Not using a GC?

[Erica Nagle]

We have our first project that will be closing in a couple of weeks. We learned the hard way that finding good contractors can be a challenge. No offense to the contractors out there! We are finding that many of the contractors are fat and happy. Not fat in terms of physical size but fat in their work load and pocket book. This means they don't have to care about customer service or worrying about their bid being competitive. So where does that leave those of us that are newer to the business and don't have the connections yet?

We've been advised in classes to not do this ourselves because we should let the experts do what they do best. I agree with this but when the experts are so expensive that it's difficult to make a profit is it worth it to just GC it ourselves? I must add that we are not new to real estate or rehabbing houses. We've built and rehabbed primary residences so we aren't that naive couple that doesn't know what a phillips screw driver is.