Are any serious investors self-performing their rehab's?

[Preston Dahl]

I've spent the last two years remodeling our 1912 craftsman bungalow home. This process has done two things. One, help me discover I love carpentry. Absolutely love it. I grew up a farm kid and have spent the last 10 years in an office doing sales/marketing. I enjoy and miss hard work and the process of working with my hands. And two, it started my curiosity for real estate investing and sent me digesting everything I could about the real estate game for the last 18 months. As

we all know, BP is fricken awesome and authentic in their education.

In two weeks I close on my first real estate property (picture below). It will be a buy and hold that needs a lot of work. I estimate $7-10k of rehab. (I have been using J.scott's estimating rehab costs book). Everything I read says that it is best find a good GC and hire out all the construction. Being a businessman I understand this logic. Delegate out what you are not good at (or can be easily hired out) and work on scaling your business.

But is anyone on BP self-performing their rehab's? As in having a tool in hand doing 50+% of the work themselves and hiring out a few trades (plumbing, HVAC, carpet, painting, basic demo help).

I should also note I do not like my job and plan to leave in the next year. I have debated starting a remodeling company or just self-performing my own flips for cash flow.

Would love to hear your feedback BP!

PD

[JD Martin]

Also keep in mind that most people (not all) that choose to do much/most/all of the rehab, at least at the beginning, are substituting sweat equity for liquid equity. In other words, if you don't have any money to start with, it's a way of letting your back get you further into the game. Nothing wrong with it - lots of CEOs started running coffee - but know when you've reached a point that you either don't have to do it any more, or are squandering your time on jobs that are unprofitable compared to an alternative use of your time. Using @J Scott's example above, if you're going to spend those hours finding something really profitable, you should probably do that. If you're going to spend them watching the Walking Dead and eating nachos, well only you can decide if the leisure time is worth more than what you were getting paid to do the labor.