It's almost like it's own tiny little new construction project.

(however, we have some pretty good knowledge about general remodeling/construction)..

For example, one partner has cash, another has construction experience, and the third partner has a real estate background.It sounds like you both possess similar skills, time constraints, and lack of experience.

LHJS Investments us a management company managing several funds, specializing in hard money and construction loans for all of California.

I have met a few good agents out there and talked briefly with a Credit Union in Chicopee that will do construction loans to people investing locally.

On our court date, tenant falsely claimed "Constructive Eviction" and alluded to a counter claim.

The currents owners form a partnership/LLC to get a construction loan for this property 15 years ago.

I have been working construction for a few years now and want to use this experience in investing.I am currently building my first home and would love to learn from experienced investors on how to go about flipping houses.I learned about bigger pockets just a few days ago while at the gym and listened to the podcast while working out.

The more you have, the more options you have.You will need a construction team, an escrow company (or closing agent - attorney in some states), and a title company.Having access to REO and short sales prior to them hitting the market is a key leg up in this market, use that to your advantage.

At the same time, I have to learn somehow, as I'd like to grow my rental business in the future.In the Good/Fast/Cheap equation, I don't need it Fast (not carrying a mortgage or construction loan, so taxes/insurance/lost rental income is the only downside of taking a long time), but I'd like it Good and Cheap.Am I foolish for thinking I can oversee a project of this magnitude?