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Jeff Johnson's profile image
  • Professional
  • from Saint Charles, Illinois
  • Member since Jan 1, 2016

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Jeff Johnson's profile image
  • Professional
  • from Saint Charles, Illinois
  • Member since Jan 1, 2016
Jeff Johnson
  • Professional
  • Saint Charles, IL
0
Votes |
3
Posts

Real Estate Broker who is a general contractor. Helpful or not?

Jeff Johnson
  • Professional
  • Saint Charles, IL
Posted Feb 2 2016, 13:37

Hello Everybody, I'm new to the forum so please excuse any accidental breaches of posting etiquette. I am an aspiring investor in the northwest suburbs of Chicago and a professional and business owner in the residential construction industry.

I am currently working on my real estate broker license and it has occurred to me that it may lend itself well to my current profession.

My question to all of you is: would a real estate broker acting mainly as a buyer's agent who is also a general contractor be useful to you? There are several advantages that I can see such as: only being shown properties that are good candidates for rehab, being given an estimate for rehab costs on the first walk through instead of endless visits with multiple contractors, receiving before and after rehab comps on the first walk through, and having a contractor who understands what the market is looking for. At least in theory I would be able to take your entire budget (including purchasing costs and rehab costs) and based on that budget find the property and prescribe and perform the rehab work that will get the highest ROI.

In short, would a one stop shop realtor and contractor be useful? let me know your thoughts/advice/criticisms.

Thanks,

Jeff

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