Rehab costs spiral out of control very quickly for inexperienced investors 3.

Once you get a signed contract from the seller saying that they agree to sell "you or an assignee the property for" an agreed price, you then have the right to buy, sell, or control the property as you wish, allowing the rules and laws in whatever jurisdiction the property sits.In other words, if your state/ city allows you to "wholesale" a property without any improvements, that would be pretty much your process.

Hi, I have an opportunity with a friend who plans on flipping a house ($500k purchase price), rehab $50k, ARV $800k. I would be a silent partner putting in ~140k and he'll get a construction loan. He has done some spe...

They can spiral out of control quickly.Create scalable systems.

But I read about changes coming (stricter rent control, moratorium etc) If you were to sell, I'd reinvest that money in a different market.

Anyone want to coach and come alongside in the venture?

If you have any insight on the markets in this region I’d be keen to hear about your ventures in this thread. 

And an investor like you will underwrite the business venture of buying the deal (or should at least).

How Can I Get Started"[1] Knowledge of what you want to do, and what you don't want to do.For instance I want to make money by housing people in clean decent housing (for a good profit), but I don't want to be the guy doing it in dangerous areas, or in rent controlled areas.

I’ve learned through me other ventures that it’s all about systems and processes.