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Updated over 1 year ago on . Most recent reply

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33
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Joshua Jones
12
Votes |
33
Posts

Combo PM/Rehabber 10%/9%

Joshua Jones
Posted

I'm new to investing and looking to use cash to buy distressed properties to BRRRR.

Keep in mind I know nothing of contracting, costs, General Contractors, laborers etc.  I can run a business, do sales, marketing, systems etc.

I've found a few companies here in Indiana that are like one stop shops.  They are agents, PMs, and act as GC for the rehab.  One in particular charges 9% on the rehab portion.  Seems fair to me, especially with my lack of knowledge, lack of contacts, etc.

I'm looking to purchase mainly $25k-$75K properties for cash that are severely distressed and need full rehabs.  Even if the total rehab is $50k, then I would only be spending an extra $4500 for this company to act as my GC ( I assume).

But having one point of contact for my Core 4 (minus the lender) seems enticing.


But I imagine I'm paying a premium of some sort for having one company act as my Go To for everything?

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