Bring in an out of state crew to reduce construction cost?
I own a ~6200 square foot house on Martha's Vineyard that I would like to renovate and sell. Construction costs on the island are insane. I was speaking with an experienced flipper / investor this morning who thinks the cost isn't based in reality. It's more just that houses are already expensive, that it's a vibrant vacation destination, and builders decide to up their prices because they can. What I'm looking to do is bring in an out of state crew that does high end flips and be able to renovate for a reasonable cost. I came across a big luxury flip done in Vegas, where no detail was overlooked. It is absolutely beautiful and the rehab cost was ~$180k. Is it possible to bring in an out of state crew and pay them what they'd make in Vegas or slightly more? If I hire on island it could cost over over $1M. Open to any thoughts / ideas. Thanks!