All Forum Posts by: Account Closed

Thanks Brian, if I end up doing it all myself I plan to live in it for a few months while looking for the next place and to make sure I didn't miss anything in my renovations. I'll call Kenton county on Monday and find out what permits I would need to pull and ask them what jobs need someone licensed.

Reading some of the other threads on here it is really mixed on the opinions of how much you should do yourself for various reasons. If I end up having it all done by contractors is it better to get one general contractor who knows what you want to accomplish or to spec out each job yourself? Thanks again!

I guess I should have clarified, the reason I am asking is I may be able to forgo the rehab loan and handle it out of pocket if I am able to do a lot of the work myself, just not sure what stuff generally legally has to be done by someone licensed, thanks!

Little intro about me since I'm new here. New to real estate investing, own one rental (with a 30 year traditional mortgage) in nky that was turnkey, been renting it out since March 1st, low on the cash flow side but its not nothing and I rented to somebody I knew, maybe not the best decision objectively but they are taking good care of the place so far.

I'm looking at purchasing a house that needs an extensive rehab, I'm talking to a lender about a rehab loan to use for contractors before doing the cash out refi. My question is how much of it needs to be done by contractors? I've done installs/replacements on a couple types of flooring, drywall, cabinetry, outlets, ceiling fans, toilets, showers, vanities, and faucets etc. I'm pretty handy and tend to pick things up quickly, I just don't know when it comes to the roof, electrical, plumbing, and hvac how much I would be allowed to do myself and what I need a licensed person to do or just sign off on, anybody have experience in this sort of thing? Thanks