GC says "You're a waste of my time"

"I have attempted to contact 3 different GCs thus far and only heard back from one. The one that responded pretty much said "You're a waste of my time. I only work with experienced investors. Contact me when you have a property under contract and then I'll come out and give an estimate for $300.""

GC says "You're a waste of my time"

GC says "You're a waste of my time" - Forum on BiggerPockets.com

Well, to be honest you probably are wasting the GC's time if you don't have the property under contract.

What are the chances once you get the GCs bid, the numbers are going to actually work in the deal to make an offer?  What are the chances you make an offer?  What are the chances your offer get's accepted?  Probably pretty slim!

Let's say you actually managed to get the property under contract, are you going to use the original GC that gave you the original proposal or are you going to shop around and get 2 to 3 more bids from other GCs?  

So the GC is supposed to spend an hour visiting the property and spend another few hours putting together a detailed estimate for your property that you don't own and have a very slim chance of ever owning, for FREE?!

From the GC's prospective there is a very slim chance that you will actually get the property under contract and actually award them the work, so in their words, you are a complete waste of time!  

Now, once you get the property under contract that is a whole different story!  I wouldn't expect to pay GCs to provide an estimate on properties I own because the chances of me hiring the Contractors is much higher.  

So you either need to learn how to estimate rehab costs yourself, or you should offer to compensate the GC for their time to put together an estimate, especially if you don't have the property under contract.

Here is the process I recommend for learning how to estimate rehab costs:

#1 Read the Book on Estimating Rehab Costs

JScott's 'The Book on Estimating Rehab Costs' is a great resource for new rehabbers to learn how to Estimate Repair Costs on 25 common rehab repairs.


#2 Explore Lowes and Home Depot to Learn About Material Pricing

Take a tour through Lowes and Home Depot (or their websites) and look at finishes materials and fixtures that you will consider using in your rehab projects. This will help you get a better idea of what tile, hardwood, carpet, plumbing fixtures and light fixtures costs for your rehabs.

#3 Contact Local Contractors for Pricing

Call local Subcontractors and get budget pricing for common repairs on your typical rehab project.

For example, call a roofer and ask what their average cost per Square of Architectural Asphalt Shingle Roofing would be on a 1,500 sf house, with a 6/12 pitch.

Note: Some contractors will be reluctant to share pricing without seeing the property, but tell them you are just looking for a rough budget number you can use on future projects.

#4 Compile Your Prices into a Spreadsheet or Estimating Software

Once you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.

The Book on Estimating Rehab Costs comes with a spreadsheet that you can use to help you populate your own database of labor pricing and material pricing. Or you can download my estimating templates I have in my Biggerpockets fileplace:

Simple Estimate Spreadsheet

Detailed Estimating Spreadsheet

There are other Estimating Softwares available as well which can help you manage the Estimating process as well...

#5 Practice, Practice, Practice

Walk through potential rehab properties (or find properties virtually online) and practice creating detailed scopes of work, quantifying repairs and estimating rehab costs for the projects.

If you are not willing to put in the time to learn, then you probably need to pay a GC to put together an estimate for you.

More Updates Coming Soon!

We’re dedicated to continuously improving the FlipperForce platform and have an endless list of new tools, features, and enhancements we’re planning for the near future. Check out our Software Road Map to see what we're building next And, if you have any feedback, ideas, or suggestions, collaborate with our community to help us decide what we should build next! FlipperForce Software Wish List

Let us know if you have any questions or comments below:👇

Checkout these other blog posts!:

How to Flip Houses Guide
step-by-step house flipping guide

Don't Know How to Flip a House?

If you are looking for a free, no-hassle, Self-Guided resource to learn about flipping houses checkout our  step-by-step house flipping guide with over 50 articles, videos and case studies on how to flip houses.

Ready to Take Action?

Sign up for Our House Flipping Software to Start Flipping Houses Today!

Register for a 30 Day Free Trial. No Credit Card Required.