Flipper/Rehabber · Cleveland, OH · Member since 2023 · 5 posts · 5 votes
G'day! I'm new to BiggerPockets and wanted to introduce myself. I'm semi-new to real estate investing with 3 renovated rental units currently in my portfolio (moved back to the USA at the end of 2021). I'm an entrepreneur at heart with a background in finance & business. I'm interested in buy & hold, fix & flip, and build & flip, and would like to make connections with values drive hardworking people in the real estate game. The biggest challenge for me to date has been finding investor friendly, honest, and capable general contractors so I can scale. I know they're out there, just haven't found them yet. Any referrals would be amazing. Keep on keeping on!
Welcome to Cleveland! I have a contact for you if it is on the west side. A lot of issues with contractors stem form that the good ones are busy! If you ever have questions or would like to talk market shop let me know!
G'day! I'm new to BiggerPockets and wanted to introduce myself. I'm semi-new to real estate investing with 3 renovated rental units currently in my portfolio (moved back to the USA at the end of 2021). I'm an entrepreneur at heart with a background in finance & business. I'm interested in buy & hold, fix & flip, and build & flip, and would like to make connections with values drive hardworking people in the real estate game. The biggest challenge for me to date has been finding investor friendly, honest, and capable general contractors so I can scale. I know they're out there, just haven't found them yet. Any referrals would be amazing. Keep on keeping on!
I have extensive experience ( doing about 150k a month in reno/ repairs, about 500 property transactions. ) I have about 25 contractors, more than happy to help
Finding an investor-friendly, honest, and capable general contractor can be a challenge, but here are some tips to help you:
Ask for referrals: Ask other investors or real estate professionals for referrals. They may have worked with contractors who fit your criteria.
Check references: Before hiring a contractor, check their references. Contact their previous clients and ask about their experience working with the contractor.
Look for experience: Look for contractors who have experience working with investors and understand the unique needs and timelines of real estate investing.
Get multiple bids: Get multiple bids from different contractors to compare pricing and services.
Trust your gut: If something seems off or you have a bad feeling about a contractor, trust your instincts and move on to someone else.
Remember, building a strong team of professionals is key to success in real estate investing. Take the time to find the right contractor who can help you scale your business. Good luck!
G'day! I'm new to BiggerPockets and wanted to introduce myself. I'm semi-new to real estate investing with 3 renovated rental units currently in my portfolio (moved back to the USA at the end of 2021). I'm an entrepreneur at heart with a background in finance & business. I'm interested in buy & hold, fix & flip, and build & flip, and would like to make connections with values drive hardworking people in the real estate game. The biggest challenge for me to date has been finding investor friendly, honest, and capable general contractors so I can scale. I know they're out there, just haven't found them yet. Any referrals would be amazing. Keep on keeping on!
Hi Simone, welcome to BP! The fix and flip strategy can be a profitable venture if you've done everything correctly. You may want to make sure that you follow these top 4 tips that I have:
1. Do your research - Before purchasing a property, make sure you conduct thorough research on the location, the property's condition, and the potential cost of repairs. This will help you make an informed decision on whether the property is a good investment.
2. Know your renovation budget - You don't wanna overdo or underdo a property. Focus on the right improvements that will add value to your property.
3. Know your after repair value - The goal of flipping is to make money so you have to make sure you're not covering your all-in cost and you're actually making a profit
4. Time your sale right - When the market is favorable and the demand for housing is increasing, that's the best time to do it. This can help you avoid having to list your property for too long. Hope this helps and best wishes to your real estate journey! Looking to purchase my first property
G'day! I'm new to BiggerPockets and wanted to introduce myself. I'm semi-new to real estate investing with 3 renovated rental units currently in my portfolio (moved back to the USA at the end of 2021). I'm an entrepreneur at heart with a background in finance & business. I'm interested in buy & hold, fix & flip, and build & flip, and would like to make connections with values drive hardworking people in the real estate game. The biggest challenge for me to date has been finding investor friendly, honest, and capable general contractors so I can scale. I know they're out there, just haven't found them yet. Any referrals would be amazing. Keep on keeping on!
I was in town last week, picked up 9 more doors, and brought on 3 more crews, so about 15 more guys. Nothing I do not know about all of the Cleveland markets as I have done about 500 out there., happy to recommend.