S2 E69 - Judging Oklahoma Homes & Building Real Estate Wealth

In this episode of Beers with Contractors, Will and Terry discuss Terry being “voluntold” to judge the Oklahoma Parade of Homes, touring about 60 homes from Edmond to Blanchard around a $1.2M price point and evaluating categories like staging, layout, craftsmanship, finishes, technology, and lot desirability, while noting energy efficiency wasn’t a focus and that judges largely agreed on top picks. They then shift to Terry and Carrie’s real estate investing, including acquiring mostly off-market properties through networking and direct outreach, and renovating a 1908 building purchased for about $150,000 with estimated renovation costs around $225,000, emphasizing doing much of the work themselves and considering mixed-use tenancy. The conversation highlights how tradespeople can leverage skills, networks, and patience to build long-term wealth via property, plus reflections on communicating with younger generations and basic business-versus-salary tax concepts.00:00 Introduction01:48 Parade of Homes Invite04:16 Judging the Builds06:45 Energy Code Talk11:24 Historic Building Purchase15:41 Rental Portfolio Lessons20:24 Finding Deals Off Market24:11 Guthrie Building Details24:39 Off Market Deal Making26:09 Neighborhood Prospecting Tips26:55 Shared Vision And Risk28:16 Business Trusts And Wealth29:49 OU Talk And Money Lessons34:00 Gen Z And Social Media38:21 Taxes Salary Vs Business41:51 Mixed Use Tenant Strategy42:41 Airbnb Reality Check46:36 Renovation Budget Breakdown48:50 Refinance And Risk Mindset51:41 Closing Toast And DisclaimersCheck Out Greenbaum Stiers Strategic Marketing Group: https://www.greenbaumstiers.com/Foundation Rescue Supply Link:https://www.foundationrescuesupply.com/Contractors Kick Ass!Podcast Store Link:https://williamwalkerblake.com/store-1The Worker Incentive Program that Contractors Love! - Per4mance Software https://per4mance.io - Pay for performance, not hours