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. 

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Realty411 - https://realty411.com/
MB Capital Solutions - https://mbcapitalsolutions.com/
Joseph @ Lendmarq - https://www.linkedin.com/in/josephvscorese/

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