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Updated over 7 years ago on . Most recent reply

User Stats

54
Posts
10
Votes
Christopher Oliver
  • Lender
  • Peekskill, NY
10
Votes |
54
Posts

In need of a contractor

Christopher Oliver
  • Lender
  • Peekskill, NY
Posted

need a contractor for the philly area. Got some deals I’m looking at and need quotes. Can anyone recommend someone 

Most Popular Reply

User Stats

139
Posts
231
Votes
Ethan Giller
  • Rental Property Investor
  • Philadelphia, PA
231
Votes |
139
Posts
Ethan Giller
  • Rental Property Investor
  • Philadelphia, PA
Replied

@Christopher Oliver & @Michael Singh, not to shut down your real estate goals, but I think you will find it extremely difficult to find a reliable contractor to give you quotes for deals you are "looking at", especially if you are out of state.  The affordable and reliable contractors here have steady work currently, so don't have the need or time to be bidding jobs for properties not already purchased or where they get the sense they will just be one of many competing bids.  Philadelphia is getting to be a hotter market, so I think your best bet is to look for a local partner who can be your boots on the ground, and is experienced enough to ballpark rehab costs already.  If you have the funds available and you find someone with local real estate knowledge and construction knowledge, I think that would be a much more beneficial ask on here then looking directly for a contractor, which is what everyone is looking for so there is a lot of competition.  Any competent contractor is going to prefer to work with the investors who are local and who already own the property, so the only contractors left the bid your jobs are those who are desperate for work for some reason (not who you want to work with).

Just one man's opinion, based on my experience.

Good luck though, Philly does have some great deals!

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