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Old 11-11-2016, 03:09 PM   #1
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Default Home Flipping company

just looking on some advice on closing the deal..A home flipping company met me at 2 properties for an estimate. They have more properties in the area, But do not have electrician for this part of the state they do business in. Great opportunity for me and I'm trying to strategize on how i can close this deal. The first estimate I'm doing is mostly made up of recessed lights around (28) and non grounded receptacles, that need new wire and devices... around (24) everything has full access as far as below and above. 1- level home. (8) cable jacks.... I usually do 125 a hole. I really want to get the job and have a shot of working with this company they are a country-wide franchise type flipping corporation... Would you drop price to 100 a hole in this situation where access is somewhat easy? I do have room to work with the price and still manage to be very profitable, but how to i play that fact?
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Old 11-11-2016, 03:10 PM   #2
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F word means no.
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Old 11-11-2016, 03:12 PM   #3
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F word means no.
lol, what?
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Old 11-11-2016, 03:12 PM   #4
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Home flipping companies can be really bad to work for. They are only looking for it to look good on the surface, they want everything else to be done as cheap as possible, and they profit off of every cent that they beat you down.
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Old 11-11-2016, 03:15 PM   #5
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Home flipping companies can be really bad to work for. They are only looking for it to look good on the surface, they want everything else to be done as cheap as possible, and they profit off of every cent that they beat you down.

I totally figured this, they are in really expensive towns... High end homes...500k plus was one i looked at the other was an 800K+ home...Still, I suppose there is money to be made here?
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Old 11-11-2016, 03:22 PM   #6
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Sure you can make a buck or....many but you might also lose more.
The F word (flip) doesn't have a single positive thing about it.
They way I see it, they cut corners, alter your work, modify your work and pass on your info to the authorities when something goes bad. And that's if they don't screw with you on the way to finishing and getting paid!
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Old 11-11-2016, 03:25 PM   #7
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Sure you can make a buck or....many but you might also lose more.
The F word (flip) doesn't have a single positive thing about it.
They way I see it, they cut corners, alter your work, modify your work and pass on your info to the authorities when something goes bad. And that's if they don't screw with you on the way to finishing and getting paid!

good to know, i guess I'm not familiar with their reputation
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Old 11-11-2016, 03:28 PM   #8
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It's cool dude. I would think differently if it were to hang ONE fan or install ONE gfi but actual work, no way jose.

Flippers are typically scum in my experience from ground up, things get covered and prettied up for the sale, c ya later bye and wash/rinse/repeat.
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Old 11-11-2016, 03:30 PM   #9
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i will send them my full quote.... And if they don't call back , oh well.
They seemed very professional, uniforms, clean cut business type...supposedly, its one of the countries largest flipping organization company....they have over 500 franchises in the US....its def not what i expected when i went to go meet flippers

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Old 11-11-2016, 03:34 PM   #10
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Even GC's have to answer to the homeowner. But House Flippers have no one to answer to. They do the work as cheap as possible as long as the outside surface looks good.

Since doing good work is meaningless to them, they will higher the cheapest contractor and then continue to beat him down.
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Old 11-11-2016, 03:38 PM   #11
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i will send them my full quote.... And if they don't call back , oh well.
They seemed very professional, uniforms, clean cut business type...supposedly, its one of the countries largest flipping organization company....they have over 500 franchises in the US....its def not what i expected when i went to go meet flippers
Take your bid and double it then add 250 for pita tax on having to make it.
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Old 11-11-2016, 06:46 PM   #12
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Quote:
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i will send them my full quote.... And if they don't call back , oh well.
They seemed very professional, uniforms, clean cut business type...supposedly, its one of the countries largest flipping organization company....they have over 500 franchises in the US....its def not what i expected when i went to go meet flippers
Is the company your referring to Home Vestors? We Buy Ugly Houses?
All of the franchise that I know use Handy men to do the work
I have never met one that was willing to pay contractor

But this is my experience yours could be different
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Old 11-11-2016, 06:48 PM   #13
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Yes HomeVestors is the company .... they showed up in uniforms , seemed very professional


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Old 11-11-2016, 07:01 PM   #14
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The fact that they are having trouble finding an electrician ?
When normal customers have no such problems
Should tell you something
RISKY !
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Last edited by dmxtothemax; 11-11-2016 at 07:04 PM.
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Old 11-11-2016, 07:11 PM   #15
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Very good advice being given to you here. Run away run away. Macmikeman seal of approval.
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Old 11-11-2016, 07:11 PM   #16
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Default Home Flipping company

I don't get how it's risky ? I'll give them my price , if they want it they can call me back .....where's the risk? I saw nothing shady about the 2 guys i met .... they didn't say couldn't find anyone , they said they didn't have anyone for this territory... maybe I'm missing something here ? If they want to pay my price than what's the issue ? You think they are going to stiff me on the final ?


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Old 11-11-2016, 07:13 PM   #17
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Oboy, somebody else isn't listening to macmikeman once again. Last guy I know who was like you and didn't listen ended up a broke down bird farmer.
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Old 11-11-2016, 07:15 PM   #18
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Oboy, somebody else isn't listening to macmikeman once again. Last guy I know who was like you and didn't listen ended up a broke down bird farmer.


It's not that I'm not listening , I'm just wondering ? If someone wants to pay my price and follow my payment terms , I'm asking where's the problem ?


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Old 11-11-2016, 07:26 PM   #19
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I don't get how it's risky ? I'll give them my price , if they want it they can call me back .....where's the risk? I saw nothing shady about the 2 guys i met .... they didn't say couldn't find anyone , they said they didn't have anyone for this territory... maybe I'm missing something here ? If they want to pay my price than what's the issue ? You think they are going to stiff me on the final ?


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You might put your toe in the water... but you don't really want this outfit to consume your imagination, your time, or your calendar.

You should aim high, and hope they go away.

You can take it as a given that they are ALWAYS shopping for a cheaper contractor -- across the board.

It's a reasonable bet that they already have an EC, too.

Their game plan can only take one form: get rolling ASAP... then cram down every tradesman they can... replacing each and every man with a cheaper, faster trooper. This swap out of talent is at the core of their business model. Hence, they are worthless as even a medium term business prospect.
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Old 11-11-2016, 07:35 PM   #20
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You might put your toe in the water... but you don't really want this outfit to consume your imagination, your time, or your calendar.

You should aim high, and hope they go away.

You can take it as a given that they are ALWAYS shopping for a cheaper contractor -- across the board.

It's a reasonable bet that they already have an EC, too.

Their game plan can only take one form: get rolling ASAP... then cram down every tradesman they can... replacing each and every man with a cheaper, faster trooper. This swap out of talent is at the core of their business model. Hence, they are worthless as even a medium term business prospect.


I get it, makes sense


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