Wall Street bankers are looking at low bonuses this year, hedge fund returns are flat and some buyers of high-end real estate from China, Russia and the Middle East are cutting back.

If they can find a way to align incentive, like a bonus for finishing in a certain time frame, they could create a mechanism to get what they need from this architect. 

It cost me $600 to transform it. 

I am an investor in the estate of Texas and to me this is one of the best places to buy and hold and flip.Many investors will fail in this business due to not having different options to offload the properties if not sold (We call it a parachute), we actually shaped our business to rent most of the properties we flip and if we sell them is a bonus.

Unless your in a market like the Bay area were you pay 1.5 mil for the lot and build a nice spec for 200 a foot say 3k feet for 600k  and have 2.1 in it and sell for 2.9  which is common the 15% of project cost work.but if your in a market were lot is 100k   build is 200k and end product say is 350k.. and you pay 30k to the builder that is far to much by double.we hire for flat fee if we are financing the whole job and they are simply acting as GC and have no monetary involvement.  10 to 15k a door. is what we pay.. and if we are so inclined there can be a bonus if we do real well.hope that helps.. careful to tag your jobs to % of gross construction costs you may not like were you end up.

Any way I have no dog in the hunt but I do ( as a veteran HML in my own right) agree with Account Closed if you can get your principal back great and some interest  that's a huge bonus..

I wouldn’t mind flipping some properties in between, but that would be just a bonus if I can and not really part of my long term strategy.

It's a stand alone 900 sqft 1 bed 1 bath plus a bonus room unit to become vacant at the end of the month.

I do enjoy design and the satisfaction of transforming something slightly distressed into a whole new place but I would also like to do this as passively as possible, especially if I'm doing it mostly from out of state.

While I say new to real estate, my wife and I have sort of fallen in love with real estate after successfully transforming our primary residence into our first rental property two years ago.