First, in my opinion, being a real estate agent, you're either in it full-time or don't do it at all.

But that is better than the full amount. 

Here's a full breakdown of the last higher end home I did.

Perhaps we "buy" the house from them for the $328K balance to satisfy the lender and don't need a large down payment and then have a separate contract with them to pay $x per month until we've paid the full $172K amount.

But if I am doing a full rehab, I would get new myself.

It will be a can of worms for sure and they may go as far as requiring a full tear out and fresh submittal.

—----------------------------------------------------------------------------------------------------------------------------Subcontractor Agreement TemplateThis Subcontractor Agreement (“Agreement”) is made and entered into on [Date], by and between:Contractor: [Full Name/Company Name] [Address] [Phone Number] [Email Address]Subcontractor: [Full Name/Company Name] [Address] [Phone Number] [Email Address]Project Details: Project Name: [Project Name] Project Address: [Project Address] Project ID or PO Number: [Internal Identifier, if applicable]1.

You may make $50k on a flip but have to wait 6 months from list. ( in specific areas - not all of CLE)As a full time investor turn time is hyper important for me to turn my properties and money over as many times as possible in a year.Another example is are you a flipper or a renter.

It was a huge investment, but it cut the electricity cost by the full 2K per/mo all summer.

I said that buying off the MLS at full cost, using secondary lenders for the down payment, closing costs and cash out was foolhardy.