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Updated over 5 years ago,
Should I use a General Contractor for my first Rental?
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? :-)