Own Home Project - GC’ing for first time

[Lucky Oldham]

I guess there is always a first time for everything. Though remodeling is not new for me but I have always been the person who had companies come into my house, quote the project, the selected one will do the work and then I write checks. My involvement has been in providing design as I felt they were good with designing the standard way which was not always the best.

I have ambition of being a savvy investor down the road – (buy/fix/rent or buy-flip-sell) and feel that I should have gone more hands-on with the past projects (kitchen/bathrooms/family room) to learn more basics. As we are looking to remodel our basement, I feel I should GC this project to gain that exposure. I guess it will be a great learning opportunity to understand deep dive details of remodeling and working with subs. Am I right in thinking that this experience will help me down the road when I will look at potential houses for fixing/flipping? I want to build that sound knowledge base that I can leverage later on and make better decisions. I know certain things that I need to look for. I have made a list of things that needs to be done but this is where I need guidance from BP members on how I should handle this. I will have a team of contractors but who among them (example – Framing/carpenter/ somebody else?) can be the one I can consult with? I am sure it is not easy but unless I jump into it, I don’t think I can learn as much.

Your feedback will be highly appreciated. Btw, if there is already any thread that has such discussion, the pointer to that would be great!