Flipping houses and investing in real estate requires you to work with a great team – and that includes reliable, trustworthy and effective contractors.
But how do you find the best contractors?
3 Tips for Finding Great Contractors in Real Estate Investing
#1: Ask for References
Ask family, friends, your hard money lender and anyone else you can think of for referrals and references. Chances are pretty good that you know someone who’s worked with a contractor before, so use their experience to find one that’s going to work out well for you.
#2: Interview Three (or More)
Ask plenty of questions when you’re interviewing contractors, and make it a point to talk to at least three. (More is better, even if it is time-consuming. You’ll save yourself plenty of time down the road if you find a good one now.)
#3: Find Out What the Contractor Will Do and What Subcontractors Will Do
When you settle on a contractor or two, find out which work they’ll do themselves and which work they’ll subcontract out. You can ask for an employee list to make sure that your contractor will have vetted people working on your projects.
Are You Looking for a Hard Money Loan to Buy a Property?
Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding in Tennessee, Georgia or Florida. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.
Read our frequently asked questions and take a few minutes to learn about the hard money loan process.