Hello All,My partners and I are looking for reliable licensed contractors to work with us on flips in the near future. We'd like to get recommendations of reputable contractors in the MD and DC area. We all know how e...

Statistically DM response is 3% average depending on the list you use that can be higher or lower.

Depends on your investment strategy.

It all depends on traffic , road conditions , and time of day or night .  

With that amount of $ 8 do not see you making $150K + in your first year as with that much $ you could probably get 3-4 deals a year done and this can vary depending on your construction experience Look at it this way, if everyone had $20k and could make $150k+ a year either everyone would be doing it and/or there would be no deals left.

@Marnu VanNiekerk - it depends greatly on price and location.

They were great, but it would depend on who you got that day.  

And as many have said it depends on the auction terms.  

@Ali AllenMost likely it is a structural issue and if it's on a crawl space depending on what needs to be done it could be very expensive.

I have been pretty happy with selling houses with financing, I get an initial return of 10 to 12 percent, and then depending on when it pays off the returns could be as high as 30 to 40 percent annualized.