Austin, TX - Contractor for light flip
Hello all,
I'm a newbie investor (I currently own one triplex) living in Austin, TX. I am under contract for a live-in flip in Austin. It's a relatively "light" flip which is what I was seeking as my first attempt at flipping. My plan is to try to do some of the work myself so I can learn, and then outsource some of the work (knocking down a couple walls) so that I can get some experience managing contractors and ensure the larger projects are done properly. My plan is to hold the property and live in it for 2 years before selling. I'm looking for any advice in managing through this and recommendations of contractors in Austin, TX.
Here's some more numbers:
I'm purchasing the property for $524k (3bd, 3 bath, 2100 sqft, built in 1985 in the NW Austin area)
Estimated repairs: $30k (open one kitchen wall up, new appliances, new man made countertops painted cabinets, new vinyl flooring throughout, new paint throughout, remove popcorn ceilings.)
ARV: 585k
Thanks all!