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JEROME GERAGHTY

GLO specializes in Real Estate and Business Law, including Real Estate Transactions, Buying and Selling a Home, Real Estate Investment and Landlord Issues; Business Formation and Development; and Contractor Issues and Mechanics’ Liens

 

Fix and Flip Deals and Working with Contractors

Contractors play a crucial role in fix and flip projects by helping investors:

  • Complete Renovations Efficiently: Skilled contractors can handle everything from cosmetic updates to major repairs, helping complete projects quickly.

  • Stay on Budget: Contractors can assist in creating a budget and timeline, helping keep the project financially on track.

  • Meet Local Building Codes: With knowledge of permits and inspections, contractors ensure the work complies with local regulations.

  • Access a Network of Professionals: Contractors can connect investors with essential tradespeople, including plumbers, electricians, and HVAC technicians.

Tips for Working with Contractors on Fix and Flip Deals:

  • Find a Good Contractor: Schedule meetings to gauge trust and compatibility.

  • Set Clear Expectations: Define roles, responsibilities, and payment terms upfront to avoid misunderstandings.

  • Stay Organized: Maintain clear communication and consider using onsite folders to track project progress.

GLO supports investors and homeowners in navigating contractor relationships to ensure compliance with Colorado laws and avoid common legal pitfalls, providing guidance on contracts and project management.

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