Partnership with a General Contractor

[Ron Dancy]

Hello BP Family! Wanted to pose a question. Have you ever considered or successfully established an partnership with a General Contractor on your deals? 

Meaning; You would acquire the property or deal and the GC provides the rehab budget and Subcontractors to complete the work. In turn the profits are split 50/50 or an agreeable payout depending on the deal split.

What has been your experience? Good or Bad? Comment below⬇️

[Chris Seveney]

Never considered it. What happens if there are cost over runs or the property doesn’t sell for what you thought or it takes longer than it can lead to issues on who should eat the cost. It’s best to hire a contractor to do the work and pay them