Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Buying & Selling Real Estate
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,

User Stats

135
Posts
34
Votes
Roman Pak
  • Investor
  • Arlington Heights, IL
34
Votes |
135
Posts

Getting Contractor quotes before closing

Roman Pak
  • Investor
  • Arlington Heights, IL
Posted

Hi BP, I'd like your input on something. I'm finding it very difficult to schedule a viewing for my contractor to walk through the property before I make my offers. Does anyone have a good idea about how to show the property to your contractor without them being there. I've thought of things like recording or photographing the entire walk through, or even a live skype session or something. I know this may sound stupid, but here's the reason why. 

In the last week and a half I've lost out on two potential flips. I had to cancel my purchase contract on Property 1, and Property 2 was snapped up in literally 2 days, just before my contractor could see it. 

I visited property 1 with my partner, we made a list of renovations and things we found "wrong", put an offer in, it got accepted, but upon inspection there were many more things revealed; enough to double the rehab cost as a matter of fact, we ended up cancelling the deal. I feel that if my contractor was able to be there or see the property beforehand we would not have made an offer on the property in the first place. 

Property 2 had great flip potential. It had a huge profit margin and mostly cosmetic work, priced very low even for an REO. I saw it on Tuesday. I wanted to put an offer in the next day (wed.), but decided to wait until my contractor could see it the following day(thurs.)

Sure enough, the property went under contract on Thursday morning. 

Do you think I'm going about this incorrectly, or do I need to do a better job getting my contractor to see the property in one way or another, again with video, pictures, whatever. 

All suggestions are welcome, especially if they work well for you.

Loading replies...