Do you know the difference between pros and rookies on remodel projects?

Pros do this one thing first every single time.

It's not sexy, but it's what keeps your project on budget and your stress level down.

Today I'm talking with Tracy Royce, an investor, flipper, and remodel expert.

She's going to walk you through exactly how she does it so you can copy it for your own remodel projects.

If we haven't met yet, my name is Chad Carson.

You can also call me Coach Carson.

And on this show, I teach you how to use real estate investing to achieve financial freedom.

So you can spend your time doing more of what matters.

Now let's get to my conversation with Tracy. So Tracy, I found like the best deals in real estate usually needed remodeling and then some of the worst deals I've ever seen, both the ones I've done and also I've seen people lose a lot of money, also needed remodeling. So there's this amount of anxiety and also just mystery about remodeling houses that you've done a lot of remodels yourself. You've taught a lot of people remodels. So I want you to help us take some of that anxiety and that mystery away. And I'm thinking the first question I would love for you to share with us is when people are newer to the remodeling process, do you have a common mistake? Or what's the most common mistake those people make that maybe pros who've been doing it for a long time,

don't make. So when you had proposed this conversation, I was so excited to nerd out on this

with you because I think it's something that's often overlooked to a lot of people's detriment,

and especially financially. So I'm really glad that we get to dig into this today. And one of

the main things I want to put out there because your audience spans beginners, but also people that have maybe done some remodels,

how successfully is debatable. But one of the first things I want to put out from all the

conversations I constantly have with people is that you do not have to be a contractor to be

able to do this well. But you do have to take a lot of responsibility

for the control of things. And so I really want to offer a more stable, regimented way to approach

your remodels. And I hope that your audience gets a lot of takeaways from this. So guys,

take notes, please jot something down, record this, whatever you

need to do, revisit it because I don't want you guys to be so intimidated when you come across

deals that seem like they're pretty juicy and they need a rehab versus going at it with some

...