In a previous post I wrote about Bob Vila’s How To Library and how sometimes it is okay to do small repairs yourself. Making repairs at first if you are just starting out is also alright as it is good to learn how to do a few things so you won’t get ripped off by a contractor. But learning from a resource like Bob Vila is even better. It is learning without actually repairing.

But as the title of this post suggests being the deal maker is what the house flipping business is all about. You as the business owner are the problem solver and the deal maker. Your job is to focus on helping the motivated seller get rid of their problematic property and to find your next deal.

You will only be as profitable as your next deal. It is far better to spend the extra money on budgeting in a contractor to do the repairs and make a little bit less on each deal than spending months and months doing the repairs yourself.

In the time you will spend doing the repairs yourself you could have spent that time finding a few more deals that will yield you a continuous profit.

If you approach this the right way you will come out on top. You should not try and hit a home run on every deal by saving money repairing houses yourself. You will do far better if you profit smaller consistent amounts over time than hitting a home run once a year.

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