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 ...