Property Challenge Podcast

HOW TO AVOID CONTRACTOR FRAUD


Listen Later

Most investors don’t lose money because of bad deals.

They lose money because they pay contractors the wrong way.

In Episode 47, I break down exactly how I structure contractor payments so I don’t get played, pressured, or scammed.

This episode is strictly educational and covers:

  • Why signing a contract is 0% complete (and deserves $0)
  • How draw schedules protect your budget and your leverage
  • What “verified progress” actually looks like on a rehab
  • Why paying 30–50% upfront puts YOU at risk, not the contractor
  • How to replace a contractor mid-project without blowing the deal

If you’re rehabbing properties—or planning to—this episode will save you money, stress, and hard lessons.


Quote from the episode:

“If I pay you before the work is done, I’m funding your excuses.”


Subscribe and share this with an investor who needs better systems, not more motivation.

Join my Protégé community for Live Calls and Events, Exclusive Content, and to connect with like-minded investors! Now’s your time! ⏳


Go Here: https://investorcircles.com


Subscribe so you never miss an episode packed with actionable tips, strategies, and inspiration from my real estate journey! 


LISTEN ON SPOTIFY: https://open.spotify.com/show/4SqljVgYSI2caCxeU4YmKB?si=8ce654b41b714f16


FOR MORE HERE:https://www.youtube.com/@PropertyChallengePodcast

Follow us on TikTok: https://www.tiktok.com/@propertychallenge?is_from_webapp=1&sender_device=pc

...more
View all episodesView all episodes
Download on the App Store

Property Challenge PodcastBy Terrica Lynn Smith

  • 5
  • 5
  • 5
  • 5
  • 5

5

11 ratings


More shows like Property Challenge Podcast

View all
BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,749 Listeners

Trappin Tuesday's by Wallstreet Looks Like Us Now Network

Trappin Tuesday's

1,933 Listeners