Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 9 months ago,
What is a going rate on general contractor fees today?
I am under contract on a flip that is not in my area so I will be hiring a GC to manage the renovation on this project. I am not familiar with the rates for GC services so wondering what advice any of you could give. Is it standard to pay a fee or a % on profit of the project or both? Have you incentivized a GC with bonuses to meeting or exceeding cost/schedules? I have been serving as my own GC on all my projects up to this point so not sure how to approach it. Any advice would be appreciated. Thanks!