Why I Had to Fire My Contractor | Real Estate Flip Gone Wrong - House Flipping Journey

  Рет қаралды 1,240

Emilio Basa

Emilio Basa

Күн бұрын

In this video, I share my experience with a contractor I hired for a real estate flip in Lincoln Park, Michigan. After weeks of no-shows and subpar work, I made the tough decision to fire him. If you’re an investor or thinking about flipping homes, you’ll want to hear this story-learn from my mistakes and avoid the costly delays and headaches I went through. Watch until the end for tips on how to handle contractor issues and protect your investment!
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

Пікірлер: 16
@69gvfb
@69gvfb 3 күн бұрын
Great story Emilio, thanks for sharing it. This guy stole (Flooring Material) from you , that is the worst part I think. Unlucky bro
@QuickPropertySolutions
@QuickPropertySolutions 2 күн бұрын
Live and learn. Never again
@TL-wy1nk
@TL-wy1nk 2 күн бұрын
I am glad you get rid of them sooner. I would have fired him after the paint fiasco.
@brianhartsfield5850
@brianhartsfield5850 2 күн бұрын
Thanks for the video we really have to scale slower I had the same problem with property Rehab solutions took money and move slow and things out of order like carpet before paint he just do enough to get a payment
@happyhealthyhuman
@happyhealthyhuman Күн бұрын
i would of drove to repo place immediately and grabbed my floor. he never bought the floor haha. he isn't a good guy. that paint all over the floor screams drug addicts painting my house.
@happyhealthyhuman
@happyhealthyhuman Күн бұрын
hire him for demo and prep and hire an outside painter to come paint. purchase the cabinets with install. hire a plumber. hire an electrician. hire an hvac guy. and you're done. if you hire a guy to do everything pay hourly and babysit or pay piece work for each phase. your low bid is never the good guy. people lie alot in construction. hire a real general contractor or be the general contractor.
@miguelmontrell996
@miguelmontrell996 2 күн бұрын
Wow, that’s tough.....”HIRE SLOW FIRE FAST 💨 “ great 👍🏾 content
@anthonydavid7335
@anthonydavid7335 2 күн бұрын
What is his name?
@QuickPropertySolutions
@QuickPropertySolutions 2 күн бұрын
I don’t want to put him on blast like that but send me a DM and I’ll tell you.
@shyrinTM
@shyrinTM 2 күн бұрын
Great video you don’t see many examples of terminating bad contractors.
@julieludwig8927
@julieludwig8927 Күн бұрын
I run my own crew. Costs drastically less, I’m directing every decision in Real Time. I don’t care about anyone’s personal issues. Figure it out & don’t drag it into your work. Period. Call me a Bitch….I couldn’t care less. I consider being called a Bitch a compliment, actually. That means you realize you’re not gonna screw me over.
@DarrylHamilton-d1o
@DarrylHamilton-d1o 2 күн бұрын
There's too much of that going on. I'm a contractor & a new realtor. I actually found your videos a few months ago while I was studying for the state exam. I can introduce you to a few contractors that I trust if you like.
@happyhealthyhuman
@happyhealthyhuman Күн бұрын
demo doesn't need a deposit. stop paying people up front. demo done i pay the demo amount in full. paint prep done i pay for paint prep. gets them to do what you want them to do. you're screwed already when you pay the 'demo deposit' bc that money is gone and your job is no longer a priority. if you're sending the handymans to home depot give them $500 / $100 home depot gift cards and have a folder on site for him to place all the receipts and to leave the cards. you cannot give those people real money and expect them to hold it for your job's needs. its gone. losing $9k on that job is a travesty. $2k max loss with that guy. i do consulting if you ever need a hand.
@TL-wy1nk
@TL-wy1nk 2 күн бұрын
Not a professional so you have to go.
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