When do you get the contractor to tour the property?

[Jerry Lewandowski]

I found a property I think will work for my first BRRRR investment. I would love to hear feedback on when you get contractors to tour the property. Do you include an option period in your offer and have the contractors come out to quote the job at that time? And do you wait for the quotes before you contact the hard money lender?

[Whitney Hutten]

@Jerry Lewandowski Like Steven, I prefer to have the bid put together prior to the offer.  If not, I'll put the property under contract and get the bid and inspection done ASAP as these are 2 of the 3 critical numbers I need to know if the deal will work (the 3rd being the appraisal if I'm using lending).  While there isn't a specific objection deadline for the contractor, I would use the inspection objection deadline.  Note: on distressed properties, the quicker you can move the more competitive you will be!