*This post does not create a CPA-client relationship.

🏠When it comes to contractors, I’ve found that building solid relationships with a few reliable ones is key.

In this case, because you have a relationship with the seller, I would suggest either telling them of your plans to wholesale it OR attempting to find a buyer FIRST before you put the lot under contract.

It’s about learning, building relationships, and proving to yourself that you can make it.

At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.

If that's not the case and the GC still requires 1/3 payment up front,  it means they have other projects that are suffering or lack quality subcontract relationships and can't place them on net 30's and when contractors are moving money around to cover for other projects,  that's a slippery slope. 

Has anyone found an excellent software to manage these transactions.

BP is an excellent platform for enhancing your knowledge and building your network.

Investors can tap into this trend by building modern homes that meet current buyer preferences, offering excellent returns through sales or rentals.Investor-Friendly MarketWith fewer regulations and lower building costs, Florence provides a smooth path for new construction projects.

Scale over time by building relationships with lenders and investors, networking with agents, attending REIAs, and learning direct-to-seller marketing strategies.