Investor · Downers Grove, IL · Member since 2015 · 1k+ posts · 955 votes
Good day BP! I thought I share my story here. I met my contractor via BP, and even though we went over budget and over time frame, we both made some money in the end.
Net profit: $25,500 for both parties. (after both closing costs, realtor fees, attorney, title insurance etc)
Since I still have several projects with them, I will withhold good and negative comments! I think both parties learn more about one another and grew in the process.
More importantly, the homeowner is very happy to be there!
If you've any personal questions, send me a PM. I'm looking for the next project!
Awesome job Chris. You and your contractor got the finishes just right that's what's moving out here in the Chicagoland market! Assuming you stayed in our market in the suburbs!?
Thanks. We put in way high end finishes, another reason why we were over budget. In fact, we got multiple offers with final price way higher than our listed price. But appraisal didn't come back and we had to renegotiate.
What exactly did the contractor bring to the table to earn half the profit if he got paid in full for the work? Hire another contractor and keep it all.