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399: Solving the Investor/Contractor Relationship with Jeff Thorman of HomeRenovisionDIY

399: Solving the Investor/Contractor Relationship with Jeff Thorman of HomeRenovisionDIY

FromBiggerPockets Real Estate Podcast


399: Solving the Investor/Contractor Relationship with Jeff Thorman of HomeRenovisionDIY

FromBiggerPockets Real Estate Podcast

ratings:
Length:
111 minutes
Released:
Sep 10, 2020
Format:
Podcast episode

Description

Today we’re swerving a bit from tradition to bring you a guest who is not a real estate investor. Jeff Thorman spent years as a general contractor, built his own company, then started his own YouTube channel, HomeRenovisionDIY, to teach people how to renovate their own homes.Learn from his years of experience renovating in this episode. Jeff brings us incredible tips on building strong relationships with contractors - from inquiry to project close. We discuss the importance of using quality materials in any project. We even dive into some projects you should absolutely be able to do-it-yourself as an investor. As a real estate investor, you will have to complete renovation projects at some point - use this episode to make sure those projects are seamless and successful!In This Episode We Cover:Learning the contractors’ perspectiveThe importance in using quality materials and building long-term solutions in your propertiesShopping directly from suppliers to save money on big rehab projectsCreating systems to retain quality contractorsUnderstanding the real cost of low-cost materials Upgrades to improve your rental property and decrease vacancyHow to ask a contractor to walkthrough a project before you buy itHow to spot houses with cosmetic fixes vs. big, expensive projectsNewbie DIY projects anybody can tackleAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets BookstoreVirtual Wealth ExpoBiggerPockets CalculatorsHome DepotJoanna GainesIkeacost vs value reportBiggerPockets InsightsMarr Risinger's Youtube ChannelCheck the full show notes here: https://www.biggerpockets.com/show399See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Sep 10, 2020
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.