General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago,
Advice/resources to find builder/contractor partners
We purchased a shell almost a decade ago. About three years ago we solicited offers. The offer ranges (over 100k) made us rethink renovation for rental units (building can fit 4 units @ 1200-1500 mnthly rent each unit.) Now after renovating and renting another property nearby we decided to either take on an experienced partner or sell. We would bring the property and a solid 2 man contractor team to the table. Partner would bring renovation capital, renovation contractor/team and "experience" with local inspectors.
1. Does it even make sense to search for such a partner (renovation would cost 200-275K with recent inflation).
2. What are some suggestions to find builder partners / builder buyers ? (Purchase offers we received were from RE wholesalers, we would prefer to sell directly to builder)