Unlicensed & Uninsured Contractors

[Noel Coleman]

I walked a property today for a flip with a contractor who I really liked and he seemed like he is really knowledgeable. But then learned he's not licensed and insured. Now I'm really torn, but think it just has to kill it for the issues of risk. Any thoughts on this? 

[Chris Seveney]

Quote from @Noel Coleman:

I walked a property today for a flip with a contractor who I really liked and he seemed like he is really knowledgeable. But then learned he's not licensed and insured. Now I'm really torn, but think it just has to kill it for the issues of risk. Any thoughts on this? 

 Yep kill it. If they will "cut corners" by not getting licensed, how well will the quality of work be? My rule of thumb when walking with contractors is if they talk more about themselves and past projects compared to what they will do on this project thats a hard no.