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Updated about 1 year ago on . Most recent reply

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Markiya Smith
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Rehab a fix and flip with contractor

Markiya Smith
Posted

Hello everyone,

Should I have a contractor come out to each subject property to have it quoted for the work that needs to be done?

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Logan Koch
Pro Member
  • Rental Property Investor
  • Pittsburgh, PA
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Logan Koch
Pro Member
  • Rental Property Investor
  • Pittsburgh, PA
Replied

In Reality you're going to have a hard time finding a good contractor willing to walk multiple properties with you that you don't have under contract, and don't have a previous working relationship with them. It'll be even more rare to find multiple contractors willing to do this. 

When you're trying to get a general understanding of estimating a rehab, offer to pay the contractor for their time to walk the property with you. They may do it for free on the first one. Ask as many questions' as you can, and learn as much about rehab costs in your area. You'll build a solid working relationship with a contractor this way, and show that you respect there time. You'll get a better understanding of estimating a rehab budget to narrow down your search criteria. Then once you start to get comfortable with it, you have the contractor walk the property after you get it under contract. 

  • Logan Koch
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