Check to see if your contractor is “bonded”. This might be on the license board’s website. It is essentially an insurance or escrow for the homeowner if the contractor breaches a contract. It is also known as a “surety” and doesn’t involve a lawyer.
@RobLicopoli4 ай бұрын
I like that he validates that blogs and white papers are worth doing.
@Unchainedmelody1514 ай бұрын
Going through this too. Over 1000 is a felony . So I’m currently working with the county attorney and this can’t wait for Justice. The last straw over him taking 14k and giving me a 2k floor that was crappy work anyway. Was he took 1709 from me for a sink and dishwasher and never came back. Refuses to give my money back. FELONY
@Loner4life202 ай бұрын
My grandma needed a fence built and she bought all the material and just needed someone to put it up. Really simple in eyes when it comes to contracting work. Well I don’t know what all was said/ agreed to in the contract. All I know is my grandma has a fence and is out 6 grand. This fence is chain link for about 30 then it turns into a privacy fence for the alleyway, again material cost isn’t a factor. just putting this fence up cost $6,000… he said he charged $75 an hour but it doesn’t add up.
@BrockatArthaus5 ай бұрын
This was an incredible video, the context going back to 1000 years ago and forward the next generation was insightful with context and data points to tell a great story. Patient capital. Small players are more efficient. 150M vs 500M is a great example, thanks for sharing!
@johnmiller82256 ай бұрын
You can't be a good person and honestly push this. Evil soulless creatures
@nikolaideianov50926 ай бұрын
Next you will tell me that i could save for the house if i stop eating avocado
@P4RTYPOISON6 ай бұрын
Yea no I'm not gonna a give 70% of my income just for mortgage, biggest joke of all time is you all telling us to pull up by our boot straps honestly you literally only care about the public perception of yourself not the people, straight up jokes
@DANIELLE_BREANNA_LACY7 ай бұрын
Not only do you not need to be good at everything, but you CAN’T be good at everything.
@wesley36848 ай бұрын
'Promo SM'
@RetrieverTrainingAlone8 ай бұрын
We won a $10,000 judgement in small claims court. Since we are in Alaska, the court garnished the contractor's Permanent Fund Dividend check. Attorney is too costly and can't squeeze blood from a stone, small claims court is faster and does not cost much.
@erikkritzer26529 ай бұрын
Fantastic information. Thank you.
@laurag.752110 ай бұрын
If you get burned by a contractor then go after their bond! Can’t believe this wasn’t even mentioned in this video! Most licensed contractor’s are bonded. Get their bond info off the contractor’s state licensing board website of the state you reside in, then contact your contractor’s bond company and file a official complaint! The bond company is obligated to look into shoddy work or business practices that were completed. They will assign you a claim number and an adjuster who will investigate your case. This is all at no cost to you. The bond company will issue you a check and then go after the contractor for reimbursement. If the contractor fails to comply or fails to reimburse the bond company, his bond company will pull his license. Either way you’ll get what’s owed to you via his bond/surety company. You can also file an official complaint with the CSLB where his license could get suspended. Waaaay better than hiring an attorney that’s going to cost you a fortune!
@sojibrajiiii10 ай бұрын
Hello Dear, How are you doing? Do you want a professional KZbin thumbnail designer and SEO expert? Thanks
@Jennifer-xw7dw11 ай бұрын
What if you cant afford a lawyer bud?
@TheProjectDiscovery Жыл бұрын
#1 review the work done and if there is work completed that requires a permit and one wasn’t pulled then report them to the local licensing agency. They can hold their feet to the fire and if they don’t perform they’ll lose their license and be ordered to pay restitution. going this route is the quickest and one of the best ways to get the intended results with little to no out of pocket expenses
@devin5381 Жыл бұрын
You talk way too much, you should be much more concise, maybe write a script and not just ramble on.
@danielames76112 ай бұрын
Click the little gear icon in the video. Go to playback speed, and select a faster speed. 1.5x is usually good.
@devin53812 ай бұрын
@@danielames7611 thanks
@Mr.Moneybags40 Жыл бұрын
dam a triple net retail starbucks with a 20 yr lease for some true mailbox money ?!.....is it weird that I'm drooling right nowlol
@stans1317 Жыл бұрын
Do you assist with finding deals in CA
@bbraithwaite772 Жыл бұрын
I used a contractor who was on a list of from the city and got burned, not really sure where to go from here because a few yrs have already passed . Just have learned that it really doesn't matter who recommends who, everyone must still do their own due diligence regardless.
@bbraithwaite772 Жыл бұрын
So as an update to thus post, turns out the contractor just reached out to me a few days ago. The property that we had him working on might be eligible for migrant housing. So now we are looking into how everything can be structured to do so. Maybe things will turn out better than before...time will tell 🤷♂️
@goater707 Жыл бұрын
The bottom line is out politicians are corrupt POS and refuse to pass laws to protect us. Think about why everyone needs a license except builders. And why when the deadbeats are caught that cannot be made known to the world on a list or website.
@ruddplamondin7400 Жыл бұрын
P R O M O S M ☝️
@Crypto.spy-31 Жыл бұрын
God bless for the info. Hope one day I can get out on the rat race.
@bukolaoguntala698 Жыл бұрын
Very helpful!
@ernestvision325 Жыл бұрын
Good information
@tysonhatch Жыл бұрын
I'm doing it! Dooooooo
@rasmusfoy Жыл бұрын
Love that you kept it real and kept your name miss in the episode.
