New and Ready for the journey!!

[Julian Joseph]

Finally, I took the red pill that was spoke about in the recent podcast and realized this is what I want! I plan to do as much due diligence as possible. I already ordered the book “Build Wealth One house at a time” and have been digging my nose into anything possible to learn from. I recently booked myself for a meetup/network event for tomorrow as well in Orlando FL. If you are in the area at all hit me up!! One question I have could be answered tomorrow but I thought why not ask here! When purchasing your first property, and you realized it needs some fixing, at what cost do you consider contracting workers and at what point do you consider doing it yourself? All considering you have a day job and most free time are weekends. Thanks!! I’m exited to learn and to learn thru experiences!

[Charles Soper]

welcome to the adventure @Julian Joseph!  The answer, we’ll my answer is “it depends!”

Are you a contractor or tradesman with a network that can get wrk done for less? Are you handy or do you have two left thumbs that you bang hammers with? Are you self-funding the whole deal where time may not matter so much or a high-interest hard money loan where the faster you finish the more you profit? Are you living in it (house hacking) or doing a BRRRR for cash flow? Do you want to grow slow or fast?

This is a pretty individual choice that comes down to your goals and abilities.  Personally I wouldn’t mind swinging a hammer but know there are better qualified people to do what you need done?

An exercise to do: How much is my time worth?  Does it make sense at that hourly rate to swing a hammer? Do bookkeeping? Manage properties?

You’ve found a great place to ask questions like this!  Invest in yourself and your business and buy/borrow a couple dozen books and listen as many BP podcasts as you can (and others), turn off the music on your commute and turn up a podcast.

To your success...