Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 11 years ago on . Most recent reply

User Stats

10
Posts
0
Votes
Cordell Pearce
  • Denver, CO
0
Votes |
10
Posts

Finding and Working with a General Contractor

Cordell Pearce
  • Denver, CO
Posted

Hi All,

To be brief, after 6 months of poor quality work and poor business practices, my general contractor for our home remodel project seems to have walked off with our money and a highly unfinished house.

1. How can I recoup some of my losses?

2. How can I find a reliable contractor to finish the job with what little funds I have left?

Thanks!

Most Popular Reply

User Stats

7,627
Posts
4,161
Votes
Karen Margrave
  • Realtor, General Contractor, and Developer
  • Redding, CA & Bend OR
4,161
Votes |
7,627
Posts
Karen Margrave
  • Realtor, General Contractor, and Developer
  • Redding, CA & Bend OR
ModeratorReplied

It's a tough one. Contractors don't like going onto a job that another contractor has started but didn't complete, as they take on the liability of the prior work. Always check a contractors license, bond, and insurance, BEFORE they begin ANY work on your property. NEVER pay for work that hasn't been done, or isn't going to be immediately done.

It's your property, and your money, and you have to maintain control of it.

At this point you can get another contractor and sign some type of agreement releasing them from all liability arising out of the work done to the point they start, and clearly state what the new contractor will be responsible for, costs involved, and how they will be paid. Make sure you approve of any subs and whether or not you will be paying for materials or them, if it's you, make sure you deal directly with the supplier.

  • Karen Margrave

Loading replies...