Quote:
Originally Posted by kane
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.
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I know where you are coming from Kane.
First problem is everyone needs to be motivated and have a passion for it. If you don't enjoy doing something, it won't get done.
Seems like you enjoy it, but the others don't.
I bet if they started seeing 100K profit from each one, they would all quit their day jobs and end up having a passion for it.
Best advice to you since you enjoy it most and seem to be the most dedicated. Get rid of the partners, buy a smaller house but make more of the profit. No partners to deal with.