Because then you end up doing more and more and more, to the point where you've blown your budget and your time schedule and you'll most likely end up with a loss.

A lot of people use 10% of revenues as a budget number.

It will not cash flow because you do not have repairs budgeted in.

That'll be worked into every rehab budget from now on for sure.

Does the general take care of hiring licensed subs and obtaining work within a budget I allocate him?

Total Click Through Visitors: 136Converted Visitors: 89 ROI: TBD (one converted visitor will pay the monthly expense; anticipated ROI on 89 is in excess of 250K)PPC works so well that I'm increasing by marketing budget for Adwords to approx. 60% of my overall spend.

By no means, dont take it as " I'm rushing ", I have a strict budget, and will be followed.

Property taxes are used to confiscate wealth to pay for items where there are laws that MANDATE balanced budgets.

So flipping properties is an easy way to make huge winfall profits with little to know work..... yeah, I love those shows, but they are tv and are edited for entertainment purpouses. they dont always show all the details.... but with those types of flip you are actually doing something, even if just mowing. even with the eBay people who do similar things with stuff they get at estate sales (my mil does this with fabric), they are doing something with it, even if just makeing it look pretier (wash it) and make it avalible to a wider audience.

I know it's a little stressful when your first project runs over-budget and over-schedule (but you know, they almost always do one or the other, if not both).We finished up one last month, we're wrapping up another in about 2-3 weeks, and we've been actively looking for our next project.Like you said, it's so rewarding to turn a "dump" into a "dream home."