Hi Guys. Love the blog! Thanks so much for sharing your experiences with us; it’s awesome to see. Flipping a house is something my husband and I have wanted to do for a while, but aren’t really sure where to start. We both have full-time jobs, so I’m not sure if we even have the time. Do you do the work yourselves, or do you have contractors? Thanks so much. I can’t wait to see how your latest project turns out – it’s huge!
Thanks for the email and the
kind words! Great question. We’ve done both.
For our first property (a rental) we basically did everything ourselves (paint, tile, flooring, bathrooms, finished basement, etc). The rehab took a total of 63 days, with my father and I working most weeknights from 6-10 and then weekends from 8am – 8pm. We subbed out plumbing and the garage rebuild. Between my full time job and the rehab, I was working about 80 hours a week. It wasn’t ideal, but we saved a lot of money. We also do most all of the work at our other rental properties. If you’re not afraid of putting in the time, then by all means do the work yourselves! It’s a great way to appreciate and understand everything that goes into a rehab.
That said, I’ll probably never do that again. For our Century Home flip we’ve subbed out the entire scope of the project, from electrical and plumbing to paint. There is certainly pieces of the project we could do ourselves to save some cash, but given the size of the house there is no way we’d be able to meet our project timeline. Managing a crew is a full-time job in and of itself, so while I may not be laying tile I’m sure I’ll be glued to my phone.