556: The Most Feared BRRRR Step (and How to Get Over It) | Coaching Calls 52:22

    <p>If you’re<strong> rehabbing a rental</strong>, performing a <strong>BRRRR</strong>, building an ADU, or even getting into new construction, now is a challenging time for you. With <a href="https://www.biggerpockets.com/blog/pandemic-fueled-supply-chain-woes">supply chain problems</a>, limited materials, and all-time high housing prices, <strong>contractors are in low supply</strong>. Even when you do schedule a project, the likelihood of your contractors showing up on time can be slim at best.</p><p><strong>David Greene </strong>is back with another round of <strong>coaching calls</strong> to give his take on this current contractor crisis, as well as answer questions on the <a href="https://www.biggerpockets.com/blog/brrrr-pros-and-cons"><strong>BRRRR strategy</strong></a>, the <strong>turnkey rental method</strong>, <strong>going over budget</strong>, and <strong>how to stay focused when investing</strong>. If you’ve struggled at all with anything related to <a href="https://www.biggerpockets.com/blog/how-to-estimate-rehab-costs">calculating rehab budgets</a>, liens on properties, and managing contractors yourself, be sure to write down David’s suggestions.</p><p>Have a question about real estate investing you want to ask David? Want to help other investors in your position? <a href="http://biggerpockets.com/david"><strong>Submit your question here! </strong></a></p><p><strong>In This Episode We Cover:</strong></p><p>Whether or not the <a href="https://www.biggerpockets.com/blog/mastering-turkey-real-estate-build-passive-portfolio"><strong>turnkey rental model</strong></a> is built to scale your portfolio</p><p>Why<strong> capital is crucial when investing</strong> in real estate over the long-term</p><p><strong>Breaking down the BRRRR strategy </strong>and walking through the more difficult steps</p><p>What to do if your <strong>rehab job goes over budget </strong>(and how to make it a win!)</p><p><strong>Backing out of a contract </strong>when a lien has been placed against a home</p><p>Where (and how) to <a href="https://www.biggerpockets.com/blog/finding-contractor"><strong>find reasonable, timely, and available contractors</strong></a><strong> </strong></p><p>And <strong>So </strong>Much More!</p><p><strong>Links from the Show</strong></p><p><a href="https://www.biggerpockets.com/forums">BiggerPockets Forums</a></p><p><a href="https://biggerpockets.com/david">Submit Your Questions to David</a></p><p><a href="https://odcfund.com/">Open Door Capital</a></p><p><a href="https://www.facebook.com/groups/biggerpocketsofficial/">BiggerPockets Facebook Group</a></p><p><a href="https://thedavidgreeneteam.com/">David Greene Team</a></p><p><a href="https://www.biggerpockets.com/rookie">Real Estate Rookie Podcast</a></p><p><a href="https://biggerpockets.com/youtube">BiggerPockets Youtube Channel</a></p><p><a href="https://instagram.com/davidgreene24">David's Instagram</a></p><p>Check the full show notes here: https://biggerpockets.com/show556</p>
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