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Calling In Your Rehab Team

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When flipping a house, you can do as much of the fixing up as you’re qualified, comfortable, and willing to do. (See Chapter 14 for details on distinguishing between do-it-yourself projects and hire-a-pro projects.) For those hire-a-pro projects, hire a contractor or subcontractor:

 A contractor (or general contractor) is the boss. This person manages the budget and workflow, hires subcontractors, coordinates the work from start to finish, and hands you the bill.

 Subcontractors perform specific tasks, such as wiring, plumbing, and installing ductwork. When you hire a subcontractor to do a specific job, you’re acting as the contractor yourself.

On isolated jobs — jobs that require only one subcontractor — you can often do the contracting yourself. For more extensive projects that require the coordination of multiple workers, a general contractor may be better suited. To me, a general contractor represents additional overhead I don’t need to pay for. By working closely with the subcontractors to coordinate the work, you should be able to handle the general contracting yourself, but if you have any doubts about your own abilities in managing the project, hire a qualified contractor. See Chapter 13 for guidance on building and managing a rehab team.

If you decide to play the contractor role, obtain a permit before starting work on any project that requires a permit, such as installing a pool or building a room addition, deck, or garage. If you don’t obtain a required permit, authorities may show up and issue a stop work order. You may have to pay a fine. If you’ve already completed the project and the work doesn’t adhere to local building codes, you may need to redo or undo the work at your own expense. Ouch!

Flipping Houses For Dummies

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