BTM193: Ensuring Your First Renovation Project Is Profitable with Van Sturgeon

Van Sturgeon, today’s guest has many titles.. real estate investor, home builder, renovator, general contractor and high performance coach. With over 1,000 properties in his portfolio, he’s been able to semi retired from those titles but is still pushing forward to help new investors with their rehab projects.

On today’s show, we’ll discuss the world of a contractor and equip you with the knowledge the successfully execute an on time rehab (within budget) and with profit.

Key Points From This Episode:

  • Why inexperienced contractors under charge and flame out
  • How to find the best General Contractor for your job
  • The difference between traditional rehabs and rental grade rehabs
  • If you are a real estate investor, why you should act as your own GC.
  • What is the correct order of operations in a rehab
  • How to create a scope of work
  • Why you should have a no tolerance attitude towards contractors
  • How to systematically pay your rehabbers

Links Mentioned in Today’s Episode:

Van’s Website

Recommended Book:

Think and Grow Rich by Napoleon Hill

Listen to this book for free!

Lifestyle Design App:

Quickbooks Accounting Software

BTM186: Lifestyle Design Virtual Deals with Australia Based Investor Alicia Jarrett

As a global real estate investor, Alicia Jarrett, today’s guest knows all about lifestyle design. Based in Australia, she’s been able to build her portfolio and flipping business in the U.S. with a virtual team doing (practically) all of the heavy lifting.

On today’s show, we cover a wide array of topics from the difference between investing in North America vs. Australia and other international countries to the team of realtors, contractors, title companies and virtual assistants that allow Alicia to do virtual deals from a yacht in Croatia or the snow in France. Over time her preference has went from flipping single family homes to flipping vacant land and we’ll dive into all of the details here on today’s show.

Key Points From This Episode:

  • Australian Real Estate vs. U.S. Real Estate
  • The market cycles of the flipping business
  • Why land can be a more attractive investment
  • Effectively building a virtual team
  • How important the right realtor can be for your success
  • Contractors and Virtual Investors.. The good, bad and ugly

 

Links Mentioned in Today’s Episode:

Alicia’s Website

Recommended Book:

Awaken the Giant Within by Anthony Robbins

Listen to this book for free!

Lifestyle Design App:

Time Buddy – Time Zone App