How to Handle Contractors and Successfully Work with Family with Ada Li

Your general contractor can make or break your business so it’s important to vet them properly. On today’s episode, we talk with Ada Li, general contractor and investor, about how to effectively work with GCs and what it’s like running a large business with her family. Ada grew up in the construction space and used that experience to build multiple businesses with her husband and family. We discuss with Ada the red flags to look for when choosing a general contractor, how to be taken seriously as a female in a male dominated industry, and how to set boundaries with your family to successful run a business with them. Ada also shares how she became earned a Minority & Women Business certification and the advantages that come with that certification. Ada Li is a general contractor with a background in active and passive investing. Her parents immigrated to America in the late 70s and started a construction company. As a first generation American, Ada had to help her immigrant parents navigate their business. She officially joined the family construction business about 18 years ago. In 2015, Ada started a development company with her husband (Hardscrabble Developments) and in 2017, they started their own real estate syndication group (Hardscrabble Investments) to diversify their investment portfolio. They have invested in funds for multi-family apartments and workforce housing (600+ doors) and self-storage units. They also own a few mobile home parks in the Sunbelt States. Ada is currently learning Spanish (trying to be trilingual), loves to travel, cook, and spend time with her family. On today’s episode, we discuss a ton with Ada including: How to vet a general contractor The appropriate deposit for a GC when starting a project The benefits of a Minority & Women Owned Business certification How to set boundaries in life when working with friends and family Books/Resources Never Split the Difference by Chris Voss Contact Information ada@winnerconstructioninc.com www.hardscrabbleinvestments.com   In The Only Woman in the Room, 20 incredible women share how they were able to achieve financial freedom in a world historically dominated by men. From residential to commercial, this book is packed full of knowledge and inspiration on all facets regardless of where one is in their real estate investing journey. Our passion behind this book is to help women secure a financially strong future especially during these unprecedented and uncertain times.    The early reviews for The Only Woman in the Room - Knowledge and Inspiration from 20 Successful Real Estate Women Investors have been amazing!    “Throughout my career there were multiple occasions where I have stood as the only woman in the room.  This powerful book is a must read and I only wish it had been available early on in my career!”  -Barbara Corcoran  Founder of The Corcoran Group  You will learn TONS of tips, strategies and “hacks” to implement immediately in the following areas:  Creatively finding and financing deals Getting started  Scaling a multifamily portfolio Raising private capital Marketing Construction Management  And Much More!!   BUY THE BOOK NOW! https://therealestateinvesther.mykajabi.com/book   InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. 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 Itunes  Subscribe via Android  Subscribe via Stitcher 2)  InvestHER Community on Facebook  We have 2k+ 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!   3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups 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!