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Updated over 2 years ago,

User Stats

7
Posts
1
Votes
David M.
1
Votes |
7
Posts

Advice/resources to find builder/contractor partners

David M.
Posted

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)