Should contract myself out?

[Joseph Medina]

Hey Guys, 

I have been on the fence with this idea for a little bit of time now, which is contracting myself out. I am not sure how valuable contractors are in the houston market. just trying to see what people think. from what I know and what I hear is that it is hard to find contractors. 

So i'm going to purpose an idea too, because I'm all about testing the waters and taking risk (history rewards the bold), how well received would it be in the investor community that instead of charging money I charge equity.  

So, for example, let's say an investor wants a kitchen remolded, like some basic stuff such as throwing some rock on the counters, wall, and floor, changing light fixtures, plumbing fixtures, paint, etc. The quote would be lets say $30K, and instead of paying cash I enter and share some of the risk with the investor and say I'll take 10% equity on a potential, for example, $300K ARV which is the equivalent of the $30K quote.

and we're talking like basic renovation stuff 

Some of the upsides:

1. Investor saves AT LEAST half  on the front end of the job, because all they're really paying , liquid cash, for is the material, I bring the labour (kinda like a traditional partnership)

2. They know I'm not going to bail on them, because now my paycheck is tethered to the property, and not saying I will do this, but if something happens to me all the investor is out is the material that they would of already had to pay for and they're back at square one finding a contractor to either demo and restart what I did, or finish up what I started. But let's be honest a contractor will squeeze every ounce of the job so the demo is a must LOL. And I DON'T get paid for the work rendered since I didn't complete the job. 

3. The job will get completed in a timely manner, once again, my interest is now tied up in the deal so it is also in my best interest to finish timely. 

4. The investor could potentially save on interest payments from the bridge money by taking out less money, again saving money on the labour side, and not worrying about the contractor splitting.  

some of the Cons: 

1. sounds kinda sketch...hmmm a little...

2. Investor gives up some equity 

3. ould take a little longer than normal, because I am a one man riot!  

again this is one of the many ideas that keep me up at night when I think of ways to do real estate. 

and we're talking like basic renovation stuff, not remodeling stuff like moving walls or relocating kitchens or bathrooms. that's only because it's just me.   (however there is potential to expand my little operation)

would love some feedback from my fellow houstonians and houston investors.