Low quality low cost
Join Date: Jun 2012
Location: Every city
Thanked 1,689 Times in 847 Posts
We bid them all the time and get very few. We almost always get undercut by non licensed labor doing the job for a song.
The rehab business model doesn't make a lot of sense to me? Why would I invest thousands in labor and materials on a project only to have to submit to someone else's QC then wait months to be paid back the money I had in the bank plus a small profit IF we did everything to their liking.
I can take that same investment capital and same crew to a property I buy. Do the same repairs and have my money plus a NICE profit in 30-45 days.