Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 7 years ago on . Most recent reply

User Stats

36
Posts
5
Votes
Mohamed Nagoor
  • Brooklyn, NY
5
Votes |
36
Posts

General Contractor Question

Mohamed Nagoor
  • Brooklyn, NY
Posted

Newbie working on my 1st flip.

I have 2 GC quotes. One of the GCs I've worked with him in the past and I know him for many years. Last year when I sold my primary residence he did not do an awesome job with the reno and my Agent who who was helping to sell the home was also not too happy. I gave him the feedback and he's promised me that he will not drop the ball and he has a new crew that he's hired and will be on top of things.

2nd GC seasoned contractor who has renovated homes in the area that I'm currently flipping and gave me a quote 10K higher than the GC I worked in the past.

When I crunched numbers I have 10K as buffer. The 2nd GC eats up that 10K leaving me no buffer but I take a hit on my profits which about 20K if I go with the 2nd GC.

Would like to hear thoughts and strategies from the pros to help me decide who to pick.

Thanks

Most Popular Reply

User Stats

1,325
Posts
734
Votes
Teri Feeney Styers
  • Real Estate Agent
  • Grand Junction, CO
734
Votes |
1,325
Posts
Teri Feeney Styers
  • Real Estate Agent
  • Grand Junction, CO
Replied

@Mohamed Nagoor if a GC doesn't have enough respect for his name and his client's money to do a good job the first time I would cut him loose. Sounds like he is blaming his subs. When things started to go awry he didn't step in and fix it... it speaks to integrity. Go with GC #2 but ask for references and maybe photos or a tour... 

  • Teri Feeney Styers
  • Loading replies...