Clint Lien is the Executive Vice President of The Bluebook International, a company that provides solutions for real estate investors to help them estimate rehab costs efficiently and accurately. He has been in the industry for years, helping provide reliable resources for real estate investors, and he is on the show to help us better understand the work that goes into rehabbing properties and how we can be more efficient with them.
Listen now to learn more about rehabbing properties and how you can be efficient with estimating and planning for the expenses that come with it!
Key Talking Points of the Episode
00:00 Introduction
00:45 Who is Clint Lien?
03:07 What should real estate investors be focused on today?
05:43 What is The Bluebook International?
08:30 How is The Bluebook International helping real estate investors today?
12:52 How does The Bluebook International come up with the data they use?
17:30 What factors play into the costs of a rehab project?
23:11 How can real estate investors maintain profitability in their rehabs?
28:55 Why is it important to make educated decisions in your rehabs?
31:07 What are some factors to consider when working with general contractors?
35:30 Why is it important to build strong relationships with vendors and contractors?
39:47 What is Clint’s advice for real estate investors today?
43:19 What does it take to become an effective general contractor?
47:32 What resources does The Bluebook International offer for real estate investors?
48:33 Where can you learn more about The Bluebook International?
49:55 What are the biggest mistakes new flippers are making?
Quotables
“Build relationships with contractors. Build relationships with realtors. Whoever is gonna be interacting with you in that middle sphere, on that middle lever, build those relationships before you pull the trigger.”
“There’s a risk, right? If there was no risk, everybody would do it, that’s what they say. There’s a risk, but you can limit that risk by educating yourself in multiple different ways.”
“Ignorance is usually based on a conscious decision, so if you think about what happened, if you think about what went wrong, you can look back and say “oh, that’s where I made that ignorant decision that got me there”.”
Links
LinkedIn: The Bluebook International
https://www.linkedin.com/company/the-bluebook-international-inc./
Website: The Bluebook International
Website: RCN Capital
https://www.rcncapital.com/podcast
Website: REI INK