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Rehabbing & House Flipping

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28
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Anita Effendi
Pro Member
  • Realtor
  • Corona, CA
9
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28
Posts

Need insight for reliable contractor

Anita Effendi
Pro Member
  • Realtor
  • Corona, CA
Posted Feb 3 2018, 13:08

Hi BP Members,

Looking forward for some insight for newbie fix and flipper:

Do you hire 1 company or manage several different contractors? 

Which is cost efficient and time efficient? 

Do you 1099 them ? Do they sign lien waiver ? 

Do you care if they have license or not ?

What is your turn around time to flip a home ? Normal homes probably 3bed-2bath-1500 sqft?

I am fairly new. The first three projects, I used non-license contractor. Their turn around time varies between 3-5 moths. The last two current projects, the contractor claimed that he has license, turn out to be 'false'; he use another person license (and pay him a fee). He never finalize his work and took the money (in one project, he did 95% of the work, another project he did 70%).

Looking forward to everyone's input. Thank you again!

Anita | Corona, CA 

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