The role of the contractor

[Kevin Parnella]

Hi peeps,
Former mortgage UW here that was working my dream job until mortgage rates sourced which was crushing for my line of work. So now I can begin to look at a BRRRR method. One of my questions I wanted to inquire about now is with the contractor. Is the contactor a one stop shop essentially? What I mean by that is that the home will need plumbing work, potentially drywall, flooring, electrical, roofing, etc. These areas seem like they are well beyond the scope of a specialized contractor. So does he then hire subcontractors? How does that work?

Secondly, when we bring the contractor in and he does a walk through, how does he know what to do? I believe I heard David say that all of the plumbing replaced. How does he know what he cannot see.  I presume he will have access to the inspection.  Will he have anything else to estimate the cost of repairs? Who else will he talk to outside of the inspector? I thought David also say that inspector will review his notes with someone else, but I cannot remember who that is? 

Lastly, when in the process is the contractor brought in? I presume after the inspection? If so, wouldn't that make it difficult to generate a fair offer if we don't know what is wrong with the property before we do our due diligence?

Have a great day
Kevin