Firing contractors is one of the most uncomfortable parts of real estate investing — and one of the most expensive if you do it wrong.

In this episode of The Real Wealth Formula, Brad Hovis breaks down exactly how and when to fire contractors so you don’t lose time, money, or control of your project.

Brad shares hard-earned lessons from decades of rehabbing properties, including: -why he has never regretted firing a contractor too soon -how poor character costs more than poor craftsmanship -how contracts, lien waivers, and fast decisions protect your assets -and how to avoid being held hostage on your own property

This is not theory. These are real stories, real mistakes, and real systems that protect your cash flow and your peace.

If you’re rehabbing houses, managing contractors, or planning to invest in real estate — this episode can save you thousands.

✔ why people stay stuck financially for decades ✔ why lifestyle creep quietly destroys progress ✔ how avoidance keeps people stressed and overwhelmed ✔ and how real wealth is built slowly, intentionally, and with purpose

If you’ve ever felt behind, discouraged, or confused about money, this episode will bring clarity, conviction, and hope.

✔ Why firing contractors early saves money and stress ✔ The biggest red flags that tell you a contractor won’t work out ✔ Why character matters more than skill on job sites ✔ The “starting five” contractors every investor needs ✔ Why you should never pay for incomplete work ✔ How contracts and lien waivers protect your property ✔ What to do immediately after firing a contractor ✔ When it makes sense to “pay them off” and move on ✔ How systems turn rehabs into a repeatable business ✔ Why strong contractor teams accelerate passive income

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Website: www.realwealthformula.com Phone: 877-77-MOGUL Email: Real Wealth Formula LinkedIn: Real Wealth Formula Instagram: @realwealthformula X (Twitter): @realwealthshow TikTok: @realwealthformula YouTube: Real Wealth Formula

00:00 – Introduction 03:56 – The Biggest Red Flags on Job Sites 04:38 – Why Firing Too Late Always Costs More 06:09 – The “Starting Five” Contractors You Need 07:00 – Specialists vs “I Can Do Everything” Guys 08:10 – When to Fire a Contractor Immediately 09:20 – Why You Never Pay for Incomplete Work 10:08 – Contracts, Lien Waivers & Protecting Yourself 11:50 – How to Avoid Being Held Hostage 12:49 – Real Stories of Contractor Blow-Ups 13:40 – When It Makes Sense to Pay and Move On 15:01 – The Right Way to Negotiate a Clean Exit 17:58 – Building Contractor Teams That Scale 20:35 – Turning Rehabs Into a Repeatable Machine 21:25 – Final Advice

Most people believe their financial stress will disappear once they make more money.

It won’t.

In this episode of The Real Wealth Formula, Brad and Dr. Brian E. Arnold breaks down why income alone never creates freedom and why habits, stewardship, and structure matter far more than your paycheck.

This is a practical, faith-driven conversation about:

✔ why people stay stuck financially for decades

✔ why lifestyle creep quietly destroys progress

✔ how avoidance keeps people stressed and overwhelmed

✔ and how real wealth is built slowly, intentionally, and with purpose

If you’ve ever felt behind, discouraged, or confused about money, this episode will bring clarity, conviction, and hope.

✔ You cannot out-earn poor financial habits

✔ Why income growth without discipline increases stress

✔ The real reason most people stay financially stuck

✔ How stewardship creates peace, not restriction

✔ Why responsibility comes before freedom

✔ The danger of delaying financial decisions

✔ The difference between being busy and being wealthy

✔ Why faith requires action in money

✔ How the R.E.A.L. process builds stability before growth

✔ Why long-term wealth is built, not stumbled into

REIBIZ: reibiz.com FreedomSoft: realwealthformula.com/sponsors PropStream: realwealthformula.com/sponsors

Website: www.realwealthformula.com Phone: 877-77-MOGUL Email: Real Wealth Formula LinkedIn: Real Wealth Formula Instagram: @realwealthformula X (Twitter): @realwealthshow TikTok: @realwealthformula YouTube: Real Wealth Formula

One of the most common questions real estate investors ask is: “What local markets actually work for investing?”

In this episode of The Real Wealth Formula, Brad Hovis sits down with long-time partner John Webb to break down the real way to choose real estate markets using both data and real-world experience.

They explain why price-to-rent ratios matter, why distressed inventory is essential, and why you can’t rely on spreadsheets alone. From Memphis and St. Louis to San Antonio and Detroit, Brad and John share firsthand stories—both good and dangerous that reveal why market selection is as much an art as it is a science.

If you’re tired of chasing “hot markets” and want to build safe, sustainable cash-flowing rentals, this episode will completely change how you think about location.

Real talk. Real numbers. Real freedom.

✔ Why price-to-rent ratio is non-negotiable for buy-and-hold investing ✔ How distressed inventory determines whether a market works ✔ Why some cities cash flow while others never will ✔ The difference between A, B, C vs D & F neighborhoods ✔ Why data alone is dangerous without boots on the ground ✔ How brand-name commerce (Starbucks rule) signals stability ✔ Why investors exit markets before they collapse ✔ How jobs, job diversity, and tenant demand protect cash flow ✔ Why vacancy—not repairs—is what really kills returns ✔ How to blend faith, wisdom, and discernment into market decisions

REIBIZ: reibiz.com FreedomSoft: realwealthformula.com/sponsors PropStream: realwealthformula.com/sponsors

Website: www.realwealthformula.com Phone: 877-77-MOGUL Email: Real Wealth Formula LinkedIn: Real Wealth Formula Instagram: @realwealthformula X (Twitter): @realwealthshow TikTok: @realwealthformula YouTube: Real Wealth Formula