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Updated over 3 years ago on . Most recent reply
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Los Angeles Contractor Needed
New investor with financing ready to go starting to make offers on distressed properties. Looking for a Contractor to not only bid on properties I have under contract, but also willing to invest an hour of time here and there on prospective properties for ballpark estimates to decide what/whether to offer.
Most Popular Reply
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First, I would find a Realtor who also invests in real estate. They should know of one or more contractors they recommend. Secondly, that Realtor should be able to guide you in what it costs to fix a place up. I would recommend doing sight unseen offers with an inspection contingency. If you are dragging contractors out to every property that comes on the market, you're going to annoy them very quickly and they will stop showing up. If you already have a deal under contract, then they will be much more interested to come and talk to you and give you a quote. Chances are, you are going to have to make 20+ offers before getting one so you will be wasting your time and the contractors time trying to go to every single property. This is a relationship business and you'll lose contractor relationships pretty quickly that way.
- Colin Smith