Podcasts Business Flipping America Flipping America 329, Contractors

Flipping America 329, Contractors

Published: Feb. 4, 2020, 5 p.m.

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Today we are going to deal with one of the most often asked about topics that come to the show. Finding contractors. Or more specifically, finding GOOD contractors. A good contractor can make your business and a bad one can break it. Ask me how I know this. In a few minutes I will tell you what type of contractors you might need, how to find them, how to vet them, and how to manage them. All of this in response to questions from you!\\xa0

How to contact us

www.RogerBlankenship.com. Leave a voicemail right from the home page!

Facebook.com/flippingamericamedia

Twitter and Instagram @FlippingAmerica

Call our National Comment Line: 404-369-1018, ext 1. Leave your message or your question.\\xa0

Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don\\u2019t mind.\\xa0

Sponsors

American IRA: www.americanIRA.com

Civic Financial: bit.ly/CivicFunding

Announcements:

  • The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.\\xa0\\xa0
  • Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It\\u2019s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
  • FlipCalcs allows you to enter one data set about a property and consider up to six deal ppossibilities.\\xa0
  • \\u201cReal Estate Investing Quick Start\\u201d Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart.

News: Are we heading toward recession?

  • From Goldman Sachs, Financial conditions continue to ease, which should be a tailwind for economic growth.\\xa0
  • From HPS Insight, Consumer sentiment remains elevated
  • Growth in revolving consumer credit is falling behind the increase in wages. According to TS Lombard, this indicator typically spikes heading into a recession or periods of perceived economic stress. TS Lombard
  • John Burns Real Estate Consulting, Single Family construction permits continue to rise, now in the 9th year. (expansions typically last 2-5 years)

Topic: Contractors\\xa0

Resources: https://www.nascla.org/page/LicensingInfo

Your Questions: Send emails to questions@rogerblankenship.com

  • Arlene, Austin, TX, \\u201cI need help finding a good contractor. The guy I\\u2019ve been using has been ok, but he\\u2019s retiring.\\u201d\\xa0
  • Sammy, Brookfield, WI, \\u201cDo I need to line up a contractor before I find a deal? If so, how do I do that?
  • Kenneth, Lancaster, PA, \\u201cI was told to get three bids before beginning the work. I can\\u2019t even get someone to come out and give me one bid. How do you get three?\\u201d
  • Michelle, Tampa, FL \\u201cI don\\u2019t have any problem finding contractors, but I need help knowing if they are any good. Can you offer some thoughts?\\u201d
  • Wes, Jacksonville, FL, \\u201cWhat questions should I be sure to ask when I\\u2019m interviewing a contractor?\\u201d
  • Beatrice, New Port Richey, FL, \\u201cWhat are the two or three most important things you look for when hiring a contractor?\\u201d
  • Marcus, Boulder, CO, \\u201cHow can I know whether the contractors are charging me a reasonable price?\\u201d
  • Elliott, Pittsburgh, PA, \\u201cI was checking on a guy - seems like a real nice guy. But in the state records, I see he has had a couple of other companies that seem like they are in the same business. It\\u2019s almost like he shut down a company and then started another one just like the one before. Why would he do that and should this make me cautious?\\u201d
  • Marilyn, Chattanooga, TN \\u201cI tell my contractor what I want, he says it won\\u2019t work and suggests something else, which I think will be ugly. We are talking about removing a wall. I want the beam up in the rafters and he says it\\u2019s too much trouble and expense. I don\\u2019t want the beam hanging down creating a visual divider. We had a big argument about it. When I came back to the site a couple of days later he was doing it the way he wanted. I lost my cool and yelled at him. He picked up his tools, loaded up his guys and left. Now I can\\u2019t get him back and he won\\u2019t answer his phone.\\u201d
  • Peter, Baton Rouge, LA \\u201cDo you have a contract I could borrow? I need a template or something.\\u201d
  • Juan, Pontiac, MI.. \\u201cHow do you handle change orders?\\u201d
  • Amero, Toledo, OH \\u201cWe installed a new air conditioner unit outside. The next day it was stolen. The police don\\u2019t seem interested in trying to track this down - I guess they have more urgent things. They did tell me that the person who stole it knew how to disconnect it. What can I do to avoid this in the future?\\u201d
  • Catherine, Kokomo, IN, \\u201cCan\\u2019t I just be my own general contractor and hire subs myself?\\u201d

Comment Line calls and Questions

Call 404-369-1018, press 1 and leave your message!\\xa0

Motivational Thoughts for the day

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\\u201cThere are TWO Rules for Success. 1. Never tell everything you know.\\u201d -Roger H. Lincoln

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