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Real Estate Investing with Coach Carson
#384: My First Repair Contractors Were a DISASTER (Full Story)
Feb 14, 2025
Renovating properties can be a rollercoaster ride, especially with contractors gone awry. From shocking spray-painted walls to plumbing nightmares, the host shares jaw-dropping tales of renovation disasters. Learn the crucial lessons he picked up along the way about finding reliable contractors and the importance of community support for investors. Mistakes are part of the journey, but with the right guidance, you can turn your real estate ventures around!
14:48
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Quick takeaways
- Select contractors based on their expertise rather than cost to avoid costly mistakes and ensure quality renovations.
- Embrace the four Fs—finding deals, financing, fixing up, and farming out—to focus on strengths and optimize real estate investment strategies.
Deep dives
Contracting Challenges and Lessons Learned
Selecting the right contractors is critical yet challenging in property remodeling. Early experiences included hiring a painter whose poor technique left walls in disarray, leading to additional damage when he reacted angrily to feedback. Subsequent attempts with a carpet contractor also ended poorly, demonstrating that choosing low-bid contractors can often result in bigger issues and added costs. These experiences highlight the importance of thorough vetting before hiring, as well as the potential for serious mistakes when proper care is not taken.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode