Updated over 6 years ago on . Most recent reply
Simple question for Experienced Flippers
I am in the process of finishing up my first two flips. I used a general contractor for each of them. Moving forward, I would like to connect with other contractors who can complete rehab projects for me.
Should I continue looking for GC referrals and use solo GC's? Or should I start looking into Construction companies?
In Facebook groups, I see people referring legit sounding companies to do the GC work. I'm talking about companies with real websites, what appears to be multiple employees, and facebook groups that look credible.
Most Popular Reply
@Spencer Cornelia yeah they will. Bigger companies aren't always better. There's a lot of national home builders who are TERRIBLE. People use them though because they have an awesome sales staff and marketing techniques. Yes, i'm sure that companies that are listed on those sites will do the work. The thing I have noticed in my own dealings with flippers, is that flippers usually want GCs to sign a contract saying they will finish in a certain amount of time, and the flippers have their own terms with paying the GCs. A good GC will not continue working with you if you do this because there's so much work out there right now that they can get a job that will pay just as much as your job without the hassle/stress of extra contracts. The investor side of me gets why you want the extra contracts, the GC side of me hates them lol. A good GC knows that you wanted it done yesterday (everyone a GC works for wanted it done yesterday).
I'd also like to add, that the sooner the GC finishes, the ROI on their time and money is much higher. A 50,000.00 job finished in 2 months vs a 50,000.00 job finished in 3 months, the 2 month job made the GC a lot more money.