Best method for flipping a property?

[Jonathon Martineau]

As someone who is planning on getting started with fix and flips, why would you or why would you not go with contractors to do a majority of repairs? Obviously there’s usually some type of mixture most of the time.

My argument for doing most of the rehab is mainly because I have the knowledge/tools to accomplish a lot of the repairs, and also the money I could save by doing a lot of repairs at cost.

The main reason I would assume people would prefer contractors is probably the speed and efficiency?

I would love to hear what people think on this topic, especially ones who have experienced both!

[J Scott]

How many money are you saving doing the work yourself?

$20 or $30 per hour? 

If so, then by doing the work yourself, you're essentially creating a $20-30/hour job for yourself.

Does creating a $20-30 job for yourself achieve your goals?  If so, then go for it.  If not, hire it out.

Personally, I got into real estate so I could make $500 or $1000 per hour for my efforts.  So, unless I find a task on my rehabs that would cost over $500 to sub out, I'm not planning to lift a finger on any of my rehabs.