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

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 10 September 2020

⏱️ 113 minutes

🔗️ Recording | iTunes | RSS

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Summary

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’ perspective The importance in using quality materials and building long-term solutions in your properties Shopping directly from suppliers to save money on big rehab projects Creating systems to retain quality contractors Understanding the real cost of low-cost materials Upgrades to improve your rental property and decrease vacancy How to ask a contractor to walkthrough a project before you buy it How to spot houses with cosmetic fixes vs. big, expensive projects Newbie DIY projects anybody can tackle And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore Virtual Wealth Expo BiggerPockets Calculators Home Depot Joanna Gaines Ikea cost vs value report BiggerPockets Insights Marr Risinger's Youtube Channel Check the full show notes here: https://www.biggerpockets.com/show399 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the BiggerPockets Podcast Show 399.
0:05.0	There's always gonna be a renter who's got money,
0:08.6	who wants a nice place,
0:10.2	who isn't leaving anytime soon,
0:11.8	because life has just done that to them.
0:13.6	Right? If you're a real estate investor, that's who you want living there.
0:17.2	You're listening to Bigger Pockets Radio,
0:20.4	Simplifying real estate for investors large and small.
0:24.0	If you're here looking to learn about real estate investing, without all the height,
0:28.0	you're in the right place.
0:30.0	Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com.
0:35.8	Your home for real estate investing online.
0:39.1	What's going on everyone?
0:40.1	It's Brendan Turner, host to the BiggerPockets podcast here with my co-host Mr David Green.
0:45.0	Welcome David once again, how you doing man?
0:47.3	Thank you Brandon. It's still going good selling homes, pushing things forward,
0:50.8	helping people build wealth, and today we have a fantastic show,
0:54.5	and I do not say that lightly,
0:56.1	about a topic that is very rarely covered,
0:58.2	but often asked about remodeling and construction methods.
1:02.8	Yeah.
1:03.3	Yeah, now a lot of people are listening right now.
	...

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