If you’re rehabbing a rental, performing a BRRRR, building an ADU, or even getting into new construction, now is a challenging time for you. With supply chain problems, limited materials, and all-time high housing prices, contractors are in low supply. Even when you do schedule a project, the likelihood of your contractors showing up on time can be slim at best.
David Greene is back with another round of coaching calls to give his take on this current contractor crisis, as well as answer questions on the BRRRR strategy, the turnkey rental method, going over budget, and how to stay focused when investing. If you’ve struggled at all with anything related to calculating rehab budgets, liens on properties, and managing contractors yourself, be sure to write down David’s suggestions.
Have a question about real estate investing you want to ask David? Want to help other investors in your position? Submit your question here!
David:
This is the BiggerPockets Podcast show 556. And if I can put myself in that state, my emotions will line up with if this is a good idea or not, oftentimes you’re like, “Oh, this is terrible property.” I had rose colored glasses when I was first looking at it. Now this doesn’t look good at all. And you get the habit of doing that over and over and over. And eventually your own reticular activating system will see a property that you used to get excited about and be like, “No, thanks. I don’t want anything to do with that one. I’m going to keep looking for these deals that I’m not going to run into these problems with.” And when you get to that point, then you can ramp it up again.
What’s going on, everybody. Welcome to the BiggerPockets Podcast. I am your host today, David Greene, today is a bit of a different episode than our typical interviewing one investor. We’re actually going to be interviewing three investors who have specific problems that they are trying to overcome in their investing career. And I will do my…