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Updated over 7 years ago on . Most recent reply

User Stats

138
Posts
459
Votes
Tony Robinson
  • Rental Property Investor
  • Eastvale, CA
459
Votes |
138
Posts

Do you choose your contractor BEFORE or AFTER you buy?

Tony Robinson
  • Rental Property Investor
  • Eastvale, CA
Posted

Hey All! 

So I'm looking at purchasing my first investment property. Here's the thing though, I live in the California, the investment property is in Shreveport, Louisiana. 

I'm working with an Agent out there, and he has a contractor that he's recommending. But I want to make sure that I'm getting the best return on my money. 

My big question is, how do you get the most accurate rehab costs before you purchase a property? Do you have multiple contractors come out and bid on the work before you close? 

Do you have one contractor come out and give you an estimate, and then once you close on the property, do you have more contractors come out to make additional bids? 

Any help would be GREEAAAATLY appreciated! 

Most Popular Reply

User Stats

239
Posts
176
Votes
Todd Fithian
  • Investor
  • Riverside, CA
176
Votes |
239
Posts
Todd Fithian
  • Investor
  • Riverside, CA
Replied

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Can't ever go wrong. If many other investors have a great experience with them, then chances are they are great. Ask around and trust your instincts. Once you find a good one, keep them forever.

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