Building A BRRR in Tulsa Area...Possible?

[Rick Martinez]

Build, Refi, Rent, Repeat?

So I almost got a BRRR under contract a couple months ago, but the wholesaler sold it to a personal buddy instead. Finding it difficult to find a BRRR deal in Tulsa area. I know eventually I will score with a hud but even those get snatched up. Been considering hitting a couple neighborhoods with direct mail over the winter. But recently I have been thinking what if I could be my own general contractor and build a house for $80 sqft and get it to appraise for $100 sqft. I know building prices are at a high at moment but just curious what others thought. I have a friend who builds in Owasso and said they only make $15k net on a house, which seems low cause companies like Ubuildit make it sound like you can have $40k in instant equity when you are your own general contractor..ha..probably a gimic. Anyways has anyone done this...build a BRRR?

[Tracy Streich]

If you have no experience as a general contractor and don't have a long standing relationship with sub contractors for framing, sheetrock, plumbing and electric my guess is this would not be a good plan.   Most GC's have crew they work with and send them lots of business and this drives down their cost.   If you are the fill in guy for the subs they will take advantage of that and it will cost you more.