Contractor Open House

1 Reply

Question- anyone ever hold a “contractor” open house (so to speak)? I’m thinking of inviting multiple contractors to a flip property to walk everyone through at the same time. As well as explain same scope to everyone. Seems like it could be efficient and make sure everyone is bidding the same. And maybe create some competition for better pricing. Anyone see any drawbacks to this approach? Thanks all!

Updated 10 months ago

Update- I have decided against this as it may work for me but, would most likely create issues for any contractors that may be bidding.

This is something that I used to recommend doing, back when the market was better for investors (and worse for contractors).  Basically, back in 2008-2013, investors had a lot more leverage when it came to hiring contractors than they do now, and any investor who tried to do this would likely find that they were alienating potential contractors and this strategy would backfire.

Long story short, in a hot market, this won't work well.  When the market changes and investors have the upper-hand again, I like this method of finding contractors.

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here