For a new investor, finding a contractor can be an intimidating affair. The time and cost invested into the remodel of a property will affect profitability, while the quality of the work will be part of your reputation as either a Fix-and-Flip or Rehab-and-Rent investor. Below are five steps that can help you find the contractor you can build a long-term relationship with.

1. Finding Candidates

Investors are often looking for reliable contractors that don’t break the bank – or undercut the profitability of an investment. There are multiple ways to track down viable candidates:

• Ask other investors for recommendations. Don’t know other investors yet? Ask your current network – someone has likely had a kitchen or bathroom remodeled.

• Visit local networking events. You can meet contractors there (and those other investors!).

• If you see a house being rehabbed, well, walk over and ask for a business card!

2. Getting Quotes

As a new investor that wants to take on remodeling ...

Investors often consider skipping a home inspection when purchasing a property in need of a rehab. I’m here to argue otherwise. Home inspection for investment properties can save a great deal of money – which is good way to start an investment.

There are a lot of things to consider when choosing an investment property. With the multitude of aspects to keep in mind, there are certain hidden damages in properties that are easily overlooked by an investor. Upcoming mechanical failures, problems inside crawl spaces or behind siding, roofing, and certain structural damages are examples of valuable information that may not be so obvious to an investor. If not found early on, these can easily change the return on investment for a property. A seasoned home inspector can catch these items.

Knowing that a home inspection can have immense value to the investment, what are some key things to consider? I’ve compiled a few tips to help you.

1. Work with reputable inspection companies – and check ...