Our contractor resigned before the project was finished.

He says, on average, his expenses over the years have looked like this:Buying costs are generally 1.5% of the selling price Holding costs (utilities, taxes, etc) are usually 1.5% of the selling priceSelling costs are generally 6.5% of the eventual selling price, after repairsHe projects the months required for rehab work (holding time) with the following formula: Rehab cost per square foot, divided by 10 + 2.5 months to market & sell Do you guys think these numbers are accurate?

unfortunately your best best on this one is the "preferred" lender in the community, since that lender has internally accepted the project up to a certain % of units.

By cutting time we cut overhead which allows us to charge less per sq/ft and put more ROI in our Investors pocket which in turn keeps them coming back and reinvesting in new projects.

We've found some projects that could be turned around quickly since they are condos that only need minor work.

We worked on several projects for KB Homes, Lennar, Standard Pacific, and smaller players like Brehm Communities.

I mean some that actually care to buy real estate, and keep it an on going project knows what holding on to real estate means.

So far I help a lot of them but because we having pretty big projects going on right now, I feel that I'm going to need a little more then the contacts I'm having......So I'm really please to be here and hope the best to each and every one of you for this great new adventure!!!

They ask you how this or that project is going.Another way to use this is to set up a inhouse mastermind group.Get together with other agents in your office that have similar interests.

I have read many books, taken a few courses, attended my local REIA, and am working on our 1st rehab project, however I am very shy.