My goal is to reach financial freedom young so that I can enjoy this life to the fullest, and give my loved ones everything they have missed out on.

A bad contractor can blow timelines and budgets fast.

I really enjoyed presenting my BRRRR property and thank you Gerald for the awesome presentation- really enjoyed hearing how you are making it work in our hometown here.

@Joshua ColeAs far as I know in NC if you plan to rent it, anything beyond cosmetic work requires a licensed contractor.

Happy to answer any questions on it, I’ve really enjoyed it.

I know land can be more difficult to finance, and I’m also a little nervous about the process of adding a manufactured home (utilities, site work, permits, etc.).She is very capable, and her dad is a contractor, so she definitely has strong support.

If you need help finding quality contractors in the area let me know!

Connect with reliable contractors and local agents to close your first few deals successfully and gain momentum.Good Luck!

Yet your contractor will just ignore it and not even put it in budget and it will come up later.When I weigh the risk and rewards of flipping right now, it's not even close. 

For your first flip, you must fully understand and budget for this potential issue.Red Flags ChecklistFor the General Contractor (GC):Delayed Quotes: Significant or repeated delays in providing you with bids and quotes.Poor Communication: Lack of responsiveness or reliable communication.Unreliable References: References that are difficult to contact, overly vague, or seem fabricated.Contractor & Project ManagementPre-Vetted GCs: Have a small list of multiple General Contractors ready to go before you need them.Active Oversight: Commit to visiting the property frequently—at least once a day, if necessary—to monitor progress and preempt issues.Financial & Deal FocusThe Deal-Killer: Be aware that the biggest hurdle in acquiring a property is often the seller's unrealistic price expectation.Conservative Estimation: You must be very conservative with your repair and renovation estimates.Don't Solely Rely on Others: Do not rely only on your contractor's estimates.Collaborate and Verify: Collect as much information as possible from your entire team to form your own final, conservative budget.Realtor Expertise: Your realtor should be a key part of your team, and they must be knowledgeable about the house-flipping business and local construction costs, (hands-on experience).Next StepsThe comment you made at the end of your original note is important and likely requires its own, separate discussion thread to give it the attention it deserves!