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Hire a General Contractor or Self-Manage Your Home Renovations?

Episode #422 You have home renovations in the pipeline…but who’s going to manage them? Do you need the expertise of a general contractor, or can you manage tradespeople yourself? With so much at stake, including your budget and timeline, we’re here to help you make the right choice! Welcome back to another Rookie Reply! In today’s episode, we’re bringing you expert tips to help with your renovations, from hiring general contractors to structuring agreements and more. We also talk about what to do when you’ve got around $100,000. Between house hacking, flipping houses, the BRRRR method, and other tactics, the sheer number of options can seem overwhelming. But not to worry—we’ll point you in the right direction! Feel like it’s too late to invest? We’ve got some expert investing strategies to share, even for a late starter. Finally, we discuss some creative ways to buy rental properties, including seller financing, DSCR loans, and more! If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group, call us at the Rookie Request Line (1-888-5-ROOKIE), or click here: https://www.biggerpockets.com/reply?u... ~~~~ Join BiggerPockets for FREE: https://www.biggerpockets.com/signup?... ~~~~ Join the Real Estate Rookie Facebook Group:   / realestaterookie   ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders ~~~~ Property Manager Finder: https://biggerpockets.com/findapm ~~~~ Submit Your Real Estate Rookie Question! https://www.biggerpockets.com/reply?u... ~~~~ Ask Your Investing Question in the BiggerPockets Forums: https://www.biggerpockets.com/forums?... ~~~~ Books Mentioned in This Episode: “The Book on Flipping Houses”: https://store.biggerpockets.com/produ... “The Book on Estimating Rehab Costs”: https://store.biggerpockets.com/produ... ~~~~ 14 Questions to Ask Before Hiring a General Contractor: https://www.biggerpockets.com/blog/co... ~~~~ Real Estate Rookie 192 - Rookie Reply: How to Choose Your Real Estate Investment Strategy: https://www.biggerpockets.com/blog/ro... ~~~~ Connect with Ashley and Tony on BiggerPockets: Ashley: https://www.biggerpockets.com/users/e... Tony: https://www.biggerpockets.com/users/t... ~~~~ Shoot Ashley and Tony a Question on Instagram! @wealthfromrentals or   / wealthfromrentals   @tonyjrobinson or   / tonyjrobinson   Show notes at https://link.chtbl.com/Rookie 00:00 Intro 00:41 How to Invest $100K 07:14 Hiring General Contractors vs. Self-Managing 16:34 General Contracting Agreements 22:39 Is It Ever TOO Late to Invest? 29:06 Investing with a High DTI Ratio 36:45 Send Us Your Question!