As a real estate investor in the house flipping industry, one of the most important factors of being successful is teaming with the right contractor. Ideally, you want to find a company that is experienced in working for investors, not just homeowners who are looking to spruce up their forever home.
Partnering with the right general contractor is a win/win relationship. Not only do you have a reputable name to reach out to when you need a project done, the general contractor benefits from a steady stream of work.
Keep reading to learn about the most important factors to consider before partnering with a contractor in your area.
Look for the Investor Mindset
Flipping houses is all about buying low and then selling at a price that gives investors a decent margin. But to come out on top, you need a reliable contractor that has the same investor mindset.
Choose a company that is cost-effective. Avoid contractors that cut corners, along with those that spend money on items that aren’t worth the return on investment.
By finding a house flip contractor with the same mindset, you can have peace of mind that the work being done needs to be done. In turn, you’ll benefit when it’s time to list the home for sale.
Ask the Right Questions
Chances are that there are several qualified renovation contractors in your area. This is why it's important to ask the right questions to help narrow down your options.
Some of the top questions to ask include:
How many house flip projects they have completed?
Are you currently working for another investor?
How long have you been flipping homes?
Do you complete all of the work or are things subbed out?
How big is your crew?
Is there anything you don't do? (ie. electrical work, plumbing, foundation, etc.)
Are you insured?
The answers to these questions will guide you in choosing the right contractor for your needs.
Inquire with Other Investors
One of the best places to start in your search for a quality contractor is within your circle of other real estate investors. While another investor isn't likely to refer you to their go-to contractor, they may be able to hand you off to another company that they trust but can't keep busy.
If you're unable to get referrals, the next best thing to do is to put rubber to pavement. Drive around and look at homes that are currently undergoing a rehab. If you're impressed by what you see, ask for contact information.
Choose Larossa Construction as Your Go-to Renovation Contractor
For one of the best renovation construction companies in Tennessee, look no further than Larossa Construction. Our team has more than 13 years of experience in providing the highest quality flips for investors throughout the state. We get the job done right with the best materials at the best price.
Contact us today at 423-805-6137 to discuss your upcoming house flip.