When I started fixing and flipping houses back in 2002 I didn’t know anything about home remodeling or construction. After 14 years in the business, and more than 200 houses later, I still don’t.
The truth is I don’t know how to…
Neither does my partner Manny (that's him in the picture with the sledgehammer, the only tool we allow ourselves to touch on the job site).
To be successful at fixing and flipping houses you don’t need to know how to do any of this stuff. We don’t do any work at our fix and flip projects, and neither should you. Here’s why:
You’re not good at it.
You have more important things to do.
You’re Not Good At It
I don’t care how many HGTV shows you’ve watched, or how many improvement projects you’ve done at your own home, chances are you suck at remodeling. Okay, so maybe you don’t suck. Maybe you’re very talented. But you’re really slow, and time is money in this business. Hiring professional trades insures your fix and flip will get done right, and fast.
Manny and I have the perfect business marriage. I find the deals and he manages the rehabs. Regardless of whether you plan to fix and flip 1-2 properties at a time, or scale up, there’s no way to get your projects done on time and on budget if you’re tied up painting walls or installing tile. Your focus should be on finding new deals and keeping the deal (or deals) you have on schedule.