If you’re going to fix and flip houses for a living – whether you’ve done one or two or you’re just thinking about getting started, there are plenty of ways to make the process more profitable (and easier, too).
One of them is to avoid working with subcontractors and work only with general contractors.
While this won’t work in every situation, and it may not be the right choice for you, there’s certainly a case for working only with general contractors.
Why Should You Work Only With General Contractors?
When you put more variables into a math equation, it becomes more complex and harder to solve. The same is true in flipping houses.
You could hire one general contractor who will handle everything with his or her own subcontractors – electrical, plumbing, HVAC and everything else. If that general contractor is managing everything for you, your life becomes infinitely simpler – and while it may cost you a little more money for the convenience of having someone dot all the is and cross all the ts, you might find that it’s well worth it.
Are You Looking for a Hard Money Loan to Buy a Property?
Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.
Read our frequently asked questions and take a few minutes to learn about the hard money loan process.