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Updated about 10 years ago on . Most recent reply

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Christopher Ilvento
  • Developer
  • Monmouth County, NJ
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I am a Residential Builder and GC- I only do speculation houses(no customers)need advice.

Christopher Ilvento
  • Developer
  • Monmouth County, NJ
Posted

Need advice, I am looking to grow, and am having a hard time figuring out what to do. Do I hire a GC to run the flip houses? I have always done it myself, but since I can't be two places at once, not sure how to run job. I find the properties( I have my realtors license), design the layout, open walls, etc. I have my own subs, so when I have 1,2,3 or 4 flips at once, what is my best way to manage the houses( always did 1 at a time), I also need help with how to manage my new construction builds? Also, how to compensate for such services? I want to grow and have always done everything by myself. Also looking to buy an apartment building 21 units. This year probably going to do $3M+ flips, new construction. So what is step1,2, etc.? Any advice from people who are in a similar situation or are running larger scenarios, would be greatly appreciated.

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J Scott
  • Investor
  • Sarasota, FL
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

Hire a project manager, pay him salary/commission to align incentives and let him handle the day-to-day construction management.

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