Updated over 3 years ago on . Most recent reply
Help! I need somebody...Contractor conundrum
I am new to the real estate investing game with a little under a year under my belt. Currently, we have three properties (1 finished, 2 under renovation) and another one under contract waiting to close.
I have learned so much from the podcast and am challenged in creating systems with my contractors/teams as we renovate these properties. What is the best method to scale your team/business to be able to handle a bigger load as you acquire more properties?
My tax strategist is encouraging me to start another LLC that is a management company in which I can have all "subcontractors" hired in that specific company to then go and bid the work through my house projects.
Is this smart? Is anyone doing this?
Most Popular Reply
Nope! Keep it KISS -- "Keep It Simple Stupid" Too many moving parts. Don't get me wrong, I love the interactive world of real estate, but you should have a pulse on your business goals and objectives. You should be guiding the boat or you should connect with a mentor who can get you to the shallow and deep water until you ae able to swim on your own. Best Success!