How Early is Too Early? Contractor Looking to Get into Fix and Flips

[Trent Quinlan]

Hello All,

I'm new to BP, and new to the rehabbing/rental scene in general. 

I'm a residential contractor and I would like for my business to focus on full rehabs rather than smaller jobs for individual customers. It is a move that I have been wanting to make for the past few years, just haven't really known where to start. A recent slow in leads has made me decide that now is the time to move into real estate, my long-term goal.

I am well-versed in contracting, estimating, etc. I am very excited for that part of the process as I will be GCing my houses. My dilemma is this: I have limited capital. I'm not sure how much I would need to cover for the purchase, and I would need to continue paying myself and employees during renovations. I am more than willing to partner with other investors especially for my first few houses. I could take care of all renovations, I just need capital. Is this a desirable situation for an investor? Am I making this move too soon, when I should be focused on building capital?

Any and all thoughts are appreciated. Thanks

[Doug Spence]

@Trent Quinlan Your skillset will always be in demand. I recommend going to in-person meetups in your market and providing value to others about GC work. I don't know if I've ever seen a GC/contractor at a local meetup, so you will be able to give a lot of great advice, and in turn, people will want to connect with you and learn more about your goals. 

That's how partnerships start! Be patient and provide value first. 

Good luck and keep us updated!