It does mean that I manage the overall process, handle large problems when they crop up, and get the privilege of dealing with many more headaches than any two people should have to.I think the question of "GC or PM" is a factor of the following -1) How big are the projects you're running?

As I mentioned, I am new at this but I have the privilege of apprenticing under an investor whose rehabbed over 125 houses.

I'm privileged to have a wonderful woman in my life of which we've been together 5years.

Brian - I've never worked with a probate in your state nor had the privilege of traveling to Massachusetts (yet).

So if a buyer wants a pro's opinion, best to bring them in during the 10-14 showing days that the prop is on the market before the seller sits back and sees how deep people are willing to bend to have the privilege of buying his home!

"write yourself a check" means fund your project and borrow from your IRA means deplete and replace - too simple for some folksI not selling anything Dimitriy - anyone on this forum can find out about self-directed IRA accounts with checkbook privileges with just a few keystrokes, as opposed to requiring the custodian's 'approval' for every move they make - it ain't rocket science my friend

I had some dumb analogy typed up but it's easier to say listen to people with experience or be prepared to learn the hard way(this lesson costs a lot of $$$$$$$) I few years ago while I was still living in Australia, I attended a few US Property seminars.The companies where charging $5,000 - $10,000 just for the privilege of getting access to these "hot" turnkey deals.Now I get those same investors asking for help as they want out.Sad stuff.Thanks

We had a 30-year fixed (term and amortization) and paid a premium above a shorter term for this privilege.  

It is the Seller's privilege to hold out for what ever dollar sale price they want.  

(btw, the note funding link he refers to in the video is dead) Also, you may want to read this link about the guru he mentions. http://www.ftc.gov/news-events/press-releases/2012...New laws not withstanding, If I may restate what I think you want to do.  1) Seller agrees to let "guru student" buy an option to purchase his property for $160,000. 2) Additionally the seller will also provide owner financing for the "student" for the purchase, with the understanding that you are hoping to pay him $160,000 in a few months.3) Clever student markets the property for $200,000 with a 10% down EZ qualify loan at 7%, 20 yrs amortization 5 yr. balloon. 4) Motivated homebuyer with bad credit buys the house with a low downpayment & EZ financing you have arranged & will pay 10% down or $20,000 and $1,395.54 each month for the privilege of becoming homeowner. 5) 3 months later the original seller is paid off from the proceeds of the note sale.