It's so critical to build your team - you want to have wholesalers that you can buy properties from and investors that you can sell properties to.

scheduling is an essential aspect of profiting from a project. using a GC is probably a bit more costly, but they are carrying the weight of the project and have overhead. shopping a GC's price is probably more time consuming than it is beneficial. you also are gaining the GC's knowledge of the qualiity of work that you will be receiving. but a schedule is critical and should be attached to the contract as an addendum. also any preference in material would need to be specified. the other item ive always included in contracts is the expected milestones and the sub either your own or from the GC should be strictly held to. after you get a few projects done you will understand more about how to schedule. also be mindful of your scope of work and changes. change orders can blow your budget.

I am very open to suggestions, criticisms, and different points of views.I hope to one day be able to give back and contribute to the site and others as much as I hope to gain if not more.Thanks for reading and I'll see you all around!

the seller pays the buyers agent as well.as an agent you work for your broker for 2 years in most states then you can take the brokers exam and be on your own .. so yes there is a apprenticeship if you will.there are plenty of low cost brokers that only charge a very very nominal fee to hang your license I mean less than 500 a transaction.. just have to google for them.. these cater to investor agents.and an agent is at no disadvantage vis a vi making offers on MLS properties as anyone else.. only thing you put in your offer is a statement staying you are an agent.. that's all that's requiredWhat @Chinmay J. is referring to is you get the hot sheet at 2 in the morning.. now not many brokers or agents I know is going to look at it scan it and send you deals. .you need to do this for yourself.My wife is an agent she does one flip a quarter.. she finds them on MLS ( and not at 2 am either LOL) last one she did she made a little over 125k cash in her skinny jeans.. right off of MLS.. now there was multiple offers and she is very ex[pericned at this and usually will land the deals.And even if you don't get your deals on MLS if your in the flipping to retail bizz your going to sell your home on MLS.. so being an agent to list your own deals is critical in my mind and anyone who does not control their own listings and sales side as a flipper builder is really just giving money away and not in control.now that's in the state I live in.. in other states I hire brokers..

This way they do not play games and give a few items and buyer spends a lot of money only to find the seller giving them critical items to review just a few days before due diligence expires.

I think the kitchen has a great flow-- no criticism meant, just an observation.

This is the most critical part of the whole process.What is your Rehab estimate?  

It does mean that you had better be right on ALL your estimates and have not omitted critical items.Then there's the operational and financial reserves issue:  Do you "have to" allocate CapEx? 

Indeed is more critical on hot weather because of the change of temperature between the inside and outside the house.  

This is probably one of the most critical things to know with such a plan, and something your provider should have been very up front with and included in any literature they sent you.Disqualified parties include:YouYour spouse if marriedParents, grandparents, etc.Children, grandchildren, etc.The spouse of a descendantA fiduciary to your IRAA business partner or key employee of a business you controlAn entity such as a business or trust controlled by any of the aboveSo no, you may not personally joint venture with your IRA.