Process and Contractor help in the Deal Analysis Phase
Hello BP community! I just started an LLC with a few real estate investors and all of us have minimal real estate experience other than owning our primary residences. We are looking at our first investment property in the north Minneapolis area which needs a bit of TLC including fixing a crack in foundation of the house, and light remodel work. I understand BP has resources on this but is it better to just work with a general contractor or a contractor for each individual item that needs to be fixed or renovated.
Also, When it comes to getting the analysis complete of how much in repair costs to factor. Should I try and have a contractor with me when I am first looking at the house( seems costly to a contractor if the seller doesn't accept my offer) or should I record everything with pictures and send to a contractor after?
Thank you for your help!
Leticia Montoya