I listen so that I can gain knowledge or little tips about how to run my business,  not for networking.

The contract was a bit concerning because it gave all the power to the GP but that seemed understandable.Anyway, fast forward 3 years and the project has not gone as expected.

Also good tip on buying over 1500 at home depot, I was not aware they discount past that threshold. 

Just came back from a local REIA meeting, the presenter(property manager) recommended contacting the supplier to find good contractor. Local supplier should know who got the most projects. Did anyone using the same me...

The first flips were during a super hot market, so 1 was an easy rehab and the other I purchased at a discount for cash simply resold 45 days later for profit.

any tips or advice for my self would be great I always am open to learn and hear different stories and experinces!

Both replies make a lot of sense.

Thank you for any replies.

I wanted to reach out to this group and see who is currently doing terms deals - mainly selling on owner financing or lease option.I would love to get feedback on any and all tips on automating the selling process as much as possible. - Who shows your properties?

ERGO you are in foreclosure in the first place.GFC meltdown saw values drop 20 to over 60% in certain markets  .. your 70% LTV loan was underwater right out of the gate.So to answer your questions.In General... you have a foreclsoureyour value is 10% less than it was when you made the loan.. reason flipper butchered the job ... and again depending on state it could take 1 to 3 years to actually foreclose and of course your not getting any payments.. so your interest is wiped out. your cost of doing the foreclosure again state specific.. and I have never met a defaulted borrower that paid the property tax's  ( and again state specific how bad this will be).. you have selling costs usually 8% and you normally have to spend money getting the home marketable I have never met a defaulted borrower who left a home in perfect shape.So you add 10% market devaluation  8% for sales costs.. 3% for foreclosure costs.. 2% for back taxforce placed insurance and utls.. and depending on the condition of the home 5 to 10% for rehab .. you can see how this eats into your 30%  .. then take states Like were i live and properly filed mechanics liens are super liens they jump ahead of your mortgage.. this can be thousands up to 100 thousands if your flipper totally screwed the subs.