Cambridge, MA · Member since 2017 · 42 posts · 6 votes
After over a decade of shuffling through liceneced general contracters it occurred to me having a full time crew could save a ton. When you sub things out it moves fast but it costs way more. Calculated the last 800k renovation would have been around 500k If we had a full time crew. Have no desire in becoming the GC just hiring a full time one. curious how you guys do it?
I think it depends on your portfolio, but my friend has over 100 houses, doing 5 or 6 additional flips a month and still doesn't have a full time crew.
But this same friend did create a company with a master plumber to do all of his plumbing work and if he doesn't have work for him, he can go drum up work from elsewhere but that's almost never necessary with 100 houses and 5 to 6 flips/month. And because they both own the company, my buddy makes money off his own properties. So he gets some of his own money back and his friend is more of an employee-type guy who now has guaranteed work and ownership in a business. And since it's plumbing and heating, it makes sense because it's usually big ticket items and maintenance. Plus since he's a master plumber, he can pull all the plumbing permits - which can be a real hassle.
Cambridge, MA · Member since 2017 · 42 posts · 6 votes
9y
Thanks Dave! So for the 5 or 6 flips a month is the plumber hiring out the same contracter for all this and working his plumbing into the deal? If so , I'm guessing he has stuck with one contracter over the yeats as many like using their own electrician, plumbers etc.
Cheers!