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Updated over 4 years ago on . Most recent reply

User Stats

45
Posts
30
Votes
Luis Moreno
  • Rental Property Investor
  • Fishers, IN
30
Votes |
45
Posts

Ideal contractor to hire

Luis Moreno
  • Rental Property Investor
  • Fishers, IN
Posted

Hello bigger pockets family,

I found a great contractor i found who has set up his business to tailored investors who buy and hold,BRRRR or flip in quantity.This contractor has multiple crews, can start your project in 24 hours of signing the contract and gives you a detailed spread sheet of the bid brake down line item by line item. One of the best parts is if your rehab project is below $60,000 then you don't pay anything until the project is complete and with a final walk through with you. If theres any problems you find or spot on the walk through they will fix it before you pay anything and are satisfied. if your interested in this contractor let me know on because my last contractor almost ruined my business but this one is great. i want to spread the word because i don't want any other investor to go through the nightmare i went through on my last rehab project. They do work around Indianapolis and only work with investors. They also have a brokers license so they can help out of state investors like myself buy property and fix them up right away. My last flip with this contractor took 3 weeks from start to finish and it cost $26,000 but im going to make a profit of $55,000 when this house sells soon because my agent already has a buy and hold buyer lined up for it.

Most Popular Reply

User Stats

27
Posts
15
Votes
Rich Ramjatan
  • Contractor
  • Bronx, NY
15
Votes |
27
Posts
Rich Ramjatan
  • Contractor
  • Bronx, NY
Replied

@Luis Moreno

Sounds like an ideal arrangement for an investor and a recipe for disaster on his end . As a General contractor , I do just that , a GC, I am not financing anyone’s project unless it’s some sort of partnership . He might have a good “flow” going now , but eventually you’ll burn through money . All it takes a few rotten eggs and there goes all his cash . We wish everyone the best but personally, I do not think that’s a sustainable business model .

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