SFR Flip in Highland Park, Los Angeles

[Gloria R Lowen]

Investment Info:

Single-family residence fix & flip investment.

Rehabbing a 110 year old Craftsman style home in Highland Park. Got off to a rough start as the contractor hired by my business partner turned out to be uninsured and was going for change orders right out of the gate. We let him go and the project went dark for several weeks while we found another contractor. New guy is amazing. In less than a week we have a new roof on the place, rough electrical almost complete and 50% rough plumbing done. Making good progress now.

[Robert Chuang]

Hiring a bad contractor can make or break a deal! Even as GC, we still encounter our subs started being very very good, then after 2-3 jobs they gotten comfortable, they started not showing or not having enough men power to do the job on time. The best strategy is to keep building connections and once a contractor is not performing, being responsive and responsible. We will rotate them out, no job from us for a while then come back to them. It's almost like doing timeouts to babies haha.

Best of luck on your adventure would love to see the end result!!!