Updated over 1 year ago on . Most recent reply
Books or Advice on managing contractors/renovations
Currently learning as much as I can on long distance investing. Area i'm lacking in is estimating repairs and experience for managing contractors for a value add property when not doing it in person. Any books/recommendations is appreciated!
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I do not think books will help that much to be honest. Will have to learn on the job, or partner up with an experience investor to learn from him.
I also lack experience in estimating repairs since i have only done couple of flips, but:
1. Talking to several contractors will give you an idea if someone is overpricing or not.
2. Definitely asking a lot a question to contractors
3. Reaching out to investors in the area to get their input.
When it comes to rehabbing, you have to be there physically or hire someone to oversee. Cant just trust contractors
Sorry not a straight forward answer i know :(