Episode #56: Smart Renovating with Van Sturgeon


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By Deidre Woollard and A Motley Fool Service. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

This episode is sponsored by Urban Catalyst.

When it comes to talking about renovation, people tend to fall into two camps, those who have watched a lot of HGTV and can't wait to do the fun part and pick out tiles and those who are scared to start because they are afraid they are going to make a costly mistake.

For both of those camps, today's podcast should help. Van Sturgeon is an experienced entrepreneur who created several businesses in the real estate industry and he's also a general contractor. He personally owns over 1,000 properties across North America, and is semi-retired from the day-to-day operations of his businesses. His mission is to help real estate investors overcome their fears of house renovations.

0:00 Introduction
4:11 The perils of being a general contractor
6:47 The importance of a needs and wants list
10:13 Secrets for vetting contractors
17:08 Building a scope of work
19:20 Getting multiple quotes
22:06 Sponsor statement -- Urban Catalyst
24:16 Dealing with water damage and mold
26:17 Wiring in older houses
32:02 Buying as is
34:15 Is there anything that is unfixable
39:26 The current market for flippers
43:08 Renovating multiple families
48:54 Preparing neighbors for a renovation
50:38 Is there any trend that is played out for renovators?

72 episodes