Flippers who are ignorant to rehab techniques

[James McGovern]

I ran across an inexperienced flipper who is being exploited by their contractor and wonder why more gurus don't educate others on how to approach rehabilitation of properties and giving them a sense as to what they should be paying for certain jobs. In this scenario the flipper did get multiple bids but otherwise the contractors knew they were noobs and gave them very high quotes 

[Matthew Paul]

Thats how the inexperienced gain experience . If they got multiple bids and all the quotes were " high" than that would be what the job was worth . 

Contracting is a business , but a good part of that business is salesmanship . You dont sell the steak , you sell the sizzle . Maximize your profits while providing a quality job . It really doesnt matter to the contractor if you are an investor , a flipper , or homeowner . The contractors material and labor costs remain the same .  

The buyer should have a idea on their numbers BEFORE they even put the property under contract . If they dont buy right , they have lost from the start . 

The last person to make money on a flip is the owner , if they know their numbers they make good money , if not they lose . Regardless , the agent makes their commission , the contractor and their subs make money , and the bank makes theirs .