Hiring a sub-contractor full time

[Chris Marette]

Hi Everyone,

I am in need of advice on whether or not it makes financial sense to hire my sub-contractor full time on a fixed cost. This year we acquired 10 properties and our goal for 2021 is 18 properties to fix and flip.  We have been working together for about 3 years, he is looking for security while I would love to have someone on board that could handle many parts of our projects. He does all of our tile work (master bath, guest bath, powder room, backsplash, chimney), flooring, baseboards, crown molding, make ready (door handles, cabinet pulls, mirror installation and final touch-ups) amongst other things that come up during rehab. Let's just say he is extremely valuable, reliable and versatile. He is looking for $6,000 a month and he would be solely working on all our projects. 

Although it makes me uncomfortable to commit at that price, if I believe in my business and the growth trajectory this makes sense.

I would love to get the input from the BP Community and see if this is a good choice in order to scale the business? Any advice or tips would be appreciated.

thank you