@TheOriginalCryptoPimp Жыл бұрын
Blah, blah, blah.....
@Oregon123 Жыл бұрын
Good luck. We are all working with illegals here.
@Jake-mc8te Жыл бұрын
It’s a small world, I just saw Rob Beardsley from lone star capital on another podcast
@sam-sl4lb Жыл бұрын
If homeowners actually paid good money and hired reputable company’s/contractors then they wouldn’t have this problem. Unfortunately, most homeowners are going for the chucks in trucks and then question why they got burned at the end. 😂
@Opal5674 Жыл бұрын
depending on the size of the jobs the bigger more reputable contractors simply won't show up because the job isn't worth enough to them.
@Oregon123 Жыл бұрын
Yeah they pay crap and expect gold.
@malikite75 Жыл бұрын
If most contractors were not scam artists and thieves this would not happen either. And most reputable contractors won't do home improvements cause they got city and company contracts worth a lot more ..
@corinnecerminaro975311 ай бұрын
This is true.
@claydiddy63able11 ай бұрын
They expect a job to be completed per the contract and what was agreed upon. Contractors in general don't work hard and expect too much for sloppy jobs.
@yquocviet Жыл бұрын
Super hepful! Thank you so much.
@BhelVillero143 Жыл бұрын
I am experiencing these. 😕 😔
@alexbulan6916 Жыл бұрын
Very inspiring! Thanks for sharing!
@kinghollaboi Жыл бұрын
Attending this year
@janetesparza2428 Жыл бұрын
I've tried calling the Better Business Bureau and was told that they have so many complaints that they are backed up for years.
@michellewalker6214 Жыл бұрын
That’s horrible
@sdjohnsononyoutube Жыл бұрын
That was great. It makes me think about some things that I accomplished last year. I want to be able to duplicate that system repeatedly.
@thaaowl2 жыл бұрын
Hey, My name is Adrian, and I want to congrats you on all the work you put into your KZbin channel. Anyway, I know that you're busy, and I want to keep this message short. I am a video editor, and I saw that you're missing out on KZbin Shorts & TikTok by the fact that you're not posting daily on those platforms. I bet you already know, and that's why I contacted you. I would love to schedule an online meeting with you just to show you what we could build together. Thank you for your time and keep up!
@Davion_savant2 жыл бұрын
Why does the cash on cash return fluctuate like you said ?
@travwat2 жыл бұрын
Great question @DavionSavant. Cash on cash fluctuates based on available cash flow, refinances, and expenses. For example, the first year's cash flow might be 6%, if rents increase on the property, the second year might be 7.5% cash flow. Therefore, it can change every year. In the third year, suppose you have a refinance in which 25% of your original investment is returned to you, that would make the cash on cash increase to 25%+ in year #3. The preferred return simply means that the LP investors are paid the first ___% of positive cash flow from the deal before the GPs start sharing in the profit. Therefore, it does not change throughout the hold period of the property. If a deal has a 7% pref, then the first 7% of cash flow (every year) gets paid to the LPs each year before the GP can share in the profits. Hope this helps
@Davion_savant2 жыл бұрын
@@travwat so , in the prospecting part of a investment property acquisition, what would be a good way to stabilize that notion in order to make a firm prudent move in the right direction?
@travwat2 жыл бұрын
@@Davion_savant As an GP or an LP, I would be conservative. If you have a pref that is too high, the GP may not make money. As an LP, I look for firms who under-promise and over-deliver and who underwrite conservatively. I'd rather have a 6% pref on a conservative deal vs an 8% pref on an aggressive deal. Keep in mind that a pref is not a requirement on deals. Many GPs do not offer them, they are simply a way to entice LPs to invest.
@jamalsmith50732 жыл бұрын
This makes sense. Otherwise what would keep the actual money investor from going around you to take the deal for himself?
@CRESPOTLIGHT2 жыл бұрын
Thank you again for having me on the show - Andrew Rosenberg
@BestEverShow2 жыл бұрын
It was our pleasure, thank you for sharing your journey with our listeners!
@CRESPOTLIGHT2 жыл бұрын
@@BestEverShow You're most welcome. Really wonderful podcast you've built.
@preffu2 жыл бұрын
Loved it. I’m going to create a billion $ REIT and I’ll be here for an interview when I’m done.
@BestEverShow2 жыл бұрын
Great we look forward.
@alexriddell222 жыл бұрын
thank you for hammering D class properties Very informative! Could use more!
@BestEverShow2 жыл бұрын
So glad you like the episode. Feel free to join our newsletter to get the newest episodes each Sunday. You can join here ----> www.bestevercre.com/access
@ExplorerLink2 жыл бұрын
Good info. Thank you! I'm excited to be in the MF space!
@BestEverShow2 жыл бұрын
Thank you, we're glad you found it useful!
@pv03152 жыл бұрын
Ash is a great host. I really admire Mr Michael and Mr David. Very awesome professionals.
@BestEverShow2 жыл бұрын
Thank you we are so glad you enjoyed this episode!
@christinebellish41892 жыл бұрын
Thanks again for having me! If anyone wants to connect you can follow us @thebellishteam on IG or email me directly: [email protected] :)
@JosePRamirez70002 жыл бұрын
Your book has helped me a lot. Thank you Joe Fairless
@JR-gb9ou2 жыл бұрын
Great content! Should have millions of views. Thanks for this video 🙏🏽