Vanessa is back!  On this episode my assistant, Vanessa Feil, is spending some time with me to discuss our systems for hiring contractors and rehabbing houses.  This was actually taken from a recent course video I made for the Fail Fast Flipping Beta program.  Since we're changing things up for the full 3F program starting in July, I thought this might be helpful to some of you looking to rehab a house or two.

Have any questions? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes.  And while you’re there, why not leave us a review and five-star rating?

Show Notes

On this episode we cover:

• What we used to do before we developed our system
• What to look for in a contractor
• Why contractors having a license and insurance are important
• What certifications are needed to work with a contractor
• Key things to determine whether or not a contractor is a good fit
• How to make sure your contractor can think for themselves
• How and why to give your contractor full control of the rehab project
• Communicating with your contractor
• How to understand your contractor's plan (or even if they have one)
• The importance of walk-throughs
• How and why we've changed our method for paying contractors
• Eliminating the various moving parts of your system

Get the updated price list here:

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Tweetable Quotes

• “Always be straight forward” – Vanessa Feil
• “Its not just about working with the right contractor, but also about teaching them the right way” – Justin Williams
• “Dealing with people … can be hard” – Justin Williams
• “Contractors need to think for themselves” – Justin Williams
• “The more hands you put in the pot, the more it gets confusing” – Vanessa Feil
• “Start the rehab as soon as possible, and then end it as quickly as possible” – Vanessa Feil

Transcript

Click here to Read and Download the Transcript for Episode 46

Links and Resources

Many thanks to our sponsor, Yellowletters.com. Use the offer code “HFHQ” for 10% off your first order!

Anchor Loans is one of my main hard money lenders. I absolutely recommend them to help finance your deals

Join our Workshop!

Join our webinar on Thursday, July 3, 2014 at 6PM/9PM (Pacific/Eastern). Learn some tips on how to flip and rehab houses from Justin Williams, himself.

Also learn more about our House Flipping Mastermind group. Join now by clicking the link below:

houseflippinghq.com/workshop

 

Like what you hear?

If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff.  Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them.

The post HFHQ 46: Finding Contractors and Rehabing Houses with Vanessa Feil appeared first on House Flipping HQ.

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