My first flip I ended up doing the interior painting, exterior painting, hardwood flooring and the kitchen tile backsplash and some miscellaneous punch list items. I have only flipped 3 houses so far with varying hours dedicated to each. Then in my orchard I literally make nothing there per hour because Im trimming and planting apple trees how much does a landscaper cost? 9 per hour? This is a labor of love a little different sort of like a guy that washes his own hot rod. I get calls once a week or so but thats because I insisted on it. On income property its different if its smaller its a headache and requires management but larger projects often hands off just a check in the mail and a cam report to go through every month. How does one do that? Would I say I worked one hour a month on statement and 15 minutes a week with manager and for that 2 hours monthly I get xxk per month? I have one income property I have been getting checks now for 12 years and do very little but check over a monthly cam statement. I might only have an hour on the property. So I would go in the morning and meet a few people at 9 am then cut out and come back at 3pm for follow up and walk through see what happened. If you say managing the rehab I admit thats where my time is, in meeting people at the property then following up at the end of the day. I just think doing the labor cheapens yourself as an entrepreneur and I dont do much on my rehabs anymore. A deal like that I might have 150 hours labor into it since I might have been doing some of the skilled labor myself to save a few bucks. I was the person doing tile work laying carpets and install plumbing and doing some electrical work. Other deals I actually rolled my sleeves up on and then made 30k and I had so many hours into the project I was lucky if i made 200 an hour. Im always trying to figure out what i make an hour on a job.Ī rehab I am not spending much time on and I sell it and make 35k and it was a job where I spent an hour a day in the house for 60 days then sold it.

House flipper salary