The Carpenters Advantage

[Jacob Y.]

Hey Everybody,
My co-worker and I are looking to get into real estate, and I am wondering what ideas people have for carpenters. Are there other carpenters who got into real estate who have advice and experiences?

Obviously i'm thinking we can rehab a property with the labor being "free", so fix and flip could be an option where we could increase our margins with some sweat equity. Advantages, disadvantages to this strategy? Also thinking that up to a certain point we could do all property management ourselves. We could also put labor into buy and hold properties, decreasing repair/rehab costs. Are these viable strategies to get started? Are there other ones? Anything else we should consider or know with those?

Thanks in advance!