To successfully perform a flip the house flipping company needs to Spend time & money marketing to distressed sellers to source a deal with a large profit potentialEstimate the ARV of the dealEstimate the repair costs of the dealDetermine if there is enough profit in the deal to make sense for a flipNegotiate a sales price with the owner of the propertyHire the General ContractorManage the renovationEnsure the renovation is completed on time & on budgetMarket & sell the property for the estimated ARV to ensure they hit the estimated profit marginAfter successfully doing all of that why would they then hand over the majority of the profits to you?

I did not go through every single cell, but I did spend some time looking at it.

Part of getting into REI is so that we can spend more of our time together rather than spending more than half our day at other jobs and commuting, getting to work together is a big part of why we want to take this on (and the potential that RE Investing has for financial freedom).My Concerns: I originally thought I would develop myself as a contractor and do most of the work myself at first, but when I consider the time constraints (holding a house way longer to do the work myself, and the quality of work suffering) I realize this isn't an optimal plan.

If speaking with you about where they and their family could potential love and spend everyday for the next year at a minimum isn’t a high priority, neither will paying their rent.

He spends 4K a month on direct mail and gets 1-2 deals from that per month.

I spend an hour a week (if that on my rentals) and I am getting to the point where scaling from my couple now to 20 or 30 plus rentals will be very doable.Of course this is all moot since you’re comparing apples to oranges.

It is called analysis paralysis, which is when you spend so much time preparing that you freak yourself out and take no action.

@Raul Velazquez Jr Everyone is different - some with an accounting background or general knowledge about accounting can handle tax prep on their own with one, maybe two properties.Others like to put systems in place and hire out right away, to free up there time to spend on more valuable tasks and actions.If the latter describes you, I would say start speaking with real estate savvy CPAs ASAP.

You'll just be spending spending spending.

To get to the next level, I'd really have to amp up the time I'm spending on it.