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Updated about 3 years ago,

User Stats

66
Posts
20
Votes
Suzanne P.
  • Investor
  • Toronto, Ontario
20
Votes |
66
Posts

How to find local project managers for flips & how to pay them?

Suzanne P.
  • Investor
  • Toronto, Ontario
Posted

My partner and I are both located in Canada and have recently taken some extensive training programs on flipping in the United States. In order to get started, we would be looking for for local project managers to join up with.

We would be bringing in the deal (mostly from wholesalers), developing the scope of work, financing and selling it. The role of the local project manager would be to check out local deals prior to purchase, locate and coordinate subtrades, check up on the contractors, and look in on the property regularly and when needed. 

Because wholesale deals go very quickly we would need someone that can have a look at a property very quickly, within a few hours same day. So here are my questions:

- how would we best find such a local project manager?

- what is proper compensation for such services (a lump sum / hourly / a portion of the profits - and if so how much?)

Thank you in advance for your input.

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