Regardless of getting a business degree with real estate as an emphasis I felt more comfortable with the construction business.  

I have more than 10 years experience in rehabbing, new construction, flipping and holding properties for long-term appreciation and cash flow.

I have completed flips, holds, wholesale deals, new construction deals.

In any construction project the more estimates you can get the better, but I would say if you do not have a relationship with a contractor that you trust 3 estimates is pretty standard.  

Hi everyone,i am looking at purchasing a newly constructed duplex in Concord CA, but i am not sure how to valuate it... its off market deal and the seller told me to  make him a reasonable offer.

This is also how I would sell him on the deal.Estimated Minimum Closing Costs $5,500.00Estimated Closing Costs Based on Prop Value $5,500.00 Repairs/Construction $10,000Total Loan with Seller Concessions $100,000.00 % Down Payment 20.00%Down Payment $20,000 Remainder of closing costs $15,500.00 (this assumes you are paying for the renovations out of pocket)Total Due at Signing $35,500 Mortgage Rate 4.75%Length of Mortgage in years 30Monthly Mortgage payment $417.32 Taxes $100.00 Sewer and Water $- Trash $- Heat/Utilities $- HOA $30.00 Cap Ex and Ops $150.00 (this is your future roof replacement, hot water tanks and other major items)Insurance $250.00 Mgmt Fee $140.00 Vacancy $113.40 Total Expenses $1,200.72Total Revenue $1,400.00 Cashflow/month $199.28Cash on Cash Return 6.74%

I can also help with any construction/remodeling questions if you need as I am a general contractor as well as a licensed electrician,plumber and hvac. 

We have access to great deals and have experience in the construction field.

Regardless of getting s business degree with a real east emphasis I got back in the construction business.  

Guess maybe I should get the flipping book I see here on the marketplace because I feel like I need a general overview with a few step-by-step instructions and a list of do's and don'ts.Oh, I am financing the house and rehab and he is doing all the legwork at this point and when we sell he would get his 3% as the listing broker.All suggestions, guidance and constructive criticism is welcome :-)