4.8 • 16.5K Ratings
🗓️ 11 January 2022
⏱️ 50 minutes
🧾️ Download transcript
If you’re rehabbing a rental, performing a BRRRR, building an ADU, or even getting into new construction, now is a challenging time for you. With supply chain problems, limited materials, and all-time high housing prices, contractors are in low supply. Even when you do schedule a project, the likelihood of your contractors showing up on time can be slim at best.
David Greene is back with another round of coaching calls to give his take on this current contractor crisis, as well as answer questions on the BRRRR strategy, the turnkey rental method, going over budget, and how to stay focused when investing. If you’ve struggled at all with anything related to calculating rehab budgets, liens on properties, and managing contractors yourself, be sure to write down David’s suggestions.
Have a question about real estate investing you want to ask David? Want to help other investors in your position? Submit your question here!
In This Episode We Cover:
Whether or not the turnkey rental model is built to scale your portfolio
Why capital is crucial when investing in real estate over the long-term
Breaking down the BRRRR strategy and walking through the more difficult steps
What to do if your rehab job goes over budget (and how to make it a win!)
Backing out of a contract when a lien has been placed against a home
Where (and how) to find reasonable, timely, and available contractors
And So Much More!
Links from the Show
Submit Your Questions to David
Check the full show notes here: https://biggerpockets.com/show556
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Click on a timestamp to play from that location
0:00.0 | This is the bigger pockets podcast show 556. |
0:05.0 | And if I can put myself in that state, my emotions will line up with that this is a good idea or not. |
0:09.5 | Oftentimes you're like, oh, this is terrible property. |
0:11.9 | I had rose colored glasses when I was first looking at it. Now this doesn't look good at all. |
0:16.0 | And you sort of get the habit of doing that over and over and over. |
0:19.0 | And eventually your own particular activating system will see a property that you used to get excited about. |
0:25.0 | You like no thanks. I don't want anything to do with that one. I'm going to keep looking for these deals that I'm not going to |
0:30.0 | render these problems with. And when you get to that point, then you can ramp it up again. |
0:41.0 | What's going on, everybody? Welcome to the bigger pockets podcast. I am your host today, David Green. |
0:45.0 | Today is a bit of a different episode than our typical interviewing one investor. |
0:51.0 | We're actually going to be interviewing three investors who have specific problems that they are trying to overcome in their investing career. |
0:58.0 | And I will do my best to give them advice for how I would overcome it, what I have done in the past, or maybe angles that they weren't thinking about. |
1:05.0 | Brandon Turner is doing the same thing. So he is simultaneously talking to three other investors. |
1:09.0 | And we're going to see who does a better job. All right, before we get to our guess, I've got a quick tip for you all. |
1:16.0 | You can go to bigger pockets dot com slash David because my name is David and there you can submit a video question. |
1:22.0 | And we will do our best to answer that on the scene. Green real estate podcast basically, quickie and shy. |
1:28.0 | Get out there. Let us know what you're thinking. Get your answers. Help everyone else by getting to hear it. |
1:33.0 | And then if you are shy, just go to the forums on the bigger pockets website and ask your questions there. |
1:38.0 | Go to the Facebook group and ask your questions there. I promise you, whatever is in your head right now does not make you dumb. |
1:45.0 | Everybody else is thinking the same things and waiting for somebody else to ask it. |
1:49.0 | So be the person to step forward and do that. All right, before we move on, let's hear from today's show sponsors. |
1:56.0 | Real estate investing is one of the best ways to build long term wealth. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.