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Updated over 4 years ago,
Finding a General Contractor for an initial walk through
After spinning my wheels on the MLS looking for my first duplex house-hack (that could cashflow even a little bit), I've changed my strategy and am considering going through a wholesaler.
Being that deals through wholesalers are first come first serve, speed is key. With this in mind, I understand there is no 'due diligence' period and therefore an assessment of what work (if any) a potential property may require, needs to be determined quickly; ideally on the initial walk through of a property (in order to get it under contract quicker).
The best way I can think of going about this, would be paying a GC to do a walk through with me to determine what work needs to be done and how much it might cost. I would pay for the walk through to compensate the GC's time instead of expecting a free estimate and then going elsewhere for the actual work, if for whatever reason I didn't go with that GC. Ideally, I'd love to have a 'go to' GC that could do the walk through and the work, but in this case my first priority is determining what work a property may require. My questions are...
- - Does anyone have experience using a similar strategy?
- - Would there be a better way to accomplish the same goal?
- - Are there any recommendations for finding a GC for, at the very least, the sole purpose of an initial property assessment?
Any other thoughts or suggestions you all may have would be greatly appreciated.
BTW- I'm looking in and around the Raleigh/Durham, NC area (if that makes any difference).