Do you use a single contractor for rehabbing a flip or multiple?

[Divya R.]

Question for flippers: Do you use a single contractor for rehabbing a flip or multiple - plumber, electrical, drywall separately? What worked out better for you? In terms of costs and maximum profit? 

[Account Closed]

Hey @Divya R.

My main recommendation would be to base your choice off of how you plan to invest. If you are looking to do one project at a time then I would recommend finding one really good GC that you can build a relationship with. If you are looking to invest in rentals that would only need on going to minor repairs I would say build your list of sub contractors (plumber, handyman, vac, etc) it will be more cost effective for you with small projects. If you are going to go full tilt with rehabs big and small there are two key ways most investors will set it up, and its based on personal skill and preference I think. One they will hire a Project manager or a GC company that can handle all the projects for them from beginning to end, this helps them focus on finding more deals and funding them. Another part of the first one would be to have a few GC's thing here is you have to manage more people. Downside of this one is it can cost more but you also save your own time. The other option most do is Find their own team of subs and manage them. Saves money but they also have to spend a lot more time managing them. 

So in the end it comes down to your plan and strategy for investing and what do you want to do in it.