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Investing Strategies

How To Rehab Houses For Minimal Cost and Maximum Profit - Part 5

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construction FailHey Moguls, Lex Levinrad back again, continuing my informative series about rehabbing houses. If you’ve missed the previous lessons in this series, start here with Part 1.

Last time, we talked about the importance of why you have to separate labor costs from material costs, and I went into pretty good detail regarding some aspects of the materials.

Today, we’ll talk specifics about labor costs and the timeframe of rehab jobs.

Labor of Love

Let’s first discuss how much you’ll likely be paying your labor for a rehab project:

  • You need to find a handyman who will work for an agreed upon daily labor rate. The typical going rate in most parts of the country is around $15 an hour for a…

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