Real Estate Deal Analysis & Advice
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,
J Scott says he pays 25-35% for labor. Does that include the GC's share?
First of all, I want to thank BiggerPockets and J Scott for teaming up and creating 2 fantastic books on flipping properties. I highly recommend people check them out if they haven't already. I'm just starting "The Book on Estimating Rehab Costs" and have learned quite a bit already.
For our rehabs, we don't use a GC. We hire our own subs and do as much of the work ourselves.
I've seen numerous rehabbers post that labor is typically 25-35%. Just to clarify, what is that a percent of? The total cost of material?
If I need to put $20K worth of work into a property, are you saying I should expect to pay anywhere from $5000-$7000 to my GC if I were to use one?
Would I tack on another % to pay the contractor on top of labor and materials?
(I'm a little embarrassed to be asking this- I've never had to look into using my own GC to this point though!)
Thanks again