Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
10+ investment analysis calculators
$1,000+/yr savings on landlord software
Lawyer-reviewed lease forms (annual only)
Unlimited access to the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Michelle Grippo
  • Holbrook, NY
0
Votes |
4
Posts

purchased flip home on Long Island, NY

Michelle Grippo
  • Holbrook, NY
Posted

Hello,

I have just purchased a home to flip.  First flip but have a couple rental properties.

The home was purchased personally for cash.

I am a licensed general contractor with a small construction business. 

The work to be done is extensive.

Should I have a contract with my own S. Corp to do the work on my personal home.

Corp. is fully insured and licensed.

Any suggestions comments would be appreciated.

Just wanted to know what others did in this situation.

Thanks

Vincent

Most Popular Reply

User Stats

73
Posts
29
Votes
Diane Manders
  • Flipper/Rehabber
  • Patchogue, NY
29
Votes |
73
Posts
Diane Manders
  • Flipper/Rehabber
  • Patchogue, NY
Replied

Hey @John Cushing.  I just bought the property last week but I'll be there at least every other day and will be all over it. I act as my own GC and do all the ordering and purchasing myself so that I only need to pay for labor. I do need good local contractors though so please let me know if you can recommend anyone. Thanks!

Loading replies...