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Updated about 6 years ago,
Rookie RE Investor - Contractors
Hey I am a new RE investor. I am in the process of getting my first rental property under my belt and was wondering how did many of you go about dealing with contractors in the beginning? I am located in Springfield, MO.
Let's say for example, the property needs new floors or new cabinets.
Did you try and save money and do a DIY project at the local Home Depot and put in the sweat equity? Did you call around for local contractors and have them come see the property and compare multiple estimates? Should you have a contractor with you during a walk-through inspection? Are there certain websites that you trust more than others for finding contractors? How do you negotiate terms with these contractors?
I feel comfortable with the financing and landlord aspect of the property, just wondering how to go about the actual rehab process. Let me know!
- Steven May