Jon Steingraber

So, you know, I always, a lot of people ask me because, you know, I do have a coaching program for New Jersey students only.

So, you know, I always, a lot of people ask me because, you know, I do have a coaching program for New Jersey students only.

No, just Jersey.

No, just Jersey.

They can go to flipwithjohn.com.

They can go to flipwithjohn.com.

Yeah, so I always tell my students when they go, well, how do you do it and what do you pay people? Well, it depends on how many deals you're doing. If you're doing one deal a year, you're going to probably pay a project manager a higher percentage of the profit. If you're doing 10 or 15 flips a year, then you could do a smaller percentage of the profit, okay?

Yeah, so I always tell my students when they go, well, how do you do it and what do you pay people? Well, it depends on how many deals you're doing. If you're doing one deal a year, you're going to probably pay a project manager a higher percentage of the profit. If you're doing 10 or 15 flips a year, then you could do a smaller percentage of the profit, okay?

What I've done recently is just pay a flat fee, right? So they're actually getting paid to do that job and it depends on the scope of that job. So it'll be anywhere between like $10,000 to $20,000 flat fee, but then they're managing all the subs and doing all that, right? Yeah.

What I've done recently is just pay a flat fee, right? So they're actually getting paid to do that job and it depends on the scope of that job. So it'll be anywhere between like $10,000 to $20,000 flat fee, but then they're managing all the subs and doing all that, right? Yeah.

So you, I mean, if you're making a hundred grand and you're paying them 15, then you're paying them 15%, right? That's right.

So you, I mean, if you're making a hundred grand and you're paying them 15, then you're paying them 15%, right? That's right.

Yeah.

Yeah.

So number one is having the most detailed scope of work you possibly can. And that includes pictures and videos. Right. So I do a Matterport of the before and I'll literally sit in my house for a few hours going through the whole entire Matterport. And for those of you that don't know, Matterport is just like a 3D tour of the property.

So number one is having the most detailed scope of work you possibly can. And that includes pictures and videos. Right. So I do a Matterport of the before and I'll literally sit in my house for a few hours going through the whole entire Matterport. And for those of you that don't know, Matterport is just like a 3D tour of the property.

And I will write down every single little thing that needs to be done.

And I will write down every single little thing that needs to be done.

okay everything by room and by trade i you know i categorize it then step two is going to i do 24 phases each phase is one hour so i go okay what's going to be done in phase one right demo cleanup you know depending on what you're doing we're taking down the fence we're throwing this out everything if you have a flagpole that's rusted we're taking that out you take that down

okay everything by room and by trade i you know i categorize it then step two is going to i do 24 phases each phase is one hour so i go okay what's going to be done in phase one right demo cleanup you know depending on what you're doing we're taking down the fence we're throwing this out everything if you have a flagpole that's rusted we're taking that out you take that down