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Updated over 10 years ago on . Most recent reply

User Stats

16
Posts
1
Votes
Corey Brenner
  • colorado springs, CO
1
Votes |
16
Posts

Fix and Flips

Corey Brenner
  • colorado springs, CO
Posted

Hi,

      Should a investor for a fix and flip property ask  a subcontractor too buy material out of there own pocket upfront?(reinbursed later) Shouldn't the investor pay for this?

Most Popular Reply

User Stats

16
Posts
6
Votes
Didi Siani
  • Residential Real Estate Agent
  • Fort Lauderdale, FL
6
Votes |
16
Posts
Didi Siani
  • Residential Real Estate Agent
  • Fort Lauderdale, FL
Replied

I'm not a big beliver in reimburse later.

The contractor always want the easy way so he might buy expensive stuff.

I buy ALL MATERIALS.

I create a shopping cart with light fixtures, tiles, vanities, wood floors ect and the contractor going to pick it up from home depot. 

Any additional materials he may go to home depot and do a phone sale.

In a flip this little things can add up to be a huge expense. I would recommend you to be on top if it.

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