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Updated over 5 years ago,

User Stats

9
Posts
7
Votes
Andrea L Eskew
7
Votes |
9
Posts

Contractor asking for a bonus

Andrea L Eskew
Posted

I'm a new investor working on my first flip. I've got a contractor who asked if he discounts the labor up front, if I'd give him a good bonus if the house sells for a lot more, so I would give him more work on additional flips. Originally we were going to fix up the house and sell as it is, size wise. But he said we could add a bunch of space, which would significantly increase the value and make us a lot more money. Having run the numbers, I would say he is correct. What sounds like a reasonable amount? A set dollar amount? A percentage of profits?

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