Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Contractors
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 almost 10 years ago on . Most recent reply

User Stats

1,089
Posts
1,158
Votes
Justin R.
  • Developer
  • San Diego, CA
1,158
Votes |
1,089
Posts

Determining whether a contractor is "investor friendly"

Justin R.
  • Developer
  • San Diego, CA
Posted

I've been working with a contractor on my first couple projects - I got very lucky and happened to find someone who's skilled at the rehab game.  I've got a second concurrent project just about ready to go, though, so I need to find an additional contractor. 

How do you all identify an "investor friendly" contractor from your typical contractor?  By "investor friendly", I mean...

  • Understands there's holding costs.  Works expeditiously.
  • If it's a flip, understands current trends and can pick good value finishes that help the bottom line.
  • If it's a hold, understands that, for example, a one-piece bath enclosure is far less maintenance for me than a tile bathtub surround.

I'm around for most of the big decisions, but it's the totality of small decisions that can make a big bottom line difference.

Other than networking, where do you look to find someone? And, what do you ask to figure out if they understand enough about REI to be able to work autonomously?

FWIW, these projects are in San Diego.

Most Popular Reply

Account Closed
  • Contractor
  • Raleigh, NC
510
Votes |
651
Posts
Account Closed
  • Contractor
  • Raleigh, NC
Replied

Why make things so complicated?  You figure out what you want and provide a 'scope of work'.  The contractor provides you with a written proposal and tells you how long the project will take.  

You choose the proposal that best meets your needs. Get references, verify licensing & insurance, etc. 

Loading replies...