It's just a sad case of the greedy house flipper getting the cheapest labor possible, slapping a house together trying to make a quick buck without thinking about what they are truly doing.Just as you said a good GC can save you thousands, and I believe you are correct that a house with good craftsmanship will sell much faster.  

@Joe Villeneuve

I see it as a labor of love most of the time.

Is this a common sales practice or usually inside deals where the builder cut it with their buddies and generally not accessible to joe public?

if you want motivation check out 16 principles to success, jack Canfield or anything by zig Ziglar, john assaraf, t Harv ecker, joe vitaleFor real estate I love millionaire investor and if you are thinking of being an agent millionaire agent by Gary Keller.

Hopefully the labor and materials were broken out separate in the contract - If he's already purchased $25K in materials, have him give you the materials and receipts and reimburse him for the actual cost of the materials- So, basically, once he produces $25K in materials, give him $25K for those and then pro-rate the labor bid based on the amount of work he's already completed and give him that amount.

Contractor/labor guy moves in and does work, he stops paying in 3 months and claims he has been working on the house, You evict, he files a workmens lien, you end up in court or figure it out.

It is the return on your investment of time and labor.

Originally posted by Joe A: in the company prospectus .... if they go bankrupt, I could lose my money.

My name is Joe Franz, I am new to the forum.