Starting on the siding and roofing and all the finishing touches, we can’t wait to be done and start our next house which is vacant and demo begins in 3 weeks (follow to see updates) What I’m getting at is, the flipping world is not for the weak, you will get beat down, you will fail but in the end once you finally achieve your goals and jump those hurdles you’ll be sitting in a heating house looking at your accomplishments and realize everything you’ve worked so hard for this past few months is now a reality and it’s time to enjoy it!

I work with hundreds of real estate investors, each one unique in their strengths and weaknesses.

Most importantly, when you are creating a business plan you need to do some serious introspection and get to know what your weaknesses and strengths are, before you make any hardcore decisions.You have a great start, good luck in moving forward!

it seems to me that you trying to build a castle on a weak foundation.

if you have NEVER done a build job or spec i think that financing will be your biggest hurdle.also your cash position is quite weak.. sometimes vertical lender will over look experience if you pay cash for the dirt.but leverage and no experience leads to no deal.. this would be a decent deal for a local builder given carrying cost sales costs etc etc.. how much they would cut you in for finding it and providing a little bit of cash is up to negotiation of course.

While thats not a sign of weakness, it is a major problem with many buisnesses here from a local grocery store to a giant superstore.

at the right price, could be good but if its a weak market, 200k might be a fair deal.  

I don't want the offer to be contingent on the closing of my other place as I think that this property will have multiple offers and I don't want mine to look weak. 

(weak pun intended)Put 5% down, owner-occupied, and the place appreciated about 600% worth of what we put in (CoC ROI) since June 2016.It was cash flowing it’s first year as a rental, even with just 5% down.

In addition to setting up my new LLC (Safe Equity LLC), I'm building a great team of experienced people to guide me in areas where I am weak (which is a lot at this point!