EPISODE · Feb 21, 2026 · 31 MIN
HOW TO AVOID CONTRACTOR FRAUD
from Property Challenge Podcast · host Terrica Lynn Smith
Most investors don’t lose money because of bad deals.They lose money because they pay contractors the wrong way.In Episode 47, I break down exactly how I structure contractor payments so I don’t get played, pressured, or scammed.This episode is strictly educational and covers:Why signing a contract is 0% complete (and deserves $0)How draw schedules protect your budget and your leverageWhat “verified progress” actually looks like on a rehabWhy paying 30–50% upfront puts YOU at risk, not the contractorHow to replace a contractor mid-project without blowing the dealIf you’re rehabbing properties—or planning to—this episode will save you money, stress, and hard lessons.Quote from the episode:“If I pay you before the work is done, I’m funding your excuses.”Subscribe and share this with an investor who needs better systems, not more motivation.Join my Protégé community for Live Calls and Events, Exclusive Content, and to connect with like-minded investors! Now’s your time! ⏳Go Here: https://investorcircles.comSubscribe so you never miss an episode packed with actionable tips, strategies, and inspiration from my real estate journey! LISTEN ON SPOTIFY: https://open.spotify.com/show/4SqljVgYSI2caCxeU4YmKB?si=8ce654b41b714f16FOR MORE HERE:https://www.youtube.com/@PropertyChallengePodcastFollow us on TikTok: https://www.tiktok.com/@propertychallenge?is_from_webapp=1&sender_device=pc
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HOW TO AVOID CONTRACTOR FRAUD
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