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Updated about 8 years ago on . Most recent reply
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New Investor Looking for a Reliable Contractor
Hello,
I'm just starting out in real estate investing and looking at several MF properties in the Austin area.
I lived in Austin for many years so I'm pretty comfortable with the market, but I've recently moved out of state and am doing everything remotely.
I'm trying to find some recommendations for an experienced contractor to visit some of these properties with my realtor and give a better idea of the type of work and cost each might need.
Any help or guidance would be much appreciated!
-Aaron
Most Popular Reply
@Jason Carter just gave you the holy grail for getting things done while sitting in your office. I started out by going to investment meetings and meeting with contractors on site at our projects and now solely rely on posting to these platforms. It took quite a few meetings to find contractors that meshed well but now I found a few that will nail it when I reach out. We don't even meet onsite we just have a 3 minute talk about the property and scope and it's pretty dialed in. You'll know when you find a good contractor that understands investors needs and that understands that both party's can win just as @kyle Nelson said. In a hot market like Austin at the moment, good contractors are busy enough to let you know what it will cost and still steer you in the right direction to subs or other contractors even if they can't take on the project.
Also, I have found that it would be rare that a good (busy) contractor in Austin will have the time to drive to properties and create bids for quotes. They get most of their work through referrals of past clients and are vetted by the client that way. They will give quotes of cost per square foot over the phone or send a representative should you need a more detailed and specific scope of work breakdown.
Message me and I'd be happy to share my contacts and experiences.