Evaluate GC Estimate Like a Pro (Minisode)

Many investors believe picking out the lowest estimates for jobs is the best decision since its supposed to save money. Well, sometimes this ends up costing more money and time. Hence, we encourage you to consider other factors in order to make the right decision. Here are some questions to ask yourself and the GC: What is the proposed payment plan? What are the items that are not included on the estimate? When is GC planning to start? What is the estimated timeframe? What is a reasonable deposit considering the scope of the first phase of the project? There are so many ways of reviewing a general contractor’s estimate. In this Minisode, Andresa and Liz will disclose 5 quick tips on how you can evaluate it in order to choose the correct one and don’t make mistakes. Tune in to this episode to learn how to evaluate GC Estimate like a pro! Quotes • “One very important behavior that I want you to get when you are walking through the property with the contractor is, is he or she taking pictures, taking notes, asking questions, measuring things?” (2:14 - 2:30) • “It is important to look at the estimate as a result. Is it a representation of how they work?” (4:28 - 4:38) • “A lump sum will not allow you to manage the money in your job. And that's one of the most critical points of a successful rehab.” (5:38 - 5:43) • “The third thing is scheduling. When are you planning to start? And this sounds so basic and silly, but it's not . How many times the general contractors don't even put what the start date is?” (7:45 - 8:00) • “Watch the money, you've got to ask for them to include a payment plan and proposal.” (9:03 - 9:10) • “One of the most important things is integrity. Which means what they said is what they did. Does what they are saying matches their actions. It’s very simple.” (11:28 - 11:38) InvestHER CON  Time: June 23-24  Place: Charlotte, NC InvestHER CON is a full circle transformational experience created with the women investors’ needs, desires, and schedules in mind. The event brings top-notch experts in Real Estate Investing, Business Strategies, and Self-Care who will push the boundaries, expand the mindset, and promote deeper connections among the attendees. Learn from real teachers who will share actionable strategies so you can leave the event with the knowledge, connections, and confidence to grow your investing business and live life on your own terms. Get your ticket today: https://www.therealestateinvesther.com/investhercon How To Join the InvestHER Movement  1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. Subscribe via: Apple Itunes  Spotify Amazon Music Android   Stitcher    2) The Real Estate InvestHER Membership  STRIVE is a one-of-a-kind membership for experienced women investors looking to make deeper connections and take their Real Estate business to the next level. It is more than a transactional membership, it is a transformational experience for women looking to live life on their own terms. Apply today. We open doors in June. https://www.therealestateinvesther.com/reserve  3) InvestHER Community on Facebook  We have thousand of members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals!    4) InvestHER Meetups Around the Globe  We have Investher Meetup members attending in-person meetings across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE!     5) InvestHER™ eXp Team Our mission is to empower women in Real Estate to live a financially free and balanced life, and we are extending our support to Real Estate agents worldwide.   We have created exclusive content and support for the InvestHER™ eXp Team: *Top skills and strategies to grow YOUR business *How to utilize your “real estate agent” advantage to become a real estate investor *Monthly live masterminds *Become part of Libertas Organization with top coaches, Tim and Julie Harris. Jonna Hall Weber is leading our team. If you have any questions or are ready to join our team, click here to schedule a call with her.