My First BRR deal!

[Yong Lai]

I just got my first BRRR deal accepted in North Richland Hills! Excited but also nervous about the rehab work needs to be done. It has a basement in Texas! I was worried about the flooding as it happened last August. My agent told me it was due to a sump pump malfunction and the seller replaced it with 2 pumps. The basement is unfinished and the whole house needs an inside out rehab, replacing the floor, knock down some walls, redo the bathroom, drywalls, etc. I have a contractor saying the work can be done in 1-2 month but I am not sure. I am planning to have a couple of contractors coming to give me bids on rehabbing. Learned from David's book, I think I need itemized list from each bids. How's everyone's experience with having contractors bidding and giving itemized bids? Any good suggestions on finding good contractors on your first BRRR rehab? I am also open if anyone has good contractors to recommend. Thanks!

[Nathan Harden]

Congrats!

When it comes to getting bids on a property always keep in mind what your goal is. If you're trying to have it done as soon as possible, then it probably won't be the cheapest. If you want it done the cheapest then it usually won't be done quick or very quality.

That being said, welcome to real estate investing!