Creating my unfair advantage

[Michael E.]

Hello BP!

I just wanted to share my plan for creating an unfair advantage for myself. Another title for this post could be "From adversity to advantage"

1. Become a licensed contractor. In Michigan all I have to do is take a 3 week class, pass a test and pay some money. Class start tomorrow.

2. Use the "flood house" I have to practice my rehab skills and get real experience as a contractor. Doing the work myself is the only way to turn it into a win so this is a two for one.

3. Document everything and take lots of pictures and videos. Then post/talk about the progress to my social groups and networking circles. Showcase the kind of work I do well.

4. After it is finished, sell, re-fi or use as collateral for a personal note. Whichever option makes the most sense at the time.

If everything goes well I will have turned a terrible situation into an asset and created an unfair advantage for myself because I will be able to remodel or flip an investment property by myself. Also, making me a very attractive partner.

It's scary how fast things have moved for me and terrifying to think how fast things could move but as I heard somewhere on BP "Success always lays on the other side of fear".

"Now, go do something impossible." -Jason Drees

7 Steps to Hit an Impossible Target in 2022

[Joe Villeneuve]

Originally posted by @Bruce Woodruff:

I wish you luck. However, I'm not sure why you need a Contractor's license? Are you planning on being the GC for other investors? I can tell you for a fact that there is more $$ to be made in the REI game. So, why bother getting the license? Although it is so easy anyone can do it so I guess why not?

Kinda surprising that someone can build a house without any experience........wow....

 It looks so easy on cable TV though.