Quote from @Evin Lynch:
Hey everyone, my wife and I are looking for our first home. We are looking for a property that needs some love and our plan is to do some version of a “live-in” flip. Obviously, being able to calculate renovation costs is a big part of deciding which property to purchase and at what price. My questions is: Do you/would you have a general contractor walk different prospective properties with you to get an accurate estimate on rehab costs? Is this something that GC’s are typically willing to do? I would love to hear other’s experience with this and I’m also open to feedback/questions.
Thanks in advance,
Evin
I have a contractor that will do this but I have done multiple projects with him as well. So one way or another the contractor will need to be compensated for their time. With you wanting to do a live in flip (I'm assuming) you will be doing the majority of the work, which will take away from the work the contractor can do.
I will say live in flips are great because you can put in sweat equity over time and save a lot of money until your ready to sell.
