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Updated about 7 years ago on . Most recent reply

User Stats

299
Posts
47
Votes
Roy Gutierrez
Pro Member
  • Investor
  • Oak Park, MI
47
Votes |
299
Posts

Partnering with a contractor

Roy Gutierrez
Pro Member
  • Investor
  • Oak Park, MI
Posted

Hi everyone,

I've been thinking of partnering with a contractor that's done good work for me in the past. I might use him for some flips and maybe some buy and hold. I would be finding the properties and providing the funding, he wouldn't be bringing any money, he basically would be doing some of the work (I would expect to be working on the project 100% of his work time, no working on side work) and acting as the general contractor (he's about to become a general contractor), I have 0 experience doing this, for you guys that are doing this type of partnering, how do you structure this type of partnership?

Thank you!

  • Roy Gutierrez
  • Most Popular Reply

    User Stats

    1,639
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    955
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    Chris T.
    • Investor
    • Downers Grove, IL
    955
    Votes |
    1,639
    Posts
    Chris T.
    • Investor
    • Downers Grove, IL
    Replied

    @Roy Gutierrez

    If you're looking and funding the whole deal + rehab, I don't see any reason why you want to partner with your contractor. 

    If he's the GC, he or you will still need to pay the subs. He probably has other clients, and you can't expect him to drop his other work to focus on yours. 

    Plus you need your partners to have skin in the game. 

    I would suggest hiring him as a GC first for a few properties, see how it goes before you decide to go into a partnership. 

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