I can't tell you how many times when people would contact my agents fresh out of guru school.. and talk a BIG game  we are going to buy 20 30 properties we are building a team blah blah blah.. when in fact most of them borrowed the money for the course and are now trying to do business with smoke and mirrors.. real investors that have money if you lay this out the right way will probably go for it.. and SELLERS I can see that for sure.. but then again in the retail resi space so many people just are clueless and or really have very little liquidity that even sending you 1000 bucks up front could be a risk and stretch for them..

I’m fresh into real estate flipping about a year into it. 3rd project in and as I’m still learning, I get a lot of mixed reviews about material cost, and labor costs so I figured I’ll come on here and ask for some opinions.NOTE:I was told by an old-school investor that what I paid for labor was way too much.

Don't hire family / friends.Hire a professional who is boots on the ground 24/7Insurance rates going up should be a good thing since its baked in for those selling the homes, especially if they are selling an investment property.You can tell them, I can't pay at this price because these are my income and expenses and I can't cash-flow given the numbers.Over-time, sellers will adjust.

6% Cap => $54k/0.06 => $900kThen I'd bake in 15% buffer for repairs => $900k*.85 = $765k

We are doing fresh primer and paint and removing any carpet.I see cheap ozone generators on Amazon - give or take $100. 

Start fresh with a new listing.

If I were thinking about building wealth fresh out of college, I would begin speaking with different accountants as soon as I start working. 

Freshly painted throughout.

The first floor bathroom and 2 bedrooms were given a fresh coat of paint and a good cleaning.

I’m 18 fresh out of high school, I’m trying to start a real estate investing company and I need a lot of guidance, any help is greatly appreciated.