Flippers, how did you figure out accurate pricing/negotiations with contractors.

[Account Closed]

I am trying to learn how to properly estimate rehab costs and negotiate with contractors. I’ve heard a lot about contractors taking advantage and overpricing. Any advice would help. 

[Matthew Paul]

@Account Closed Contractors are businesses . They charge what the market will bear . If you get 3 estimates for work you will get 3 different prices .  Prices are also area specific , if you live in an area with a high cost of living , you will pay more . 

There are no magic discounts for "flippers" or "investors" . Especially if you are only doing 1 house .To a contractor its just another job . 

Contractors dont over price , you and the contractor agree on the price for the scope of work , if you dont like the price you find someone else . 

Some contractors are just more expensive than others .