I have been on this forum before but deleted my account because I was inactive in the general contracting business for two years. But recently somebody presented me with an opportunity related to an investor who wants to rehab and flip homes. They will provide 2-15 rehabs per month. More than likely they will be in the Miami,FL proximity.
My question is what I need to get started? Please include in your advice about what laborers I should hire, what insurance and bond do i need?
This is a great opportunity but don't want to blew it.
Ive been in central Florida for 2 months. I had worked as a sub for for a contractor who was flipping homes. He had 3 different investors he worked for.. The budgets ranged from 10-20k per home. I have noticed that each of these investors all wanted speed and cheap.. That was fine for me as a painter , it was quick money. But for the other work, I just couldnt understand. There were lots of coverups going on. This is because it wasnt included in the budget. What I mean by coverup is..Sheetrocking over termite infested framing, and poor electrical repairs and work behind demoed walls. These areas where usually found when gutting a bath or kitchen. All 3 of these investors from different walks of life ignored these issues..And would not allow this contractor to address these issues, because it would exceed there budget. I stopped doing work for this contractor after 3 seperate homes. Hope this helps a little. I can provide more stories and answers if needed
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