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Updated over 4 years ago on . Most recent reply

User Stats

19
Posts
21
Votes
Matthew Ruderman
  • Flipper/Rehabber
  • Mahwah, NJ
21
Votes |
19
Posts

Looking for General Contractor for new investor

Matthew Ruderman
  • Flipper/Rehabber
  • Mahwah, NJ
Posted

Hi all- looking for a GC who can be a long term partner who is trustworthy and who is able to walk me through  decisions and at the same time not rip me off.   


Im located in Bergen County, New Jersey.

Most Popular Reply

User Stats

50
Posts
38
Votes
Cyle Harris
  • Flipper/Rehabber
  • Detroit, MI
38
Votes |
50
Posts
Cyle Harris
  • Flipper/Rehabber
  • Detroit, MI
Replied

I just finished my first fix and flip in June and did not have the best experience with my general contractor. After reviewing some of the mistakes I made, these are some of the main steps I will take moving forward and I'd recommend you consider them as well when deciding on a general contractor to work with: 

  1. Receive references from someone you know
    1. If you can't find references, use home advisor (search for someone who has at least > 2 years of good review history)
  2. Ask contractor for references and follow up on those references
  3. Develop your own independent contractor's agreement (I would not recommend simply using one drawn up by your contractor)
  4. Start the contractor off with a small job in the beginning to see how you work together and to understand their work ethic (you don't want to work with anyone you don't get along with. Trust me, this will save you a lot of headaches).
  5. Don't be afraid to fire a bad contractor and hire a new one (this is where I made my biggest mistake. I didn't want to start over with someone new so I put up with wayyy too much. I would've been better off finding someone new to finish the job right)

If you haven't already, I would highly recommend reading some sort of book on this subject. I read J Scott's book "The Book on Flipping Houses" and it helped me a lot throughout my project. 

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