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Updated over 5 years ago,

User Stats

28
Posts
3
Votes
Alex Smith
  • Tonawanda, NY
3
Votes |
28
Posts

Should I use a General Contractor for my first Rental?

Alex Smith
  • Tonawanda, NY
Posted

Hi Folks! 

I have a two unit duplex opportunity, and have painstakingly put together the numbers and contractor bids for everything that needs to be rehabbed.  I have all of the subs that I would need do the project.   *I will be living in one of the units and can afford the mortgage on my own*.

My question is, do I really need a General Contractor to run the project in this scenario?  I feel like I'd be wasting 10%-%15 of my budget on GC fees, when I'm not exactly on a rush time schedule.  Since I will be living in one of the units, I can take my time.

However, as a newbie, I realize that there is a lot I don't know, so, I'm asking my Biggerpockets family!  Should I skip the General Contractor this time around, or should I get one, especially since this is my first rental?  What say ye? :-)

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