Quote:
Originally Posted by CyberAge-Dave
4 Partners is hard to deal with. I have one Partner, same partner in all my business's. We just work out as Partners. I know a lot of people don't do well with Partners. Getting 4 peoples opoionion on a remodel is tough. He lets me do whatever I want on some of them, and I give him the green light on how he wants to do them. But I agree, it's fun when you can sell off the final product and be proud of what you built. And as a reward, you get a profit at the end of the day.
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Our major problems came around once we had out main ideas planned out. We got the house and started with a bang. In one weekend we all agreed on how the new layout, colors, upgrades etc would be done and did all the demo that need to happen for us to do this. Then people just started getting lazy. I was the only one that was self employed so it seemed like most of it got dumped on me to handle since I could be free during the day.
The hardest part was just getting people motivated to get in and work on the house. We got a deal where we had no payments for 90 days. We wanted to have the house done and sold in that time. After the first weekend I think everyone started feeling like we had plenty of time so they dragged their feet and always had reasons not to work. In the end it actually took us 4 months to flip it, but had people been motivated it could have happened in 1-2 easy.