Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago, 04/25/2018

User Stats

59
Posts
23
Votes
Erik Pfundstein
  • Rental Property Investor
  • Manchester, NH
23
Votes |
59
Posts

When do you bring in contractor?

Erik Pfundstein
  • Rental Property Investor
  • Manchester, NH
Posted
Hi guys im looking to BRRR in near future as a first investment purchase, most likely 3-4 plex. When im looking at properties on zillow, etc (not yet using a local realtor but i will be for MLS) sometimes all you can see are pictures of the outside. I know Brandon on the podcast mentions he usually wont visit a property until after in contract. As my first purchase i will see it myself. But Since i wont be a good judge at estimating rehab costs, how can I come up with a good offer based on rehab needs? Does anyone in here go see the properties with a contractor prior to making an offer? I feel like that is a waste of time for contractor and he probably wont do it more than once. Or do you give it a wild guess and hope to not be too far off, renegotiate during inspection after an accepted offer? What if the number is far off and u need a major renegotiation? How does the conversation with a contractor go, do you always have them use their guys for the work? I feel like i have a good grasp on a lot of the process except the dealing with contractors part... Thanks appreciate any info. Erik

Loading replies...