I’ve noticed that one of the biggest challenges contractors face isn’t finding work. It’s having enough working capital to take on more projects. Between purchasing materials, paying employees, renting equipment, and waiting for customers to pay invoices, even a profitable contracting business ca...
I’ve been thinking about something that doesn’t get discussed enough in the contracting business. You can have plenty of work lined up and still run into cash flow problems. Between paying employees, buying materials, covering equipment costs, and waiting for customers to make payments, there’s a...
Getting close to call for CO on a multi-unit gut rehab and realized that I neglected to use 1 hr fire rated doors for unit entry doors. Just used regular steel entry doors. Is this something that's going to 100% get flagged and need to be rectified? Is there any work around? I've already trimmed ...
An investor once told me he had saved $30,000 on a rehab. Three bids. One contractor came in about $30,000 below the others. Easy decision, right? For a little while. Then came the change orders. Deadlines slipped. Some work had to be done again. The project sat while everybody argued about whose...
Hey my name is Chidi, I’m a new general contractor getting and starting a general contracting business off the ground and I’m currently building out my client acquisition process. My focus is primarily residential renovations, remodeling, and repair work. I plan to work with homeowners, but I’m a...
Hi everyone, I’m based in the Toronto, Canada area and am exploring a move to the U.S., most likely Texas or Florida, through an E-2 investor visa. A little about my background: • I’ve been a licensed Realtor in Ontario for about 10 years and have experience with residential real estate and renta...
Somebody asked in another thread how you vet a contractor when reviews can be bought and references are hand-picked. It's the right question, and most of the answers to it come down to vibes. Here's the version built on records instead, specific to Memphis and Shelby County, because a record can'...
My husband and I are putting in an offer on a 1960s ranch home with a basement. Mostly cosmetic upgrades needed 85k purchase 150k ARV. Our only concern is the basement did have standing water in the corners of the basement. How would you go about fixing that? Our plan of attack is currently to re...
Looking for any recommended contractor that could help with a project in the Avondale/Logan Square neighborhood of Chicago. Full interior gut rehab of a 2-flat. Would very much appreciate any recommendations.
Hi everyone, I’m a contractor from Memphis TN who is investor friendly and I'm running into an issue with real estate investors asking for free, fully itemized estimates upfront. I end up doing a ton of footwork, driving out to properties, meeting tradesman, and spending hours writing detailed li...
Has anyone in the Tampa Bay area worked with Nexus Construction Corp? We are getting quotes for a full rehab and theirs came in with the most value for our budget, but I cannot seem to find too much about them online, except that they do have an active CBC license in Florida...
I realized an inspection report and a contractor scope are not really the same document. The report might mention dozens of issues, recommendations, and “have a specialist evaluate” notes. But if I send that same report to three contractors, I could get three bids covering completely different wo...
We are currently doing a renovation on a property and decide to hire new contractors for a project on a 1960's cosmetic rehab of an apartment. This included - redoing the bathroom, new recessed lighting, new flooring, new kitchen, etc. When we did our walkthrough of the project scope we went over...
I know of a contractor who was very respected in his business. Successful guy. Always busy. Construction, primarily. At any given time he had at least three large projects going. People depended on him. One weekend he went to his country home, as he did almost every weekend. Except this time he h...
Hi all, I just bought a multi use commercial building (2 residential and 1 commercial unit) that was up for auction and have talked to a couple of contractors and handymen but have been told either the address is outside of their scope of work or haven't gotten a response despite multiple texts a...
My building in NYC recently experienced a minor fire that seems to have started from an AC installed by a tenant. Thankfully, everyone is safe, and the sprinkler system appears to have put out the fire before FDNY arrived. When I got to the property, there was a lot of water from the sprinklers. ...
Hey guys I’m looking for local contractors in the Scranton area for small projects who do you guys use and trust?
Looking for advice for contractor over payment. I hired a contracted for a renovation that is still unfinished (15% left to go). After reviewing the invoices, I believe I will have overpaid by about $25,000 by the time the project is complete. He was supposed to remove materials that I purchased ...
The Detroit investor market can be extremely difficult to navigate and manage if you don't have the proper "boots on the ground". I have found a few credible and reliable entities if anyone needs assistance.
Hi everyone, I’m fixing up a condo. We wanted to install a 30-inch slide-in electric range. But there is a metal electrical box sticking up from the concrete floor right in the middle of the range space. Because of that, the range can’t slide all the way back. Because of where it's located, there...
I'm replacing the HVAC system in one of my rental properties (1,100 sq. ft. single-family home) in the Crest Hill, IL area and would appreciate some input. After researching equipment, I've narrowed my preference to a Goodman system based on the balance of cost, reliability, and parts availabilit...
So i just closed on a house that was built in the 70's. The inside is small and in need of a makeover. anybody on here do home renovation in northern michigan? Im in vanderbilt ,mi.
Contractors and Inspectors - what do your usual workflows/partnerships like with end buyers and wholesalers in Cleveland? Curious as to how everyone helps each other out.
Had an inspection come back with some issues on a fix and flip but we want these issues fixed correctly the first time around. Have had some issues with bad contractors.... Thank you in advance for any referrals.