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Updated 6 months ago on . Most recent reply

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Patrick Goswitz
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Contractor Consulting For Rehabs

Patrick Goswitz
Posted

When it comes to flipping, my biggest weakness is dealing with the contractors. I have no problem finding deals or financing them but I feel like I am getting screwed with contractors and a lot of it is my fault. Are there any contractors on here who would be willing to speak on the phone or zoom? I would be willing to pay a consulting fee.

Right now, I am doing a flip where the cost of material is 25k but the labor is 47k. This just doesn't add up to me. Any other advice would be greatly appreciated.

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Chris Seveney
  • Investor
  • Virginia
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Patrick Goswitz

Tough to understand if those costs are legit or not depending on the work. For example bathroom labor is much higher than cost of fixtures unless using high end fixtures etc. Paint labor is more expensive

Typically it will be around 50/50 - 60/40 but all depends

  • Chris Seveney
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7e investments
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16 Reviews

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