⁠How I Fired My GC, Saved the Flip & Boosted Profit in 3 Steps | EP- 54

This discussion dives deep into the challenges of working with contractors in real estate projects, with Davis sharing his firsthand experiences and learnings from his first flip project. The episode highlights important tips on managing contractors, incorporating clear communication and penalty clauses, and tackling unexpected project delays.

Additionally, Davis shares insights into his co-hosting business, focusing on midterm rental management and leveraging technology for better efficiency.

The conversation also touches on the importance of visualization and maintaining a growth mindset derived from their recent mastermind trip to Greece.

• 00:00 — intro
• 01:06 — Davis’s flip backstory
• 02:28 — Comms gaps & delays
• 05:19 — Eviction, decide to sell
• 06:20 — Penalty clauses 101
• 09:39 — Key lessons learned
• 10:15 — Scope & bidding
• 11:54 — Handling contractor advice
• 15:17 — Investor vs. contractor views
• 17:10 — Bid-template tips
• 21:12 — Exit plan: sell flip
• 26:31 — Pitching investors
• 27:51 — Rehab best practices
• 28:15 — Granular cost estimating
• 29:26 — Out-of-state scope creep
• 31:16 — Keeping comms tight

• 34:00 — Why mid-term rentals
• 36:08 — Tech tools for PM
• 43:09 — Visualization & masterminds
• 50:25 — Wrap-up & contacts

Connect with Davis- https://www.instagram.com/davis.h.son/