One of the biggest factors in successful flips is building a strong team: contractors, agents, lenders, and property managers. 

I haven’t done my first deal yet, but through hiring a local contractor to build my personal residence I had this idea that I don’t hear people talking about.

Community water, and electric are at the street.

However, if you clearly communicated a $15K budget, I’d stick to that and ask them to discuss the overages with the contractor to find a resolution.As a side note, always try to maintain reserves for your properties.

If you’re set on a duplex with minimal rehab, an investor focused agent should have a strong network of contractors who can give you quick quotes, so you don’t wind up with any pricey surprises.

Mendenhall appears in many of the videos posted by RAD to YouTube on a near-weekly basis, and in postings and paid advertisements on Facebook and Instagram.Read moreRAD said in its statement that it strives to make its regulatory filings and offering materials “accurate and complete.”RAD “is an incredible company making a positive impact on our investors, team of employees, contractors, neighborhoods, non-profits and more,” Mendenhall said in an email.A U.S.

He also says that he's using an executory contract (or land contract in Texas) to get around them and has never lost a house. 

Nathan hired some random contractor who didn’t know what he was doing.

There are some people I am still in touch with that lost into the six figures who are still scarred 5 years later.If you told me I lost $25K in a syndication tomorrow, well it sucks, but I've invested zero of my time dealing with the property (+ seller, insurance agent, PM, lawyers, contractors, etc.) itself.

I carried double the cost on Gas and Electricity to be safe. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week)  -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00