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Podcast: The Real Estate Espresso Podcast
Episode: So Your Contractor Just Went Bust
Description: On today’s show we are talking about a very real risk that is affecting real estate developers and property owners alike. It’s always been a risk that a contractor might go out of business. Sometimes contractors allow themselves to get upside down financially. This can happen for a variety of reasons. Sometimes it’s the result of a client not paying them in a timely manner which causes a cash flow problem. Sometimes it’s the result of poor financial management. The contractor keeps trying to get new business to keep the lights on. By the time...