Choosing your contractors & estimating rehab costs
A very common question around BP Nation is how to choose contractors and where to find them. Moreover, so many newbie investors ask how to estimate the costs to repair the property to bring it to the highest market value possible. So I would like to start a discussion here to address these issues and do so by asking the you all these questions based on the following criteria:
Criteria #1. You are a newbie (never flipped a single property before), your feet are wet and you have flipped 1-2 properties, you are a novice flipper and have flipped 3 or more.
Criteria #2. You have a job and can not be at the flip too often (especially during the normal construction hours), or you can be at the flip as often as needed.
Criteria #3. You act as the owner builder and hire each individual sub contractor or you hire a general contractor.
Based on the criteria above, how did you experienced flippers select your contractors and estimate repair costs vs how do you newbie and novice investors propose to do so?
Let the games begin . . . .
Most Popular Reply
Julie Marquez It is my full time hobby. It's not a job if you enjoy it!
21-24 days, sometimes 30 days dependent on weather and inspections. I've done a few faster then those times. And yea full rehabs.
2015 we did 74 houses on BT. 2016 we did 62. I also did about 5 extra for a friend in 2016 but did not use BT.