Okay, in this lesson, I want to talk about how to bid a job. If you're getting into the fix and flip process, you need to know exactly how to get bids for your job. Contractors will come and look at them. I'll give you a couple of tips real quick that are going to help you out. First and foremost, you should know what the labor rate is in your area. What I mean by that is, let's take a real simple example like laying tile. It should only cost you a certain amount, and you want to find out what the averages are in your area. You might call five tile layers in your area and ask them how much they charge to lay a thousand square feet of tile, or how much they charge per square foot. You should say that you will provide all the materials, including the tile and grout, and you just want to know their labor rate. The reason this is important is because most contractors know that they can't make a profit solely based on the labor rate. For example, if one guy is laying it for a dollar, the next guy knows that if he says he's going to lay it for three bucks, he's not going to be competitive in that market. So, you want to call four or five guys to get a feel for what your area will afford you. In my area, I could get tile laid for about a dollar per square foot. Next, you may consider purchasing your own materials. Here's why: the materials is where some of these contractors will make their profit margin. I'm not saying that you should rip them off. If you're going to get into the fix and flip business,...
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Drywall SubContractor Agreement Form: What You Should Know
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