All Forum Posts by: Account Closed

@Andrew Cordle . I guess PM is a more appropriate term, thanks for the encouragement.

Great point! It may make more sense to use investor money now and reinvest profits from project to project until I am at a point where I no longer need to finance repairs.

This is mostly a question for those in CT and the northeast, but anyone could chime in. What are the buying and selling seasons like in the northeast? Are home owners buying homes during the winter months ( Nov-March?) I am hoping to begin a fix and flip project soon but my projected time frame has me getting the property on the market in Jan/Feb. 

I am a little concerned about that and kind of thinking I should delay a few months and aim for having it ready by early spring so I don't have something sitting for too long.  Am I over thinking this?

I am fairly new to the site and new to REI but want to get in the game with a flip. I have a few questions that have been rolling around in my head and I am hoping to get some feedback. Any help is much appreciated!

1. I work a full time job with a fairly demanding schedule.  Typically 45-50+ hrs/wk without working on weekends.  Is it reasonable to think that I could act as GC on a project of minimum scope (carpet, paint, minimal aesthetic upgrades, landscape etc...)? I get the feeling that its inevitable that I would be fielding phone calls and emails throughout the day and could hold up the project without prompt attention and response. Does anyone else have experience with this?

2. I have a potential investor that could fund the purchase price + repairs.  However, in order to reduce the amount of the loan and hopefully max profits I am exploring alternative ways to finance repairs.  I am expecting repairs to be in the 20-30k range. Anyone have ideas or should I just plan on using investor money for repairs, be happy with the profit I get, and learn for the next time?