Updated almost 10 years ago on . Most recent reply
1st investment reno
Hello all, I'm new to the forum but have been consuming a lot of helpful information over the past several months. I am about to close on a rental property in Buffalo NY, this will be my second investment property in Buffalo. The new property will need substantial work to get it rented. The property is a double and is adjacent to the single family home I currently live in. It is in an up and coming neighborhood that upon completion of renovations would garner good rent. This will be my first time undertaking a project that requires substantial work (all new windows, kitchens, baths, re-configuring walls, electric, plumbing, roof, exterior), so lacking experience with such a project I would welcome any helpful feedback. My thinking is to go one of two ways. Option 1 would be to do some of the work myself and hire out the skilled trades and maybe take the reno one unit at a time. Finding and choosing reliable, quality people is where I see this option being an issue, along with the time, which with 2 little ones at home on top of working full time is tough to come by. Option 2 would be to hire a G.C. to take on the project, which would likely be a substantially more expensive option. Again any recommendation would be greatly appreciated. Or anyone in the Buffalo area that could point me in the right direction regarding contractors would be awesome.