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Updated over 17 years ago, 06/26/2007

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38
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Mike Lindsey
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38
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Flipping minimal repair houses: Contract vs. Do It Yourself?

Mike Lindsey
Posted

My question is based on the scenario that you are taking out a mortgage to buy the property so as to leverage your money. When flipping houses in short time periods do you believe it is better to contract the services (i.e. painting, landscaping, and minor improvements on the scenario that the house was only needing minor cosmetic improvement and you were able to get it at an undervalued price) to get the job done quicker and more professionally so as to have it back on the market quicker which in turn will shorten the months in which you will pay the mortgage payments on the house, or is it better or equal to do the actual jobs yourself? Any feedback is greatly appreciated as always as well as any feedback on my idealism. Thank you very much in advance.

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