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Updated almost 9 years ago on . Most recent reply
Finding investors
Reaching out, what is the best way to find investors that are looking to hire contractors. Is there a website dedicated to that? Just starting out any advice would be helpful and greatly appreciated.
Most Popular Reply
Hi Todd
Welcome to BP. I'm an active contractor and investment real estate broker. Most of the jobs I get on the contracting side do not come from investors. It would take a big-time investor to keep a construction crew rolling and most heavy hiting investors go into the business already connected and/or partnered with a contractor. My company does quite a bit for investors at a rate of 3-5 re-habs a year plus maintenance. Most of our work on the contracting side comes from renovation loan referrals from local banks who I have established a relationship with. We also suppliment our customer base with leads through homeadvisor. Homeadvisor is a good resource for us becaus our 5 star rating gives us an edge and I can turn off the leads whenever I'm booked up and back on again when I'm about 30 days from finishing my last project.
Another tid-bit is investor's are generally looking for a deal on re-habs. This makes surviving off of investor related work a job in itself. If I wasn't making money as a property manager I wouldn't be able to afford performing maintenance at rates that would keep investors happy.
No offense intended investors.....I love you :-)
Good luck man!
Andries