Rehabbing a flip/BRRRR by my own

[Rigoberto Torres Meza]

Just getting started, looking at deals and was wondering if any of you investors regretted the idea of rehabbing on your own (labor). I know it saves money but probably puts more time that the deal isn't making any money. Is it worth it when you get started but not anymore as you scale?

[Andrew Postell]

@Rigoberto Torres Meza thanks for posting!  Always great to hear from a fellow Texan.

There are lots of little issues here to what you are suggesting.  

One, if you need a loan - then the lender has to approve you to be a worker.  

Two, if you already have a full time job, you will now have TWO full time jobs.

Three, if you need a permit can you pull one?  If you can't, now you're in a space that might cause complications.

Now, sometimes maybe it does make sense to do some work....but generally speaking, we pay a contractor to do it. The BRRRR Method has years and years of history and success buying off market properties at a deep discount in a state of disrepair. If you have to do the work yourself to make the numbers work - then it's not a deal. Just offer less on the purchase price.

Hope all of that makes sense.