When rehabbing for BRRR, do most of you do work yourselves?

[Marc Belisle]

Hi all, 

I am currently educating myself on perhaps using the BRRR method in the future for investment properties. As a full-time medical professional I have no time to do rehab work myself. Generally speaking, does contracting out the work evaporate too much of the money and make the numbers not work? Also, many contractors are very unreliable in my area (so I hear from so many folks) and I don't see how I could expect the job would be done on time. What are your thoughts?

[Dave Grimson]

in my opinion this is one of the most difficult aspects of real estate investing - getting a good reliable team in place.  Even if you have the time to do most of the work yourself, you will still need some experts to "bless" your work or finalize items if you are not a licensed electrician for example or replace a boiler if you are not HVAC certified.  There are always good contractors out there but in my area (Connecticut) they are usually booked so make sure that you are networking and building relationships with these people.  I like to take my people to potential homes before making an offer if possible, that way you can get an estimate, book them for the job if you do end up getting the property and they already have the details for a work order.  The costs will come down as you build good systems and a good team with repetitive work, but that will take some time.  Just know that your margins might be a bit lower as you are starting out.  Hope that helps.