S1E54 - How To Build A High Performance Contracting Team

Joseph, a real estate developer with a background in construction, discussed the key factors for building a successful construction team. He stressed the importance of having backup plans, maintaining good relationships with contractors, and managing cash effectively. He also shared his experiences as a woman in the construction industry, highlighting the need to constantly prove credibility. Joseph identified poor communication, a lack of understanding about the construction process, and unrealistic budgets as major challenges in construction projects. He also provided an overview of the top and bottom construction markets, with a focus on those showing potential for growth and those experiencing a slowdown, specifically mentioning Philadelphia as a city to watch.Joseph discussed the importance of building a reliable and efficient construction team for the rental market. He emphasized the need for a good reputation, capacity, and expertise in a contractor. He also shared his past experiences and mistakes in selecting contractors, highlighting the significance of vetting and trusting their judgment. Joseph's insights were further supported by Justin, a real estate investor and licensed broker, who agreed on the importance of a contractor's reputation and capacity. Contact Our Sponsors=================Perkitech - https://perkitech.com/Built Lending - https://www.built-lending.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Built Lending - https://www.linkedin.com/in/josephvscorese/Contact Us===========Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/Email - [email protected]