Episode 804
The Hidden Risk in Construction Projects (And How to Eliminate It) w/ Gary Eastman
Attorney and surety expert Gary Eastman explains how bonds protect real estate investors from delays, contractor failures, and costly litigation.
In this episode of RealDealChat, Gary Eastman—attorney and founder of Swift Bonds—breaks down what surety bonds really are, why they exist, and when real estate investors should actually use them.
Gary shares how he accidentally built a nationwide surety business after noticing a gap in how probate, construction, and licensing bonds were being handled. We dive into the three main bond categories (court bonds, contract bonds, and license & permit bonds), how bonds differ from escrow, and why they’re increasingly being used on private real estate projects—not just public jobs.
You’ll hear real-world stories from over $1B in bonded projects, including situations where a simple problem turned into a six-figure mess—and how bonds prevented years of litigation. We also cover contractor red flags, labor shortages, supply-chain risk, AI’s limits in forecasting, and why time delays—not cost overruns—are usually the real portfolio killers.
This is a practical, risk-aware conversation for investors who want to scale without gambling their timeline or capital.
🌐 Learn more about Gary & surety bonds: 👉 https://swiftbonds.com
If this episode helped you think differently about construction risk, share it with one investor friend—and learn more at https://realdealcrew.com
LIKE • SHARE • JOIN • REVIEW
SUPPORT THE SHOW!
- If you are new to Wealthfront, and open a Cash Account, you'll get a 0.50% APY boost for 3 months.
- Open an Automated Index Investing Account or Automated Bond Portfolio, you'll earn $5,000 managed for free.
- Get $10 and Reduce Your Business Costs by Shopping at AppSumo • https://bit.ly/reiappsumo
- Get $10 Towards Your First Purchase at Drop • https://drop.com/?referer=3DC729
Mentioned in this episode:
intro to RealDealCrew
book a Fit Call at RealDealCrew.com
