Where are you going to live for the 8-12 months of construction?

I also enjoy the construction aspect of real estate, therefore, want something I can spend time working on while building my real estate portfolio.

There's barely any new inventory or construction in Silicon Valley.

We currently own a new house that was built before we moved in, and it is in a developing neighborhood, we are going to rent that house out then move into the house we just bought and do a live-in-flip and possibly sell or rent after two years to avoid the capital gains tax on the profits.Our goal is to get as much stuff done to the house as we can before we actually move in because we have two small children and it will be rough trying to live in construction zone with these two crazy babies.So, so far we have taken out the whole kitchen, removed ugly tile in the living room and two bathrooms, and started demoing the laundry closet.

Typically A+ properties are A+ because they are new construction or because another investor has put the capital into transforming them. 

@Kourtne Stancil have you hired a home inspector or someone to look at the property? 

We have the cash to buy the property outright, but don’t currently have the cash to fully complete the construction.  

-We want to be monthly cash flow positive- Looking longterm 15/20 years- I have a construction background and could take a Contractors Licence to build/ sell -would you invest all pure cash in a number of single family units e.g. 10 at $60k average ......?

Hello,My realtor has come across an investment opportunity that they would like to partner with me on. (50/50)The property is pre-construction and as of right now we are having to deposit earnest money with delivery being expected about a year out.I was hoping to get some advice from the community as to how I should structure this partnership legally.

I actually think estimating rehab costs accurately is the most difficult skill to especially if you don't have construction experience.