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Updated over 1 year ago on . Most recent reply
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Combo PM/Rehabber 10%/9%
I'm new to investing and looking to use cash to buy distressed properties to BRRRR.
Keep in mind I know nothing of contracting, costs, General Contractors, laborers etc. I can run a business, do sales, marketing, systems etc.
I've found a few companies here in Indiana that are like one stop shops. They are agents, PMs, and act as GC for the rehab. One in particular charges 9% on the rehab portion. Seems fair to me, especially with my lack of knowledge, lack of contacts, etc.
I'm looking to purchase mainly $25k-$75K properties for cash that are severely distressed and need full rehabs. Even if the total rehab is $50k, then I would only be spending an extra $4500 for this company to act as my GC ( I assume).
But having one point of contact for my Core 4 (minus the lender) seems enticing.
But I imagine I'm paying a premium of some sort for having one company act as my Go To for everything?