Podcast appearances and mentions of ryan garcilazo

Ryan Garcilazo, better known as Rotty, is a real estate investor and the CEO of The Rehab Depot. With a business focused on rehabbing and general contracting, Rotty is on the show today to help us learn more about managing your rehab budget, working with contractors, and more.    Listen now to learn more about Rotty'sx experience in real estate through the years and how you can build a strong relationship with your contractors for more successful rehabs!   Key Talking Points of the Episode   00:00 Introduction 00:27 What is Rotty's background? 02:38 What advice does Rotty have for investors in today's market? 03:47 How can understanding general contracting help you as an investor? 06:48 What was 2008 like for Rotty's business? 08:32 How can understanding the hedge fund model help your business grow? 10:30 What is the importance of having a flawless system in your business? 11:37 How does Rotty's business work today? 12:25 Why do investors need to understand how the construction process works? 18:11 What is labor burden for general contractors? 20:03 How do general contractors manage construction budgets? 22:37 What contingencies should lenders have for rehabbers? 24:30 What do most investors overlook when doing rehabs? 25:22 Why is transparency important when dealing with general contractors? 28:15 What is the real purpose behind building rapport with your contractors? 31:48 What is Rotty's advice to real estate investors focused on rehabbing? 36:05 Where did the idea for Rotty's virtual project management service come from? 37:11 How do virtual project managers make the rehab process more convenient? 39:15 Why do we need virtual project management in the real estate space? 41:39 What is a Gantt Chart and why should you understand it? 43:02 What is the number one mistake investors make when rehabbing properties? 43:57 How can you get in touch with Rotty?   Quotables   “It's extremely important to understand that when you are an investor, I don't care what you invest in, if you don't understand our side of the fence, we will take your money.”   “It is not your contractor's job to teach you how to rehab your property.”   “The more an investor understands the process of construction, you singularly can eliminate 90% of your problems.”   Links   Website: The Rehab Depot www.callmydog.co Instagram: rottyflippedit https://www.instagram.com/rottyflippedit/ Linkedtr.ee:@Getrotty https://linktr.ee/Getrotty Website: RCN Capital https://www.rcncapital.com/podcast    Website: REI INK https://rei-ink.com/   

One of the toughest things to do in marketing is positioning yourself as the "go-to" in your space. When it comes to buying and selling houses, being the authority is extremely important. We bring on Ryan "Rotty" Garcilazo to talk about building your brand and become the authority in your market. . Connect with Ryan! Website: http://therehabdepot.com/ Instagram: https://www.instagram.com/legendaryflipper/ Facebook: https://www.facebook.com/ryan.garcilazo

Today, I have my buddy Ryan Garcilazo on the show. He has become the expert; the go-to person for rehabbing. You have to treat the rehab side of your business like a business. For a lot of us real estate investors, the rehab is an afterthought. Coming into this economy that we're going into right now, you need to be buttoned up and act like a professional. Today, we are going to talk about emergency rehabbing, taking advantage of the market, and exponentially growing your business. To learn more about Investor Fuel, please visit InvestorFuel.com!

Today, I have my buddy Ryan Garcilazo on the show. He has become the expert; the go-to person for rehabbing. You have to treat the rehab side of your business like a business. For a lot of us real estate investors, the rehab is an afterthought. Coming into this economy that we're going into right now, you need to be buttoned up and act like a professional. Today, we are going to talk about emergency rehabbing, taking advantage of the market, and exponentially growing your business. To learn more about Investor Fuel, please visit InvestorFuel.com!

Contractor-turned-teacher Ryan Garcilazo joins Brian on the show to talk about fostering good relationships with contractors. Many investors dislike working with contractors, and Ryan’s business has set out to change the relationship between investors and contractors. In today’s episode, he shares four things to do before you ever start demo or groundbreaking on a property. These steps help the investor take control of the project and create favor for both parties.   Key Takeaways:   [1:05] Investors don’t generally like working with contractors, and it is often because they don’t understand what contractors do. Sometimes contractors take advantage of investors, and Ryan has set out to change the game for investors and help show them the game. [2:34] Ryan has been in real estate for 15 years. He was a contractor who primarily flipped houses for investors in the first ten years. After several hundred flips, he made the switch to start teaching people how to change the way they rehab. His credibility from both worlds has allowed him to bridge the gap between investors and contractors. [6:20] The main part of Ryan’s business today is the education piece — they have online classes, live Zoom calls, and some in-person consulting, with different boot camps throughout the year. The goal is to teach investors how to go from an investment model to a construction model. [8:30] One of the biggest things they teach is the production phase, which prepares you for demo/groundbreaking day one. The four steps to production are 1. Pre-walk the property with three different GC’s. Ryan breaks down the three verbal commitments to get on this pre-walk: start date, time frame, and budget. [13:50] If you can reverse-engineer the GC fee, that’ll change the way you rehab. There’s a 10% contingency in a budget, and half of most budgets are labor. The whole idea of the model is that you as the investor are controlling every single penny to come out under budget. More often than not, investors lose the deal on the GC fee. [17:10] Finding a good contractor can be hard, especially depending on where you live. For rehab projects, you’re probably hiring B or C contractors. You generally get what you pay for, but taking control of a project with a C level is a little easier because they need you just as much as you need them. [21:35] The next step in the production phase is 2. Putting the information from the pre-walk into a contract. Your contract should have scope of work, a blank sub-list for the contractor to fill out, a blank page for negotiations or changes, a blank schedule for the contractor to fill out, and material selection. [25:40] The third step is 3. Pre-construction meeting. Have an all-hands-on-deck meeting at the site and create the job site binder with all signed documents, blank lien waivers, and any layout photos. This binder stays on the job site to make communication more convenient and easier for the investor and the contractor. [27:55] The last step is the money step: 4. Go over your money and funding and address any discrepancies with your GC. After you complete all four of the steps (approximately four weeks), you are ready for demo day one. These are the steps that set professional rehabbers apart from people who do one-off jobs to make some extra money, but it’s doable to any novice. [30:00] Ryan suggests that investors be involved in their flips, while many investors prefer the opposite. This is part of the reason why investors can get ripped off by some contractors. Ryan has been teaching this to help make rehabbing attractive again for investors. [32:05] Brian asks some general questions about hiring a contractor, including whether investors should run background checks or give money up-front. [34:20] The next boot camp is November 7–9 in Chicago. It’s $1,500 for two-and-a-half days. In the boot camp, they go over all three phases of construction: time management, general contracting, and project management. You also get materials and access to the online classes.   Mentioned in This Episode:   Meetings REI Facebook Page Brian’s Book The Rehab Depot Instagram: @legendaryflipper Facebook YouTube

