The rehabbing business is so much fun. Yea, right! But there are ways to deal with rehabbing that make it manageable.
Most importantly realize All Contractors & Handymen Go Lame!
Many times relationships with a contractor start great! The first job has high quality work and is completed for a great price. But as the contractor get’s busier he becomes less hungry for your business and the laws of supply and demand take over. Prices go up and often quality and service go down.
But when you are a real estate investor you realize all contractors go lame and this should come as no surprise. That’s why it is important that on EVERY project you get multiple bids.
How much can the bids very? I just received 15 bids for one project and the rates varied for $700 to $5510 for the exact same work! The only thing consistent about the bids is they were all over the price spectrum.
With the right tools real estate investing can be easy. That’s why I use the principles and tools in Kick Ass Wholesaling.
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