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I think either a bartender or waiter/waitreess would provide better money (especially classier places). Not to mention it's a way to meet and network with other people. I know some people can make good tip money especially when you consider the hours they work.

Todd

All good advice, let me add a lot depends on how much construction knowledge you have ( or think you have :oops: ) . If you don't know details get a general contractor, or be prepared to to be able to answer a lot of questions.

Todd

Thanks John, didn't think there would be a clear number. With all the variables it's more of an art than a science I suppose. It would make sense to have as many people as you can get at an open house simply to get a more accurate opinion of its value.

Thanks, Todd

Here my question. Is there a number below market value that would enhance the likelyhood of a 30 day sale. I know it depends on the market. But is there a number where there's a turning point in a buyers interest. Perhaps 90%,80% or 70%. My goal is to have a quick sale so that my holding cost are keeped to a minimum. I think I would forsake some profit in trade for the reasurance of a quicker sale. What do think?

Thanks, Todd

I agree everything should be in writing. Who writes up this stuff, lawyers or the parties involved and then "gone over" by a lawyer. Are there standard forms or contracts?

Do some investors want a given return on their money based on amount put out over a given time period rather than a percentage of profit?

Thanks, Todd

Hi all, I am new to this. Here's my senario: I want to rehab a house and sell for a profit (duh), anyway my backer would finance the project and I would get the work done using myself at times but mostly with subcontractors.

So how would the profit (assuming there is a profit :shock: ) be split typically. Are we talking 50/50, and do I pay myself for the time actively working on this project before profit is split.

Thanks in advance for your replies, Todd

Thanks for your replies and encouragement. I am looking forward to using the resources available on this forum. I have met some people who have expressed an interest in backing me. Just need to learn how best this is all done.

Thanks, Todd

Hi all just found your site a few days ago. Have already learned much. I am 45, married with two children. I have had my ups and downs in life. My ambition is to get into rehabbing houses and sell them for a profit. My strong points are 25 years of construction expirence and I have about 100,000 dollars in equity in my home. I have had finacial problems so my credit isn't the greatest. Any advice is appriciated.

Thanks Todd