General Contractors, Homestyle Loan, Atlanta Georgia

[Luke Meeker]

Hi BP,

I am looking for GC recommendations to run a Homestyle Loan renovation in Atlanta Georgia (Tucker). Please let me know if you have any suggestions!

Thanks,

-Luke

[Curt Smith]

Hi Luke,  OI've done maybe 6 homestyle rehab loans for rentals.  Its a good deal.  BUT forget GCs on the bank's list.  Those guys gave me insanely high bids.  And GCs are hard to find, certainly ones who will give lower bids AND do the work fast.  So many horror stories about GCs tearing up the house and disappearing for months.

My best tip is to join the local REIAs.  REIAs are where more experienced investors hang.  Google real estate investor association.  I joined them all.  Each has their own personality and value.  I ended up just keeping GaREIA FWIW.   They have a google group/email list to ask for contractors and other questions.

Have you checked BP's contractor section which is new?