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Updated almost 6 years ago, 12/19/2018
50/50 partners...What?
I just emailed a remodeling company asking if they act as GCs on house rehab projects. They come highly recommended and are a Five Star Rated (by Home Services Review) company.
My email said, "I'm a RE investor in the area and I'm actively trying to form my rehab team for the winter season. I'm looking for a company to work with that will provide me with one point of contact for 100% of the cosmetic rehab of the properties I purchase. Since I don't have time to interview GCs, I'd like to know that SOWs will be managed and executed on time without me having to manage assorted sub-contractors at different properties. Would you be able to work with me in this way?"
Their response was, "Sure we can be single point of contact with hundreds of resources at our disposal to handle a large array projects on time. 50/50 partners is our acceptance."
What does that last sentence mean? I'm not sure if that's contracting lingo or not. Thanks!
Ashley Wolfe