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Updated 6 months ago on . Most recent reply

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Matthew Banks
  • Developer
26
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44
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initial flip crew

Matthew Banks
  • Developer
Posted

I've done a number of BRRRRs, managing contractors and my own sweat equity, and see opportunities for more BRRR/flips. I'd love to move into this full-time but not sure how to structure the initial crew, compensation and insurance.

What size/type of contractor crew should I put in place to get things going (for 1-3 fam heavy cosmetic that does not require structural work, $300-500k ARV)? Core crew of 3 people min? Rough carpenter? Finish carpenter? flooring contractor? tile expert? (painter, electrician and plumber are all a given but they are focused and supplemental to the more major rough and finish work) Hourly rate range?

I assume we'd start on 1099 basis at least for a while until we feel stable enough to offer employment. If I'm the GC, and they are 1099,  would I still need worker's comp or would they be responsible for it themselves? I'd have a liability insurance policy but would they also need one?

**Sorry for the newbie sounding ques, but despite doing these projects for a while p/t, I'm struggling to figure out how to setup a steady operation.

Most Popular Reply

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Caleb Brown
  • Real Estate Agent
  • Kansas City
2,342
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3,343
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Caleb Brown
  • Real Estate Agent
  • Kansas City
Replied

Why manage people and do everything in house? If you have a good GC I would rely on them. If you plan to build a GC business that's different. If you are also doing an insane amount of volume that could be different too but seems like it would be over complicating it with hiring and managing people. Trades are in high demand and tough to manage

  • Caleb Brown

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