Episode Details

In this episode of Beers with Contractors, Will and Terry discuss Terry being “voluntold” to judge the Oklahoma Parade of Homes, touring about 60 homes from Edmond to Blanchard around a $1.2M price point and evaluating categories like staging, layout, craftsmanship, finishes, technology, and lot desirability, while noting energy efficiency wasn’t a focus and that judges largely agreed on top picks. They then shift to Terry and Carrie’s real estate investing, including acquiring mostly off-market properties through networking and direct outreach, and renovating a 1908 building purchased for about $150,000 with estimated renovation costs around $225,000, emphasizing doing much of the work themselves and considering mixed-use tenancy. The conversation highlights how tradespeople can leverage skills, networks, and patience to build long-term wealth via property, plus reflections on communicating with younger generations and basic business-versus-salary tax concepts.

00:00 Introduction

01:48 Parade of Homes Invite

04:16 Judging the Builds

06:45 Energy Code Talk

11:24 Historic Building Purchase

15:41 Rental Portfolio Lessons

20:24 Finding Deals Off Market

24:11 Guthrie Building Details

24:39 Off Market Deal Making

26:09 Neighborhood Prospecting Tips

26:55 Shared Vision And Risk

28:16 Business Trusts And Wealth

29:49 OU Talk And Money Lessons

34:00 Gen Z And Social Media

38:21 Taxes Salary Vs Business

41:51 Mixed Use Tenant Strategy

42:41 Airbnb Reality Check

46:36 Renovation Budget Breakdown

48:50 Refinance And Risk Mindset

51:41 Closing Toast And Disclaimers

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