SFR Flip in Highland Park, Los Angeles

Rental Property Investor · Los Alamitos, CA · Member since 2019 · 15 posts · 4 votes

Investment Info:

Single-family residence fix & flip investment.

Rehabbing a 110 year old Craftsman style home in Highland Park. Got off to a rough start as the contractor hired by my business partner turned out to be uninsured and was going for change orders right out of the gate. We let him go and the project went dark for several weeks while we found another contractor. New guy is amazing. In less than a week we have a new roof on the place, rough electrical almost complete and 50% rough plumbing done. Making good progress now.

1 Reply

21 views

Most Popular Reply

Robert ChuangPro Member

Realtor · Arcadia, CA · Member since 2014 · 145 posts · 46 votes

Hiring a bad contractor can make or break a deal! Even as GC, we still encounter our subs started being very very good, then after 2-3 jobs they gotten comfortable, they started not showing or not having enough men power to do the job on time. The best strategy is to keep building connections and once a contractor is not performing, being responsive and responsible. We will rotate them out, no job from us for a while then come back to them. It's almost like doing timeouts to babies haha.

Best of luck on your adventure would love to see the end result!!!

2 Reply

See this reply in the discussion

6 Replies

Jump to latestLatest

Sort by

Steve Graves
Rental Property Investor · Lancaster, CA · Member since 2015 · 103 posts · 55 votes
6y
A good and trusted contractor is worth their weight in gold. I had to do a rush job and my regular contractor was too busy to get started on the project. So I ended up hiring an unknown contractor and it turned into a nightmare. One of his crew I found out was sleeping in the unit. More of his crew were sneaking in the property at night and pilfering paint and other supplies. It gets better, the guy that was sleeping in the unit, I found out later, had a sister that could duplicate checks and debit cards. Luckily she wasn't very good at it and it was easy to fight the 5k they tried to steal from my bank account. Needless to say I wait until my regular contractor is ready to start before beginning a new project.
Congrats on getting your project underway smoothly now.
1 Reply
Josh Castellanos
Lender · Los Angeles, CA · Member since 2018 · 27 posts · 11 votes
6y
@Gloria R Lowen Great to hear the project is back on track! Best of luck on the project Gloria.
By the way, I’m always looking for a trusty contractor to help with my projects. If you don’t mind are you able to send me some information on the new contractor you are using?
Thank you!
0 Reply
Dan Schweit
Lender · Santa Clarita, CA · Member since 2018 · 110 posts · 48 votes
6y
Glad you were able to get back on track, sounds like a stressful several weeks. The other pics of the project on you other post look great, good job. I sent you a PM btw if you have time. Good luck with finishing up!
0 Reply
Robert ChuangPro Member
Realtor · Arcadia, CA · Member since 2014 · 145 posts · 46 votes
6y
Hiring a bad contractor can make or break a deal! Even as GC, we still encounter our subs started being very very good, then after 2-3 jobs they gotten comfortable, they started not showing or not having enough men power to do the job on time. The best strategy is to keep building connections and once a contractor is not performing, being responsive and responsible. We will rotate them out, no job from us for a while then come back to them. It's almost like doing timeouts to babies haha.

Best of luck on your adventure would love to see the end result!!!
2 Reply
Gloria R Lowen
OP
Rental Property Investor · Los Alamitos, CA · Member since 2019 · 15 posts · 4 votes
6y
Hey thanks for the responses. I was trying to update the posting I made back in the fall. Seems I ended up making an entirely new post! I would appreciate tips on how to update an old post. That said the update is that the house is listed now and responses from the open houses this past weekend have been positive. We have one solid offer and are waiting a day to see what else comes in.
0 Reply

Join the conversationCreate a free account to reply, vote on answers and follow this thread.