We conclude our conversation and Q&A with Pat Dornan discussing the cost of repairs and issues surrounding the hiring and supervision of contractors. We talk a little bit about a package of documents I use in my business I call the Contractor Docs. These 11 documents include the ad I run to hire contractors, the application process, payment policy, Lien waivers, construction agreement and much more. I paid my attorney thousands of dollars over the years for some of these and some of the refinements in them have come from the various ways contractors have taken advantage of me. Even though they cost me thousands, I give them to you for free. All I want in return is your email address. Go to my website and click the link right on the home page.
How to contact us
www.RogerBlankenship.com. Leave a voicemail right from the home page!
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Call our National Comment Line: 877-55-ROGER (76437) ext 1. Leave your message or your question.
Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind.
Sponsors
American IRA: www.americanIRA.com
The Flipping America Buyers Club bit.ly/flippingamericabuyersclub.com
Announcements:
- The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.
- Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
- FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .
- “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart.
News:
Questions from Listeners:
- Andrew from Ft. Lauderdale: “Is it possible for me to invest in houses in the Buyers Club and then do mostly nothing but receive payments?”
- Joseph, Wake Forest, NC: “If we join the buyers’ club, is it possible for us to manage the sales process ourselves?”
- Samuel, Dallas, TX, Christopher, Atlanta, GA, John, Stockbridge, GA, Carol, Pasadena, CA, Peter, Wilmington DE, Maria, Jacksonville, FL, Suzanne, Lancaster PA, Jeff and Jessica, Phoenixville, PA: “Is it too late to try to join the club?”
- Adrian, Tampa, FL, “I could not join the call for the Buyers Club last time. Did you record it?”
- Marcus, Jackson, AL “This is a pretty small town. I own a couple of rentals here, but am very interested in the Buyers Club. I’m nervous about owning rentals in towns I can’t get to easily. How would I make repairs. I haven’t been able to join one of the webinars yet.”
- Candice, San Francisco, CA “What comes with membership? Documentation for purchasing and selling? Access to attorneys across the country? Is it broken down as to the additional fees? Do you own these or are we participating with you in the auction? Is it only through the broker you mentioned or do we find our own?
Motivational Thoughts for the day
Warren Buffett series
'It takes 20 years to build a reputation and 5 minutes to ruin it'
