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Updated 8 months ago on . Most recent reply

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Brandon Blackmon
  • Rental Property Investor
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Rates for a GC

Brandon Blackmon
  • Rental Property Investor
Posted

Hello BP Community,

I want to start flipping homes in my market, and potentially out of state, and I want to know how to budget for a General Contractor. For the first few, having a GC work with me, I think it will allow me to get a better understanding of how to recognize scope of work.

That said, how much are GCs charging for home flips?

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Alan F.#2 Real Estate News & Current Events Contributor
  • Flipper/Rehabber
  • California
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Alan F.#2 Real Estate News & Current Events Contributor
  • Flipper/Rehabber
  • California
Replied

All contractors (no matter the trade) are businesses, and should be run as such. They set their own prices based on scope, cogs, o.h. etc. Their margins are their business full stop. The only people who see my books are my CPA & lawyer.

Don't like a companies prices? Shop around. Companies that know what they're doing don't get involved with the race to the bottom. 

BTW "Unlicensed contractors" are the equivalent of an unlicensed REA.

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