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Rehabbing & House Flipping

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Jeni Lu
  • Holland, MI
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Hire one general contractor or piece it out with multiple contractors?

Jeni Lu
  • Holland, MI
Posted Apr 23 2014, 22:55

I'm about to close on a house that I plan to rent out. It's a definite fixer upper (estimated renovations around $20K-25K). Should I look to hire 1 general contractor who can take care of all the repairs? Or should I try to interview and hire out all the different renovation projects (i.e. a plumber, an electrician, a roofer, etc) separately? The latter requires more time. Is there any cost savings? What do all the rehabbers out there tend to do?

Note: I'm still new to real estate investing. This is my 2nd rental property. :)

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