Is it helpful to be handy?

[Ezra Harris]

Lately I have entertained the idea that being handy might not be the best quality of a investor.

Obviously this depends on your investing goals..

But➡️

Here is the question.. how can a “handy” or “gifted” builder grow without getting in his or her own way?

Building a portfolio of great investments without loosing the joy of working with your hands and being a part of the day to day.

[Shawn Coverdell]

Our first 10 properties my wife and I did ourselves. We at least doubled up on each one. I believe this was the biggest part of our growth.  here is a big hint. We now hire most of the work out. I fired 10 guys for every one I kept.  so far all of the investors that I know who hire contractors, give up huge chunks of profit and they are way behind us. I mean ALL of them!

Now with that being said, if you can somehow make profits while paying contractor prices then go for it because anything is better than a W-2 job right?

But, if you are looking to  come up FAST, you better learn fast on how to remodel homes. This also eliminates a lot of risk by increasing your margin (ie Cash flow).

Also, I can spot a scam in less than a minute in most cases, just by what they say. You just know. I can't even explain it. 

Have you been quoted 10K for a new roof. Same roof cost me less than 3K and I hire it out. Learn how to do the work and you will learn how to hire workers and what to look for later on in the game. 

I have heard many say your time can be spent more wisely. I say, buy some knee pads and get them dirty. 

Your best education is not buying a pack of CD's from some famous person that sounds cool, it is buying a trashed house and making it look great. You will learn everything you need to know from doing that. All the numbers will become crystal clear. 

It's a HUGE DEAL.