Real Estate Agent · 901 Market st Suite 3065 Philadelphia, PA 19107 · Member since 2021 · 71 posts · 37 votes
Hey BP,
I am a young investor that is looking to dive into flips and rentals in the Philadelphia area. I was to start assembling a team together and am looking for any recommendations of contractors that will offer a little bit more hand-holding, as I am still fairly new to this process.
Contractor · Philadelphia, PA · Member since 2020 · 40 posts · 37 votes
4y
I started as a real estate investor in Philly, but was disappointed with the GC's a subs I was finding. As a matter of fact, far too many these days don't write contracts or stick to their price commitments after the project is well underway. Some of them even walk off the job, even after they pull permits and are technically responsible for the work.
After much thought, I decided to become a GC and mange all aspects of my investment rehabs myself. Then I was getting requests from other investors to help with their homes, so I did.
Contractor · Philadelphia, PA · Member since 2020 · 40 posts · 37 votes
4y
I started as a real estate investor in Philly, but was disappointed with the GC's a subs I was finding. As a matter of fact, far too many these days don't write contracts or stick to their price commitments after the project is well underway. Some of them even walk off the job, even after they pull permits and are technically responsible for the work.
After much thought, I decided to become a GC and mange all aspects of my investment rehabs myself. Then I was getting requests from other investors to help with their homes, so I did.
Investor · DC/MD/VA/PA/NC · Member since 2019 · 20 posts · 5 votes
4y
I'm also in the market for GC's or subs in the area. I have a flip in Delco.
@Robert Gorra - I've had a similar experience where I've had a really hard time with getting GC's to even give me an estimate, and the few that have have been way overpriced (ie, they want me to put in $20k of cabinets in a budget flip) or have had their prices go up by about 40% and still not give me a firm price when I try to nail down the scope of work. I am also leaning towards GC'ing it myself, so I'm using an architect to draw up plans, and I'm looking for subs. I'd love to chat with you more about the process.