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Updated almost 6 years ago on . Most recent reply

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10
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Buck Savage
  • Investor
  • Tallahassee, FL
1
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10
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Tallahassee Contractors

Buck Savage
  • Investor
  • Tallahassee, FL
Posted

Trying to get started in RE investing in the Tallahassee, Florida market. Do any current local investors have experience with any quality, and more importantly, eager/hungry contractors that want to get the job done???

I ask this because i have now spoken with three different contractors, walked the property, and discussed proposed budget and repairs with them. None of which have come back with the much needed bid as of yet. (This has been over the course of a month) I even told the last contractor that at this point, I will more than likely award the job to whomever submits their bid to first. 

The construction here is busy, but i don't understand why I can't obtain a bid at least. I would like to connect with a contractor that I could likely use and have on my team for future endeavors. Any references for an eager contractor would be greatly appreciated. Thanks in advance!  

Most Popular Reply

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62
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48
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Mike Conner
  • Investor
  • Tallahassee, FL
48
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62
Posts
Mike Conner
  • Investor
  • Tallahassee, FL
Replied

Hey Buck,

I work in the construction field here in Tallahassee and know that as you said construction is booming. You probably already know this but there are three different types of "general contractors" RC-Residential Contractor, BC-Building Contractor, and GC-General Contractor. In FL, the RC can do all of the residential work besides items that require a specialty license like pools. The BC can build up to three stories and the GC can build above 3 stories. With that being said I'd look up some residential contractors instead of GC as insurance requirements are lower for residential and therefore their quotes should be lower...should. 

As far as why it's hard to get a bid, from the contractor's point of view we bid the work we can make the most money on. So if your rehab is a $4k job with 20% markup and there is an abundance of $50k work at 20% they won't use their time pursuing your job. 

Just my two cents.

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