599: How To Hire Contractors For Flips (After Losing $10K)

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/