Where to find contractor-investors?

Buying & Selling Real Estate
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Where to find contractor-investors?

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Investor · Member since 2026 · 26 posts · 21 votes
Where can I find a contractor to get deals from? I’m an out of state section 8 investor looking to expand my single family rental portfolio. I had this idea where in an ideal situation, I could consistently buy newly renovated turnkey single family homes from a contractor who has bought the home and fixed it up into turnkey condition. I could then purchase directly from them and they could do more projects and I can keep buying from them and grow my portfolio. Just me and the contractor(s). Is this unrealistic or do people like this exist but all the investors already partnered up with them?
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Jaron WallingPro Member
Rental Property Investor · Indianapolis, IN · Member since 2018 · 4k+ posts · 4k+ votes
4mo

It's unrealistic for a couple of reasons. Unless you have established contacts in said OOS market why would any contractor/seller want to work with you?? They would rather sell to local investors with a track record of closing deals. It's no different than the relationships you may or may have established locally. It take boots on the ground, a couple of deals, and great communication to get that flow going. Being OOS is a big hurdle to jump. In my opinion it's multiple jumps. 

You stated you're a sec8 guy. That's a niche and if you're looking OOS narrowing down limits the contractor/sellers you're aiming to find. I would keep an open mind and explore other strategies (in those markets) before pulling the trigger on your next investment. Cheers man. 

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  • Jaron WallingPro Member
    Rental Property Investor · Indianapolis, IN · Member since 2018 · 4k+ posts · 4k+ votes
    4mo

    It's unrealistic for a couple of reasons. Unless you have established contacts in said OOS market why would any contractor/seller want to work with you?? They would rather sell to local investors with a track record of closing deals. It's no different than the relationships you may or may have established locally. It take boots on the ground, a couple of deals, and great communication to get that flow going. Being OOS is a big hurdle to jump. In my opinion it's multiple jumps. 

    You stated you're a sec8 guy. That's a niche and if you're looking OOS narrowing down limits the contractor/sellers you're aiming to find. I would keep an open mind and explore other strategies (in those markets) before pulling the trigger on your next investment. Cheers man. 

    1Reply
  • Kerlous TadresBusiness Member
    Realtor · Columbus, OH · Member since 2023 · 1k+ posts · 1k+ votes
    4mo

    Yeah, those relationships exist, I'd recommend looking on BiggerPockets itself, local REIA meetups, and even just asking title companies or hard money lenders who they see flipping the most in your target market, since those guys usually know every active rehabber in town. From my experience the good ones do get snapped up fast, so the move is to reach out before they finish their current flip and offer to buy their next two or three sight unseen at a fair price, that's usually enough to get a contractor to commit to you on repeat.

    [email protected]614-490-1163
    Kerlous Tadres | Reafco Real Estate542 Reviews
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  • Mike Klarman
    Specialist · NJ · Member since 2022 · 1k+ posts · 662 votes
    4mo

    I get access to completed projects by investors all the time, I can share with you if you wish.

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