Flipping America 409, Cost of Repairs Pt 2
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We conclude our conversation and Q&A with Pat Dornan discussing the cost of repairs and issues surrounding the hiring and supervision of contractors. We talk a little bit about a package of documents I use in my business I call the Contractor Docs. These 11 documents include the ad I run to hire contractors, the application process, payment policy, Lien waivers, construction agreement and much more. I paid my attorney thousands of dollars over the years for some of these and some of the refinements in them have come from the various ways contractors have taken advantage of me. Even though they cost me thousands, I give them to you for free. All I want in return is your email address. Go to my website and click the link right on the home page.\\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: 877-55-ROGER (76437) \\xa0 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
The Flipping America Buyers Club bit.ly/flippingamericabuyersclub.com
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 possibilities .\\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:\\xa0
- This is good advice for most homebuyers. https://www.cnbc.com/2020/09/10/always-use-the-30-30-3-rule-before-buying-a-home-during-pandemic-says-finance-real-estate-expert.html
Questions from Listeners:
- Andrew from Ft. Lauderdale: \\u201cIs it possible for me to invest in houses in the Buyers Club and then do mostly nothing but receive payments?\\u201d
- Joseph, Wake Forest, NC: \\u201cIf we join the buyers\\u2019 club, is it possible for us to manage the sales process ourselves?\\u201d
- Samuel, Dallas, TX, Christopher, Atlanta, GA, John, Stockbridge, GA, Carol, Pasadena, CA, Peter, Wilmington DE, Maria, Jacksonville, FL, Suzanne, Lancaster PA, Jeff and Jessica, Phoenixville, PA: \\u201cIs it too late to try to join the club?\\u201d
- Adrian, Tampa, FL, \\u201cI could not join the call for the Buyers Club last time. Did you record it?\\u201d
- Marcus, Jackson, AL \\u201cThis is a pretty small town. I own a couple of rentals here, but am very interested in the Buyers Club. I\\u2019m nervous about owning rentals in towns I can\\u2019t get to easily. How would I make repairs. I haven\\u2019t been able to join one of the webinars yet.\\u201d\\xa0
- Candice, San Francisco, CA \\u201cWhat comes with membership? Documentation for purchasing and selling? Access to attorneys across the country? Is it broken down as to the additional fees? Do you own these or are we participating with you in the auction? Is it only through the broker you mentioned or do we find our own?\\xa0\\xa0