Updated about 9 years ago on . Most recent reply
Realtor purchased property & 100% purchase advice on contractor %
Hello-- I am a NM Realtor that has purchase 100% a great property- I have the subs & am looking to turn the property in 3-4 weeks- I have been approached by a local plumbing contractor, that has all of the contacts I would need, to flip the next home,....and the next, etc-
I currently have about 85-90% of the contractors I would need to keep this going- I can stay slower and steady or possibly bring in this contractor, that has his access to everyone ( granted, I will not be paying consumer pricing on repairs). I am not sure where to value him and his crew. I certainly do not want to under value & at the same time, not leave $$$ on the table-
Does anyone in this forum have different step up plans that they put in place? Or, do you think I just need to get my additional 15% help to make myself whole? The homes I am looking to turn, are and would be in a 1st time home buyer New Mexico range, or step up ...Say $150- $200k- Thanks in advance- JF