" Is it ok to only make $11K net on a house". LMAO, that I guess IS what I am doing. Mainly because I just made 20k (before taxes) in 2 weeks by buying, fixing, selling 2 water trucks. We buy/sell anything we can make $ on.
$11k net is nothing to sneeze at. I guess I am mainly just unsure of labor costs, General contractor costs. I’d love to get to the point of… starting! LOL. no, I’d love to get to the point of having crews to do all the work, even with a general to do most theoverseeing. I’m just unsure of costs. I guess I need to take a potential rehab offered by a wholesaler that is on a lock box,. and get a few contractors to bid the job. Even if I didn’t buy that house, I’d get a feel for what the contractors would charge for it, and, I’d have some contacts made with different contractors to see who’d work. DUH! rolleyes It took until now to figure that out! DUH!
I’m so scatterbrained right now and overscheduled with several businesses and a 2 year old. My husband and I had a long talk about our goals for life/career and realized we have WAY too much going on. SO, were trying to sell off 2 of our online businesses and considering part time child care and a cleaning lady 2x/mo so I can concentrate on the RE business and my husband can go legit with our side business of flipping cars, rvs, equipment.
I have spent probably 20 minutes just to type that. I am so stressed and streched thin I can’t seem to get ANYTHING DONE. I know these are all just excuses though and people with tougher situations than mine are managing to do it. I guess I just need to get going and make some offers, and on the way, get organized and keep learning, and all those other things I am trying to do FIRST.
Thanks for your input guys, It’s so true, 93 posts now and nothing. AND, I’ve been "researching since OCTOBER 06! :(. I just need to send out those letters to all those frigging addresses I drove around for hours to get. But alas, I allow myself to get bogged down by “the next bitchin thing to hit my doorstep” which currently is a SUPER LOW price on a business rental that is PERFECT for my husbands buy/sell buis. But wait, how long exactly does a letter to a homeowner take!
ok, long enough on a POST AHHHHHHHHHHHHHHHHHHHHHHHHHHH. Could have wrote a letter to HO in that time. AHHH GOttta go get my daughter.
Thank you all!