Maybe A Dumb Question About When To Get Contractor Bids

[Robert Arzola]

Hey everyone. I plan on starting my journey into BRRRR investing in Georgia - specifically in Macon and the surrounding areas and was wondering one thing about contractor bids. When is the right time to have them walk through the property? I want to get a number of contractors via referrals from agents, property managers, and so on, and would want to have 4 or 5 bids as David Greene suggests in his book on BRRRR. However, if doing a hard money lending purchase of the home, would it be best to do 1 itemized bid in the initial walkthrough of the property and then - if I decide to pursue the deal and get it under contract - do the other bids in a due diligence period? I do plan on paying the contractors for their time to do the bid as well. I know it could be costly at first, but it would mean having a good amount info to compare and hopefully make the best choice.