So before you start dropping the list price, see what the comps LOOK LIKE and ask yourself if yours is in the same ballpark. 

I use this as my backup in case my BRRRR doesn't go quite as planned I can always just dump the property and start again.

I just started considering a 3rd option, bringing in a partner for a 50% ownership.

And, 4 months ago I sent an update saying that the market has declined as predicted but we felt that it was starting to stabilize.

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

Hey @Chelsey Coleman, so you need to spend a ton of time on the forum and start reading.

I’m wondering if using Customer instead of Class would work, thereby allowing the less expensive Simple Start or Essentials versions to be used.As a private lender I’ve been using Customer for borrower and Job for each borrower loan … seems to work.

I think you may want to start of the arrangement in a more simple fashion.Ask for a loan in which he will get a stated return 6% to 12%.If you are both successful happy with this arrangement, upgrade to a partnership.I think a partnership off the bat makes things complicated.You will also likely make more money in a loan agreement if the project does well.

I was looking to get into the investing space more heavily and wanted to start with a flip.

How did you get started in with the fix and flip strategy?