BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 2 years ago,
Rehab a BRRR using permit as owner or find general contractor
I am rehabbing a SF for the first time (I do have few rentals but never did full remodel rehab before). I got several quotes from general contractors licensed and non licensed. The rehab work is full remodel of a house.
Option A: Hiring non licensed contractor and get permit as homeowner. Pay only labor cost to contractor. Material to be purchased by me.
Option B: Hire licensed contractor, pay labor and material both. Contractor gets a permit and all.
Option A is much cheaper and will force me to gain knowledge (which I can use in future rehabs) but I know it involves risk.
Option B is peace of mind but costly.
What do you guys suggest?