business to focus on full rehabs rather than smaller jobs for individual customers. It is a move that I have been wanting to make for the past few years, just haven't really known where to start. A recent slow in leads has made me decide that now is the time to move into real estate, my long-term goal.

I am well-versed in contracting, estimating, etc. I am very excited for that part of the process as I will be GCing my houses. My dilemma is this: I have limited capital. I'm not sure how much I would need to cover for the purchase, and I would need to continue paying myself and employees during renovations. I am more than willing to partner with other investors especially for my first few houses. I could take care of all renovations, I just need capital. Is this a desirable situation for an investor? Am I making this move too soon, when I should be focused on building capital?

Any and all thoughts are appreciated. Thanks