Hello all, when finding a general contractor for rehabs, what are the main qualifications that you look for a contractor should have? I am not totally up to snuff on what repairs/materials should cost and am totally relying on the contractor to be upfront and honest. I will be meeting with a few in the next week to "qualify" them and to hopefully find a couple that I can start a long positive business relationship with. Thanks!
Definitely ask for referrals and verify them.
Thanks Nick, I agree.
you could always do a background check on them as well...
First most ask for referrals. Ask if you can visit their current job. And ask for two quotes. One with material and the other without the material just labor.
Thanks all for your input! Is it wise as well to pay for all of the material yourself and you just pay them for labor? Or do you have the GC buy the material too? Thanks
I would educate yourself on material and labor costs by calling / interviewing subs first. If you don't know what things cost you will get played hard
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@Barry Tuia to answer your last question, it depends on you and the contractor. When I started out, I did my flips acting as my own GC and I hired each individual sub. Even though I did not know exactly what I was doing, I learned a lot and was lucky enough to be doing it in a prime market where I couldn’t go wrong. I purchased my own materials, set up accounts with Home Depot, Lowe’s, and other materials suppliers, and hired out labor. In some cases, when you have a good contractor, they can get pricing much better than you can. For example, if I was your contractor and this project was local to my area, I could likely get the labor and materials completed for a price that would be equal to or less than what you could get it for on your own and then you would, in essence, be getting an experienced project manager/contractor to handle all the aspects of your rehab project for relatively the same price. That said, this is not easy to find, particularly when you are starting out.
So, my advice is to decide how active you want to be in this and future projects, then base your decision on that. If you wish to be heavily active, I suggest you go down the road I did so you can not only learn, but potentially make more money by saving on some costs.
Some contractors will not do labor only and will only do the job if they provide the materials so keep that in mind to.
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