Flipping for Newbies
Hi guys! I'm fairly new to all of this. Basically I'm a real estate agent thats found herself an opportunity to partner up with cash lenders and get into flipping. The guys I'm working with own a successful software firm and are looking for a side hustle. Here's where I come in. They have the capital, and I'd be acting as the representative/ going out and finding deals. I am by no means a contractor, and I have no idea how to determine what rehabbing costs would be (ie. renovating a kitchen, refinishing floors, etc). At least not to the specific extent my partners would be looking for. My first thought was to bring in a contractor that would be willing to check out the house and give me an idea of what the work would cost. All of the people I know that flip houses are either contractors themselves, or are capable of doing most, if not all, of the work. Anyone have experience with this? Or possibly some advice as to how to go about it?