Why Contractors Make Bad Real Estate Investors
Manage episode 380207292 series 3501717
Here's the deal – there's a common misconception that a In my own journey, I initially struggled as an investor because I was thinking like a contractor. I'd see a property and think everything needed a complete overhaul. 🏚️💰
But here's the revelation: Investors don't renovate for themselves; they renovate for the market. What the market demands is what you deliver. If you're a contractor looking to dive into real estate investing, or maybe you're a real estate investor relying on a contractor to guide you on property renovations, then this episode is a must-watch. 🏡🔨
Watch the full episode here.
https://youtu.be/MUuSxXDIwnk
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Announcement: 📢
💥 If you’re wanting one-on-one Coaching text "𝐂𝐎𝐀𝐂𝐇𝐈𝐍𝐆" to 📱 𝟐𝟏𝟎-𝟕𝟗𝟒-𝟗𝟖𝟗𝟖 📱
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⏰TIME CODES⏰
0:00 ✅ Why Contractors Make Bad Real Estate Investors?
0:14 ✅ Misconception about Contractors
2:23 ✅ Text Us "210-794-9898"
3:07 ✅ Contractors don’t know the market like an investor should
4:40 ✅ Difference between an
5:34 ✅ Not all projects are the same…
6:35 ✅ 3 Things to Keep in Mind when Rehabbing a House
6:38 ✅ 1st: Area of Town
7:42 ✅ 2nd: Market Conditions
8:28 ✅ 3rd: Price Point
9:51 ✅ Running Comps
11:03 ✅ How do investors get into trouble depending on a contractor
11:17 ✅ Creating Scope of Work
11:30 ✅ If you're a Contractor, Do This
12:06 ✅ Become an Investor-Friendly Contractor
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Here's more on how to invest in real estate:
🚀 Wholesaling Houses Jumpstart Video Series [FREE] http://wholesalingtherightway.com/
🚀 Don't know what's next? Schedule a Discovery Call with the Johns! https://courses.prymeacademy.com/StrategySession
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