Kansas City

[Matt Roy]

Hello everyone, My name is Matt Roy and am at the beginning stages of getting into real estate investing. I have spent done time on 123flip.com and have started reading the House flipping book. My plan was to begin with flipping to build up cash flow to get into rental properties . I plan to finance my first couple flips and use my cash for rehab cost. I was trying to determine if its best to do these first couple flips myself to get started or hire a GC any feedback in this would be great. Also looking to connect with other investors in this market and take part on some meet ups. Happy Investing!

[Jason Hill]

Sounds like you are starting about the same way I did. I read up on J. Scott's books on flipping and rehabbing and then went out and purchased my 1st rehab. Now, I am on my 2nd rehab and hope to purchase 1st rental next month from rehab profits or refinance 1st rehab.

I did as much of the rehab myself as I could on rehab #1. My thought was to learn as much as I could about rehabbing work and price points of local labor and materials. So, I would recommend you learn as much as you can on 1st rehab, whether you have GC, use subs or complete work yourself.

From my experiences, GCs tend to be expensive and tend to be less flexible in scheduling and less understanding for the beginning investor. I would recommend to do rehab work that is comfortable for you and hire subcontractors for the rest. I believe this would help you learn as much as you can to prepare you to do next rehab and save you some money to increase profits incase rehab budget, purchase price and ARV is off.

I believe I tried to do too much of the work myself on 1st rehab and under estimated cost to rehab.

I believe the low purchase price will save me from my mistakes and allow me to make a profit.

Good Luck!

Fyi, I am investing in Topeka, Ks area.