Being a contractor he is going to be feast or famine working sporadic jobs to get paid.

Finally relented Jan 8th & sold a great SFR to an old contractor friend who has been bugging me for a couple of years about it.

Second would be to query neighborhood folks about their own house, and the word around the campfire (I avoided a house last year because the woman I met in her front yard had a story or two about mold and contractors not being all that satisfactory in response to it (I know, negatives rise to the top more easily than positives do, but still, I became worried and began to fret about big builders).Part of me wants to work harder for a living and do 1-3 fix and flips a year, the other wants to get into a buy and hold so as to use leverage.

This is the price you are going to sell for.2) You need to be able to estimate repairs or have a contractor who will do it for you. 3) Closing and carrying costs can be significant.

You do have to have boots on the ground such as agent, contractor, and property manager.

Some even are able to manage contractors while still employed with a full time job.

I'm a contractor, so I have a general sense of the costs for a rehab, but will be extremely vigilant when moving through the improvements.For point of reference, I've got a contract on the house for $23k and estimate $25k in rehab expenses with an ARV of approximately $82k (according to my Realtor).I have three goals: 1) Make some money for my investor so they will invest with me in the future, 2) learn from this project and 3) make a little money for myself.I'm willing to sacrifice my own cash to make sure I can do more of these with my investor in the future.Thanks again for the post.

Do you think I should still have a contractor give me an estimate before I try to sell a wholesale deal or would that book give me the insight to at least get a semi estimate of repairs to be able to determine the (Mao)maximum allowable offer for the potential buyer?

Hi Cindy,The general contractor I'm using for construction projects is awesome.

We've got Contractors, Landlords and Investors topics January 28, you can check the link below.