To Contract or Not to Contract

[Joshua Randall]

I am about to begin the process of acquiring investment properties with the intention of using the BRRRR method. Finding financing and deals is not the area where I'm struggling getting started the most, but it's whether I need to seek out a professional contractor to hire and do the rehab or take the time and effort myself and do the cosmetic work/repairs the home needs. Which route is better and what have you found that works best?

[Nicholas L.]

@Joshua Randall

the bottom line is that, for a BRRRR to work, you need a major boost in the ARV.  so that typically means you're either (1) starting with a pretty distressed property, or (2) finding something where you can add bedrooms and bathrooms.

a cosmetic rehab generally doesn't cut it whether you do the repairs yourself or hire them out.