Posted by Jen-LA on May 17, 2000 at 16:22:08:
I’m not necessarily an “experienced” rehabber, but the contractor I use has never asked for any % of the profit. I’m confused here, why would they ever be entitled to a % of your profit?? They get paid to do what they do, period. Now, my contractor does do his own rehabs now after seeing how much I make on them.
But thats his own business- I know I’m not helping here, and maybe it’s common practice in other places to do this, but this doesn’t sound like a good deal at all. Do you HAVE to use this person??? Just my .02.