Assembling the dream team now!

Dream.

Follow the usual procedure: 1) give your Architect your design and dream, they draw the plans until you're satisfied. 2) Then you give copies of the plans to a few GCs and ask them to bid them to an exact price (assuming you have been specific with your choices) 3) You choose a GC to do your project based on price and more importantly your feel for the guy.

Our dream is to have a profit generating STR.

If they have the property under contract, at least there is a legitimate project that is likely going to happen.I spent 7 years as a estimator in the commercial business, and trust me we did plenty of "free" estimates for legitimate clients and legitimate projects...but there were also a lot of projects we did not bid on because the clients were tire kickers and the projects were pipe dreams and we didn't want to waste our time.If I'm an investor with a legitimate project, I wouldn't expect to pay for a bid.If you are a GC that is so incredibly busy right now that you are backlogged for months, don't have time to bid on work and are charging a fee to put together a preliminary estimate then it sounds like you probably aren't that hungry for work and probably aren't the right contractor type for a house flipper to begin with.

The simple, dream scenario advice is to follow the "BRRRR" strategy which would recapture your $75k in capital at the end of the project.Unfortunately this strategy is much easier said than done, and there aren't as many opportunities that fit the BRRRR model in the current environment.The real estate market is currently shifting though and we are seeing more opportunities surface.My advice is to be patient, and deploy those assets when a great deal presents itself (even if it is a year down the road).

I was wondering because the low prices seem like it would be an investors dream but I don’t hear of anyone buying them!

If you’re planning on buying a home in the near future, you want to start taking steps today to make that dream a reality.

The payment difference on a 30 year fixed rate, $260,000 property value, 25% down payment.5.375%                        7%$1,091                        $1,297                      $206            You might miss takeout food 4 times a month but at least your living the American Dream of true property ownership, building equity, living off of cash flow, building your empire & legacy does it get any better ?

Then you dream of having small problems.