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Updated over 7 years ago on . Most recent reply

How many of you Flippers work with a contractor
I am wanting to combine capital from multiple investors and purchase properties for flipping. Do any of you that currently do this have a go-to contractor? How did you get connected with them? I feel hesitant to pull the trigger on many of the flips I find. I estimate repair costs and the numbers make sense to move forward but I feel that I should work with/ get the opinion of o professional before I pull the trigger.
Most Popular Reply

I am currently doing my first flip. Using a contractor...
REAL numbers are the issue with self estimating. Imagine you are off by $10k... what does that do for your numbers... permits... how much do they cost... let me tell you, more than you think... ANd TIME... usually with flips, holding costs with long holds are killers.. unless you are REALLY dialed in with subs... are you gonna get bids for each trade and get everything scheduled etc... This is where a contractor comes in. You are paying for their knowledge, their network.