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Updated almost 6 years ago on . Most recent reply
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Who brings the contractor?
Hey all, please excuse my ignorance, I am here to learn.
I have a gentleman who owns a home that needs a total rehab.
1. Would I, as the wholesaler, need to bring a contractor with me to estimate the repair costs? Or would that be up to the end-buyer?
also,
2. If I need to bring my own contractor, how do I approach a contractor about working together? Do I have them come along under the promise that they will get the work if I close on the property? Or would I just pay the contractor to come along and shoot numbers?
Thank you in advance for any light you can shed on this. I love to learn!!
Most Popular Reply
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All due diligence needs to be on the end buyer. A lot of wholesalers will give ball-park estimates, but you don't want to get too specific.
I've seen email blasts with wording similar to "total rehab needed. Estimated $15-25k rehab cost depending on finishes. Buyer to do due diligence."