Episode Details

Vanessa is back!  On this episode my assistant, Vanessa Feil, is spending some time with me to discuss our systems for hiring contractors and rehabbing houses.  This was actually taken from a recent course video I made for the Fail Fast Flipping Beta program.  Since we're changing things up for the full 3F program starting in July, I thought this might be helpful to some of you looking to rehab a house or two.

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Show Notes

On this episode we cover:

• What we used to do before we developed our system
• What to look for in a contractor
• Why contractors having a license and insurance are important
• What certifications are needed to work with a contractor
• Key things to determine whether or not a contractor is a good fit
• How to make sure your contractor can think for themselves
• How and why to give your contractor full control of the rehab project
• Communicating with your contractor
• How to understand your contractor's plan (or even if they have one)
• The importance of walk-throughs
• How and why we've changed our method for paying contractors
• Eliminating the various moving parts of your system

Get the updated price list here:

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Tweetable Quotes

• “Always be straight forward” – Vanessa Feil
• “Its not just about working with the right contractor, but also about teaching them the right way” – Justin Williams
• “Dealing with people … can be hard” – Justin Williams
• “Contractors need to think for themselves” – Justin Williams
• “The more hands you put in the pot, the more it gets confusing” – Vanessa Feil
• “Start the rehab as soon as possible, and then end it as quickly as possible” – Vanessa Feil

Transcript

Click here to Read and Download the Transcript for Episode 46

Links and Resources

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