Neither of us are handy so while fix and flip seems attractive to get a jump on our REI career, I'm not sure it's the best plan for us with no handiness and no current contractor contacts.

Original Contractor left at the end put us in dent and had to hire another one to finish up3.

While I do enjoy the work, my ultimate goal was always to get into investing.  

But, things change and life surprises us.Ask the seller if they will do Seller Financing or a Land Contract or a Wrap (and have a title report and have an attorney put the paperwork together for you.)

Sell, Sell, Sell.Now is the time to off load all SFHs and enjoy the profits.

Really enjoyed reading this thanks for posting

There isn't nearly enough information on the calculator to give me a real indication of what is actually included in your numbers...but if you're planning for $35k profit...can you also afford to lose $15k...without experience it's possible to have your holding costs be much higher...and your renovation costs be 50% over if its your first project and you don't have actual contractor bids and are just guessing based on having read J Scott's book.

When a contractor "screws you over" usually it's because he bit off more than he could chew and is too prideful to acknowledge it and also isn't good with managing money to be able to eat the cost.

Looking for recommendations for developers and contractors in Philadelphia that are interested in vacant lots.

I really enjoy the multiple perspectives.