Originally posted by @Joe Villeneuve:Originally posted by @Daniel Levine:Originally posted by @Joe Villeneuve:Originally posted by @Tammy Vitale:.............. and rehab timing, the average is between 4 - 7 per year...never spending the money, using the same money.The numbers:Average cost per deal including rehab, fess, etc

I think in many expensive areas, even people who make good money and can afford to buy a house would rather not dedicate a large portion of their savings for a down payment, they may prefer to invest in other things, like stocks.Also as Patrick mentioned, they may want to be able to relocate to a new city for a job opportunity at quick notice and don't want to have to deal with selling a house.

If you drive rents, then you could refinance a substantial portion of the equity out of the property and be able to continue to own the property while having "new" cash to do your next deal.

If a new investor doesn't have a cash reserve large enough to support the cost to obtain a contractor's license, there must be another way and I'm finding that the cost to hire a GC eats up a portion of the profit large enough that a reasonable margin is not being projected.

I should have known better as the original county I signed up for they had next to nothing in the way of records, on discovering this I called up and they were nice enough to try me in a different county which was just as bare of records.Judging from some of the comments here and a little research on the internet, there are areas where they have very good coverage, my area is not one.I did try to talk to them to see if they would refund me a portion of my money (their welcome package makes it clear there are no refunds) but they were happy to hold on to my money, my loss, their gain.  

Couple this with our 100 year flood type rainy season and we really lost a lot of time and money on this portion of the project. 

Im in need of advise and would like to get as much information as possible to help steer me in the right direction.Im 26 years old, currently unemployed, and due to the sale of a family business that i inherited a good portion of, im going to be getting a large sum of cash.

The owner would be carrying a portion of the contract price rather than the whole thing.

After splitting with his boss he made 334,000 fee for his portion.  

He will be receiving a percentage of our revenue (per deal), so how would that work if I'll be filing Sub S, if he is receiving a portion of the revenue.