Flipping in San Jose Area.

[John Choi]

I am a construction manager and also a newbie investor looking for flipping opportunities in the south bay or east bay area and the investors who also have interest in flipping as well.

Since I have a full-time job and cannot directly hire and manage subs on a daily basis, I want my business running on autopilot. I believe I need strong tools to negotiate with the GC whom I will hire and double check his performance on a weekly basis (ex: spliting payment as he hits each milestone or pass each inspection from COSJ building department. I believe there is a total of 7 inspections including Building Final if you start out new construction. The number of inspections vary depending upon scope of work), so I started building the platform including the comps, ROM construction cost estimate and schedule templates, bid and contract packages, etc. I am still not familiar with doing comps, lending and selling process. Hope you don't mind answering my following questions.

1. In San Jose market, what kind of house style and design would contribute to selling houses quickly? Are there any special amenities attract the buyers' attractions?

2. When you drive other houses in your comps, what other creteria you are also using to do visual inspection except for house condition, curb view, street and proximity?

3. I think someone said in BP Podcast that some people do file LLC per each deal. What are the benefits of filing LLC per each deal if you are working with other investors?