The cheapest guy that is willing to paint your house (or fix plumbing or do the roof) for almost nothing is cheap for 2 reasons.
1. He is dead broke, desperate, behind on his child support payments and may be about to go to jail. He has been fired or gotten into fights with the last 10 people that hired and trusted him and he has no chance in hell in ever getting hired by his previous clients. Heck he can't even give you two lousy references.
2. He is going to do everything himself. For what you are going to pay him, he cannot realistically hire anybody to help him during the project. It is going to be a one-person show.
Do you really want to bet your own $20,000 check on this guy? You can't sell the house till it is fixed, yet most real estate investors who are cautious enough to read every single line of a purchase agreement yet strangely feel compelled to act brave enough to trust THIS GUY to take them to end zone.
Remember what mom used to say when we were all young... when something sounds too good to be true, it usually is.
Turns out that mom knew more about running a business than a whole lot of folks running around with LLC's and PA's in their names right now.
