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Updated about 5 years ago on . Most recent reply

User Stats

473
Posts
230
Votes
Taylor Chiu
  • Real Estate Agent
  • Salt Lake City, UT
230
Votes |
473
Posts

Too much for flip labor costs?

Taylor Chiu
  • Real Estate Agent
  • Salt Lake City, UT
Posted

Hi everyone, I'm flipping a 1600 sq foot property and need some help evaluating a rehab bid. Here's the labor bid below. 

Keep in mind this is JUST for labor (no materials), and the property is dirty but just needs a relatively simple cosmetic rehab. This is a probably a B/B- neighbhorhood, so we aren't going to get too fancy with this one. (You should be able to click the image to enlarge it. Disregard the colors)

Most items here seem to be 50% too high IMO. What do you think? For reference, I included how many hours each item would take, assuming we are paying $35/hr to our contractor. If you have any opinions on rate as well, please let me know. Thanks!

Most Popular Reply

User Stats

142
Posts
208
Votes
Bill Kramer
  • Contractor
  • Evansville, IN
208
Votes |
142
Posts
Bill Kramer
  • Contractor
  • Evansville, IN
Replied

$35/hour for a guy that has to provide his own tools, vehicle, workers comp/general liability insurance, marketing/advertising AND DO A GOOD JOB?

Your assumption is way off the target. I won't even fire up my van for less than $50, and that's if we have a proven record.

Go to homewyse dot com or home advisor and verify everything he bid if you think he is high. And those sites can be on the low end.

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