Posted by John on May 03, 2004 at 17:53:47:
work proceeds slow and many problems always come up mean while you are holding the property paying interest taxes repair costs for several months. The contractor can not be given a blank check so you will have to be available to make the decisions. The contractor if in a busy area will find some way of having 2-3 jobs at the same time and will not be on yours everyday. Which drags things out. Major renovations could take months, minor ones will take atleast 4-6 weeks depending on the contractor and area,and don’t forget city inspectors changing your plans often. Take it from one who know it is time consuming and stressful however it can be profitable.
Why do ppl say rehabbers take a lot of time? - Posted by John G
Posted by John G on May 03, 2004 at 16:45:30:
Ive heard numerous times that rehabbers are extremely time consuming. If you hire a contractor that buys his own materials, why would it be time consuming. Dont you just have to visit the house and thats it? Maybe I’m missing something.
Re: Why do ppl say rehabbers take a lot of time? - Posted by Pat
Posted by Pat on May 04, 2004 at 09:14:09:
John is entirely correct. It can be time consuming and therefore costly. That’s why it pays to know who you’re dealing with and to make sure your carrying costs are covered in the financing. I usually manage to get “hired” by the contractor or to “sub-contract” some of the work for this purpose.