Getting started......

5 Replies

For a newbie in flipping, would you suggest hiring  contractor for repairs/repairs? I would you use people specialized in certain areas(plumbing, carpenter, electrician,etc) ?

Thanks Curt. I have family members that work in plumbing, electrician, etc. And wanted to confirm hiring someone that does complete rehabs versus separate individuals doing the job?

@Tanisha Blakemore  

Consider going to the local REIA speak to the president try to get a referral for trades that provide investor pricing.

Paul

If you are not familiar with the process of a renovation, hiring a general contractor to oversee and schedule all the subs will make the project go much smoother and faster, in my opinion. That said, it will cost you more money because he will get a percentage of the cost. I would use one for your first few flips so you can learn about the process. I am speaking as an architect as I have not yet flipped a property.

I agree with @Raven Parmer  . I would hire a GC if you have little experience. 

That being said, after a few jobs working around the GC you can get to know the process of sub contractors and possibly try to take on more of the management yourself.

Just a thought!