Flipping Houses as a Contractor

[Calvin Winters]

I am just starting out doing my own flips (working on closing on my first property actually) and I have been reading plenty of articles and opinions that flippers should not do their own work.  My situation though is that I'm a licensed contractor and the idea of hiring out work I am able to do just as quickly and cheaper as another contractor pains me.  I also know that I've had to go in and fix other contractors mistakes, so quality is another reason I'd be hesitant to hire out as well.  Right now I'm only taking on one property at a time so I'm looking for input from others, that if you are able to do the work yourself at the same quality level as a hired contractor does it make sense to do that?

Down the road I'm expecting my contracting business to build from just my one man operation to a bit larger, which would obviously change my flipping model, but I'm looking for some advice on the current situation I have.

Thanks in advance guys.

[Tom Palmieri]

Calvin,

I am a contractor flipper and have been at it for ten years. My profits were very small in the beginning (only 10k on my first flip) but I just kept rolling it into the next flip because my job paid my bills. I now have two homes worth over a million each and am now, for the first time considering doing multiple flips at once. I don't believe in risk vs reward. There is no reward, just risk. Reward comes after long days and sleepless nights. If you are like me, one job gone wrong could have broke me. 

So, with that said, every project I took on I did myself. Including the one I have now listed at 1295000.00 in Asheville. If you are a contractor, you now it only takes one sub to ruin a profit. My advise would be to keep your day job, work your flips, get no sleep, get paid. 

Best of luck to You