Long Distance Rehabbing Question!

[Ryan Phelps]

Hello BP!

I'm working on buying my first BRRRR property soon (have several I'll be putting offers on). I've got a great agent, lenders lined up, but I'm running into an issue with the rehab portion of this process. I have a great rehab estimation tool and get decent ballpark figures, but in the current market, a lot of the highly rated general contractors are fully booked and investors are last in the pecking order compared to retail customers or large developers. I've heard from a lot of investors in this area that GC's (at least good ones) are impossible to lock down due to the nature of the market.

I'm considering hiring individual contractors for all the different specialties, and trying to find a PM to oversee the rehab to make sure work is getting done. This is obviously much more time consuming and likely that I'll be paying higher prices (since I'd be viewed as a retail customer).

So I guess my question is, is it best to proceed by hiring all the subcontractors myself and finding a PM to oversee the rehab, or is there another way to proceed that I'm not seeing?

Thank you!!