There is not a specific property in mind at this time, since I am just running the numbers, but if you are interested in a partnership shoot me a message.

Your realtor isn't just there to open doors; they're your guide in this new world.

I always knew this was a common problem in the real estate space and I was always curious as to what was the underlying issue.

I’m looking forward to connecting with other members and learning more about the real estate world.Looking forward to being part of this community!

What made you interested in investing in this type of deal?

I’m eager to dive into the local real estate scene and advance my journey in this field.

This is a different situation when residential properties are sold.

People have their own agenda/interests.

Purchase price: $140,000 Cash invested: $140,000 Here are the pictures:https://www.redfin.com/IL/Kankakee/880-S-Foley-Ave-60901/home/63247747 What made you interested in investing in this type of deal?

The best thing to do would be to consult an attorney, but likely, that is not an option for everyone starting out.I'm not an attorney, and this is not legal advice, but some of the information that we include in our contracts is:- A clear scope of work - Payment schedule / Milestones- Change order approval process- Allowances for finished materials- Reasons to terminate the contract- Expectations for start date (X amount of time after final plans /permits are received or X amount of time after the contract is executed)- General schedule and timeline (This is where you could specify an end date - however it may be better use incentives rather than liquidated damage if your general contractor is late - we've done both, but found General Contractors respond better to getting something if they get done early instead of being punished for being late.