Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

116
Posts
26
Votes
Greg Larson
  • Investor
  • Knoxville, TN
26
Votes |
116
Posts

Who brings the contractor?

Greg Larson
  • Investor
  • Knoxville, TN
Posted

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

User Stats

1,460
Posts
1,594
Votes
Cassi Justiz
  • Rental Property Investor
  • Edmond, OK
1,594
Votes |
1,460
Posts
Cassi Justiz
  • Rental Property Investor
  • Edmond, OK
Replied

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."

Loading replies...