In this episode of Beers with Contractors, Will and Terry discuss Terry being “voluntold” to judge the Oklahoma Parade of Homes, touring about 60 homes from Edmond to Blanchard around a $1.2M price point and evaluating categories like staging, layout, craftsmanship, finishes, technology, and lot desirability, while noting energy efficiency wasn’t a focus and that judges largely agreed on top picks. They then shift to Terry and Carrie’s real estate investing, including acquiring mostly off-market properties through networking and direct outreach, and renovating a 1908 building purchased for about $150,000 with estimated renovation costs around $225,000, emphasizing doing much of the work themselves and considering mixed-use tenancy. The conversation highlights how tradespeople can leverage skills, networks, and patience to build long-term wealth via property, plus reflections on communicating with younger generations and basic business-versus-salary tax concepts.

00:00 Introduction

01:48 Parade of Homes Invite

04:16 Judging the Builds

06:45 Energy Code Talk

11:24 Historic Building Purchase

15:41 Rental Portfolio Lessons

20:24 Finding Deals Off Market

24:11 Guthrie Building Details

24:39 Off Market Deal Making

26:09 Neighborhood Prospecting Tips

26:55 Shared Vision And Risk

28:16 Business Trusts And Wealth

29:49 OU Talk And Money Lessons

34:00 Gen Z And Social Media

38:21 Taxes Salary Vs Business

41:51 Mixed Use Tenant Strategy

42:41 Airbnb Reality Check

46:36 Renovation Budget Breakdown

48:50 Refinance And Risk Mindset

51:41 Closing Toast And Disclaimers

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