Working with Interior Designers

[Kien Hua]

Does anyone work with interior designers on their flips? My team started a joint venture partnership with a well-known one, but she bailed on us due to it being more work for her than she anticipated compared to the sacrifice she is making in charging lower fees.

If so how did you structure your deal and how was your experience?

CaliforniaLA

[Andrew Cordle]

@Kien Hua

We use interior designers on all of our flips. But we do not give them sweat equity we simply pay them a fee just as though they were another contractor. We pay anywhere from 500 to 1,500 per house. And that includes everything. 

Example:

Interior/Exterior Paint

Cabinets, Granite, handles

Light fixtures, bathroom fixtures

Hardwoods, Tile, Grout, Carpet

Etc literally everything. 

If you don't mind me asking how much sweat equity were you giving her?

Andrew