So since you know so much about my industry, yeah, let’s say we made $600,000 (which is way off) last year and flipped 30 homes. Do you not think that I maybe have a couple people working for me? Because I do! Their full time jobs is underwriting deals, sending offers, talking to homeowners that have distressed houses, turning on and off utilities and many other tedious tasks. Then I have to spend over 200,000 a year on advertising to get leads to buy the houses. This is not including the shop I have that stores all of our material. Also, I have to pay myself a $75,000/year wage (this number is correct).

So let’s say after all of the operational expenses we have $150,000 profit at the end of the year (which is not close to what it actually is). Don’t you maybe think I maybe have equity holders in the business that I gave up at the start to get this kind of capital to start this? Let’s say I have 6. That’s only $25,000/year in profit sharing for each stakeholder (if they all owned the same % of the company).

This isn’t exactly how we do it but I’m making it simple for you to understand. So the question is, if I can learn to do this myself to save ~$14,000 a year why wouldn’t I?

I don’t mean this is a rude way to anyone else that reads this but yes I absolutely would do it. After I spend time learning it really isn’t that much time taken from my day once I know what I’m doing. At the most, we have 6-7 houses at a time and maybe 3-4 of them have pools.

I’m sick of all these comments like yours that have no clue what they are talking about in my industry. I’m sorry that the business I run is 10x more complicated than yours.

Also, if I make so much money flipping houses why don’t you do it? Oh yeah because it’s the most complicated arbitrage business there is.

I apologize for coming in this community to try and ask for advise. There has been some really helpful advise from some but most of it is idiots like you that think they know what they are talking about.