After losing $10,000 to a contractor, Isaiah Goode shares how he vets the people he trusts with his house flips.
Hiring the wrong contractor can eat through your house flipping profits, and Richmond investor Isaiah Goode learned that after paying $10,000 to an HVAC contractor who disappeared. He shares how he finds contractors, checks their work through jobsite visits and conversations with previous clients, and approaches payments after getting burned. Before you hand over money for your next renovation, hear what he changed about who he trusts and why.
KEY TALKING POINTS:
0:00 - Intro
1:14 - How Isaiah Got Started
2:51 - His Latest Richmond Flip
4:01 - Finding Deals on the MLS
7:59 - First Deals & Learning Curve
11:46 - Filtering MLS by Days & Saves
12:46 - Lessons From a Shifting Market
13:35 - Advice for Beginners
17:38 - Vetting & Finding Contractors
19:01 - Keeping Contractors on Budget
21:21 - Paying Contractors & Getting Burned
23:56 - Where to Find Isaiah & Wrap-Up
25:11 - Outro
LINKS:
Instagram: Ezie Investments
https://www.instagram.com/ezieinvestments/
Website: Ezie Investments
https://www.ezieinvestments.com/
Instagram: David Lecko
https://www.instagram.com/dlecko
Website: DealMachine
https://www.dealmachine.com/pod
Instagram: Ryan Haywood
https://www.instagram.com/heritage_home_investments
Website: Heritage Home Investments
https://www.heritagehomeinvestments.com/