I'm having a hard time finding any estimating tools for this kind of a project, adding a story and multiple BR/1 BA, and wondered if there were any tools, sites or recommendations any of you have for this kind of a project. 

Purchase price: $120,000 Cash invested: $370,000 Hi BP, Just wanna share my recent co-living new construction project in St.

John - Would love to hear more about your NC project as we have a good presence out there as well (1-Mars Hill, 1-Burnsville, 4-Hendersonville). 

One of the biggest risks I observe with flips and first time investors are instances where the project goes over budget or gets stuck in mud, can't sell and even worse the borrower doesn't have the credit profile to refinance out to a lower interest lending source if borrower is required to hold the property as a rental. 

If you're wanting to use a GC instead of running the project yourself, then I'd ask a couple in the area what their mark-up is, and calculate using those numbers. 

Quote from @Sebastian Bennett: During underwriting they requested entity documentation for past completed projects.

How do you handle disputes or issues during the project?

The Project cost better be the project cost and the ARV better be the ARV. 

Focus on cash flow and exit strategies, and consider starting with a smaller project to gain experience and minimize risk.Good luck!

As a wholesaler, a seller approached me with a 48 unit apartment complex, 7 duplexes and a 2500 sqft Single family that he wants to sell (all of which occupy the same block.) Half of which are vacant and the other hal...