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Updated over 10 years ago on . Most recent reply
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How much General Contractors cost?
hey everyone,
I'm new to the whole investing arena. I'm very interested in learning how flipping works. I will be buying my first property in the next few months in Philadelphia. Since I'm self-employed, I have some flexibility in time, but I was thinking of hooking up with a general contractor who will help me complete the rehab.
The house that I'm thinking of purchasing is a row house in Philly, about 1,200 sq. ft., 2 floors plus a basement. These homes are typically bought for about $40k. Rehabs typically run about $40k, without using a GC. AVR is usually around $110k - $$125k.
If I were to hire a GC, how much should I expect to pay?
Like I said, I'm pretty new to this, so any advice will be greatly appreciated.