Cash Flow Guys Podcast

Real estate markets are on fire in many if not all, cities in the US right now.  When markets get white-hot, investors start rushing things and cutting corners to speed up the selling process. Before we get too ahead of ourselves, let’s review a few tips to make your renovation projects go smoother and avoid headaches. First, Always use licensed contractors and be sure they have good reviews and lots of them. Be clear on what the expectation is, prepare a specific statement of work.  This means you will list out each of the items to be completed by the contractor or vendor in a very specific way to include quantity, size, and color. If anyone discourages you from pulling permits for a specific job be sure to interpret that as a red flag and NOT a money-saving opportunity.  This is a common gimmick by unlicensed people who pretend to be legitimate contractors. When choosing colors, stay generic/neutral/ mainstream, don’t “experiment” or let anyone else do so on your behalf.  Be sure the colors you choose will