Hoping to BRRRR. Thoughts on these GC Bids?

[Anish Patel]

Hi everyone,

I'm in contract for this property with a couple business partners. Inspection came fairly clean, but as you can see there is plenty of work to be done. I'm in the process of collecting bids from GCs, but the estimates are coming in far higher than what we were originally told (we were targeting ~$100K). Here is a comparison of initial bids (I'll keep adding as others come in). Our goal is to BRRRR this property and based on an initial comp analysis, we're expecting an ARV of ~$280K+.

This is our first BRRRR (but not our first Ohio investment), so we'd love to gather input from more seasoned BRRRRers (is that a word?). How would you approach negotiating down these initial bids? Are there any line items that seem way off base?

As an aside, I'd be happy to connect with any other investors in Ohio, particularly Columbus. Would love to trade notes!

Best,

Anish