Contracting on Rental Properties

[Ray Hutchinson]

Hi everyone I am new to the BP community and REI. When it comes to home renovations for fix and flip or fix and rent would you recommend hiring contractors or doing as much of the renovations yourself if you have the capability? I have the "handyman gene" as they call it that was passed down from my father. If I acquire a fixer upper would it be better to do as much of the renovation myself? I know that in terms of cost it would be a lot cheaper for most of the renovations. A little background info about me, I recently acquired my first home purchase in the DC Area which was a 1 bedroom condo just outside of DC in Arlington thanks to the VA Home Loan. Since my first property is turnkey I am looking to rent it out soon since Amazon will be building their new HQ here and it is literally across the street from the Pentagon so it would be ideal for military and government workers to rent as well.I am also thinking about investing in my next property and beginning to research the next place to invest, I am leaning towards the Midwest market. I would appreciate your input on this.