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Updated almost 4 years ago on . Most recent reply

User Stats

8
Posts
3
Votes
Clyde Wellman
3
Votes |
8
Posts

Being own contractor vs hiring a contractor

Clyde Wellman
Posted

Hey everyone!

I currently have my general contractors license and looking for a property. I have always had the question of whether to do the work on my own or to hire it out. I know it will take longer to finish the project myself, however I believe I'd save more monthly than the holding costs for a property. (example holding costs could be $2,000/ month) But I could easily save that renovating 2 bathrooms on my own within a month (assuming it costs $5,000/ bathroom). Eventually I plan to hire out in order to scale. I am just seeking more experienced investors opinions. Thanks in advanced!

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