Ryan is a contractor and investor who specializes in training investors how to deal with contractors. This is huge as investors, especially flippers. With proper construction knowledge you’ll be able to save money on bids, as well as keeping yourself from being taken advantage of. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!   Best Ever Tweet: “The #1 mistake is investors have expectations of a rehab” - Ryan Garcilazo   Ryan Garcilazo Real Estate Background: -Owner of the Gacilazo group, who train investors, newbies, contractors and wholesalers how to rehab -They buys, renovate, and turn—either renting or selling—an average of about 16 properties a month -Has flipped nearly 600 homes and worked with nearly 1,000 investors -Won top 550 contractor awards the past fours years. Earned a spot on on the INC 5000 list -Say hi to him at   -Based in Chicago, Illinois -Best Ever Book Made Possible Because of Our Best Ever Sponsors:Are you looking for a way to increase your overall profits by reducing your loan payments to the bank? offers a fix-and-flip loan program that ONLY charges interest on the funds that have been disbursed, which can result in thousands of dollars in savings.Before securing financing for your next fix-and-flip project, Best Ever Listeners you must download your free white paper at to find out how Patch of Land’s fix and flip program can positively impact your

On today's show, we sit down and talk to Ryan Garcilazo, he is the founder of The Rehab Depot and has over 10 years of General Contracting experience. He has fix and flipped over 600 homes, and is currently a rehab consultant and advisor to investors. Ryan’s background as a general contractor allows him to teach real estate investors how to work with contractors effectively. On this episode, he goes in depth about why most investors fail at rehabbing and what to do about it.

Looking for a new contractor? Well, today’s guest tells us why you’ll never find that “A” contractor and why it’s you that needs better training. Ryan Garcilazo is the Founder of The Garcilazo Group and Rehab Depot. He has flipped nearly 600 homes, worked with over one thousand investors and walked over five thousand homes. His company has been recognized as one of the top contractors and earned a spot on the INC 5000 list. Now, he’s his giving investors the perspective of how to flip from a contractor’s point of view and sharing his key insights to find and manage contractors for your next project.   Key Market Insights Has worked in over 12,000 square miles of northeastern Illinois The state of Illinois does not demand a GC license, unlike other states; each local municipality has their own protocol Chicago – contractors only need to have the right insurance (brand name) and application Contractors know how to make money and how to pad a line item; can charge up to 33% markup on retail/consumer job You’re never going to attract the "A" contractor because they don’t flip homes – they’re building restaurants, hotels, apartment complexes You’re dealing with the Bs, Cs and Ds or common crews When looking for contractors, understand the contractors mindset Investors come from the structured world of corporate culture, contractors come from the blue collar world Instead of meeting at a Starbucks, meet at a property they’re rehabbing and ask questions about what they’re doing Questions to ask on a contractor’s job site: when did you start, how many weeks did you plan? Will you finish on time, find out who owns this project and then ask them about the project You’re combining real estate, construction and investing When creating a SOW, it should be a 4-person team and the steps start way before closing: Pre-walk, finalize sow, pick materials, evaluate contractors, pre-con How to get out of a bad deal: go back to the beginning, see what you were thinking and restart   Bull’s Eye Tips: Winning Your Market: Know how to rehab the right way Market Changes: Primary research and then connecting with other investors, Facebook and LinkedIn Daily Habit: Workout and take 10 mins to sit with kids in the morning   Resources: Best Business Books: How to be Like Walt by Pat Williams   Digital Resources Buildium   Tweet This: “Contractors know how to make money and pad a line item”   “You don’t need a new contractor, you need better education”   “Instead of meeting at a Starbucks, meet at a property they’re rehabbing and ask questions about what they’re doing”   “Can not be a sideline coach on your rehab”   Places to Grab a Bite in Chicago: Gene and Jude’s Al's Italian Beef    Connect with Ryan: Cell: 847-899-5713 Website: thegarcilazogroup.com Instagram: @legendaryflipper Twitter: @legendaryrehabs   Leave us a review and rating. Be sure to check out more info at TargetMarketInsights.com.