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Updated over 8 years ago, 04/13/2016

User Stats

22
Posts
4
Votes
Clayton Miller
  • Realtor
  • Columbus, IN
4
Votes |
22
Posts

DYI or Sub it out?

Clayton Miller
  • Realtor
  • Columbus, IN
Posted

So I am new to the forum, just made my first investment property purchase last week and bought a house for $25,000 cash.  3 Bedroom, 2 bath, attached garage on slab with fenced in back yard and shed.  Comps in the area are $85-$115. It is currently cut 4ft. up drywall, floor removed and full of junk.  

We have to put down new floor, small amount of electric after a new panel, redo most plumbing(above slab), new roof, new HVAC, new bathrooms, most likely new garage door.  Here is the question...

My partner and I have full time jobs.  I am a digital advertising director and my partner is a full time contractor.  We have been rehabbing other people's homes for the past few months now and are comfortable doing all of this work ourselves, neither of us have any licensing.   How do I know if it is worth it save money on doing it ourselves and not having a renter in it vs subbing it all out to gett a renter in it faster.  

Need some advice for a newbie...

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