We have a successful rehab company in the Dallas/Fort Worth Texas and are looking to expand and open a branch in the Minneapolis/St Paul Minnesota area.
How much different is the market? Are there flippers looking for high quality/low price GC's in the twin cities? Are there wholesalers in the area? Can you lend any advice applicable to our situation?
I’m not in the twin cities but I am In dfw and am always looking to connect with Good rehab contractors!
There is a lot of demand for low priced GC's. I don't flip anymore, but there are a lot of flippers in the market and a lot of wholesalers.
@Jason Coyle One of the biggest issues you will have with getting a lot of jobs is the fact that our margins are really tight here. Most people are needed to do the work themselves in order to make any kind of profit on a flip.
Originally posted by @Jason Coyle :
@Todd Dexheimer That's interesting and very good to know. Can you give me an example of a deal you've experienced where it didn't make sense to have someone GC the project?
I don't have a specific example, but probably about the last 100+ deals I've looked at wouldnt work very well unless I did most of the renovation myself.
There's also opportunity in the Twin Cities if you want to just be a general contractor for residential customers. We have a high demand right now for that and you would be able to make a lot more money in that space
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing