To the Flippers, what systems seems to work for paying your contractors?

[Dyryl Burnett]

Hello All,

I'm curious to learn ones (contract/payment) systems/approach when it comes to hiring contractors (be it a general contractor or subs) and paying them for their services. I'm in Chicago, and there are SOO MANY "quick & cheap" contractors, that its overwhelming. 

I'm looking to start out with buy and holds, but I WANT to find units that need rehabs as I want to eventually:

1. Step into Fix and Flips

2. Purchase properties that need to be rehab.

3. Create my OWN contractor staff/team. 

Would love to hear some wisdom on this topic! 

Thanks,

DB