Taking out a hard money loan to Arizona fix and flip a property will make you the most money if it’s done on time and correctly the first time. Here are some tips for choosing a good contractor for your investment.
We’ve given you tips on how to choose a hard money lender, but once you have your loan it’s time to choose a contractor to complete your Arizona fix and flip. This is just as important as choosing a good hard money lender because your Arizona fix and flip needs to be done on schedule, on budget, and without corrections needing to be made.
Here are some tips you can follow to ensure you’re hiring a great contractor for your investment property!
Ask the Hard Questions
You’ll want to interview contractors just like you would your Arizona hard money lender. Ask them about past projects and ask for references. You want to hear first hand that they’ve completed projects on time and without going over budget from people who have actually worked with them in the past.
Present a Scope of Work
You’ll want to have an organized and well laid out scope of work to show your potential contractor. If all you can present is a theoretical idea of what you’d like done to your home, it’s going to be hard to get a legitimate estimate.
Compare Bids
The cheapest isn’t always best. You’ll want to get detailed bids based on your scope of work and compare the itemized projects you want completed.
Once you have all of this information collected you can make a well informed decision of which contractor will not only be able to complete your project, stay within your budget, and know that they’ve been successful in the past, but you’ll have met them and know if you feel you’re going to work well together.
We hope that these tips will help you select a great contractor for your next investment property. If you’re ready to select your Arizona hard money lender, call Level 4 Funding today to schedule an appointment!
Dennis Dahlberg
Broker/RI/CEO/MLO
Level 4 Funding LLC
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
About: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.
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