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Updated about 2 years ago on . Most recent reply

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17
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Kevin Parnella
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17
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The role of the contractor

Kevin Parnella
Posted

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 

Most Popular Reply

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2,667
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Kerry Noble Jr
  • Investor
  • Indianapolis, IN
1,100
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2,667
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Kerry Noble Jr
  • Investor
  • Indianapolis, IN
Replied

Your GC should be able to handle all or sub out the work that he cant do in house

  • Kerry Noble Jr
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