7 Figure Flipping

This is Part 2 of our interview with Will Barnard.  Click here to listen to Part 1.Will Barnard is a house flipper that focuses his energies on higher end properties.  In part 2 of our interview Will discusses the process of dealing with luxury house flips from financing to rehabbing to closing the deal with sellers.Have any questions for Will or myself? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Shout Outs and Thanks!Thanks to Paul Colaiani at The Overwhelmed Brain for the GREAT audio introduction!  Think you can do better?  Send it in and show us what you can do and we might feature it on a future episode!Thanks to Rodney Palmer from San Diego for the awesome gift!Thanks also to Casey Cloud, our Ryan Skalla consulting call winner for the Amazon Gift Card!And last but not least, Rick Grimsley for your amazing help in helping my wife know more about what it takes to get a pilot's license.Flip Tip“Cutting Through the Clutter to Hit the Target and Reach Your Goals”Sometimes we're inundated with “information overload”.  For many people the problem isn't not knowing what to do, but just getting up and taking action.  In today's Flip Tip I share some thoughts on how to overcome the “clutter” of business-related information and focus on what it is you're trying to accomplish.  And, specifically with House Flipping, I talk about the 6 steps you need to get started with to start making offers and flipping houses.Show NotesIn this episode we cover:Will's approach to rehabbing high-end luxury homes and the importance of having a visionWhy Will is more hand's-on with some of his rehab projectsHow Will hires and manages his contractorsWill's recommendations for getting started with contractors and where you can get referralsWhat to look for in a contractor and/or handy-manWhat Will puts in his contracts with contractorsWill's use of creative financing on his projects and more details on seller financingA beginner's look at seller financingThe process Will goes through with the appraisal of his propertiesHow Will goes through the closing process when he sells his homesHow he deals with inspections from buyers and requests for repairsWill's recommendations to people who are new to house flipping and how to deal with fearTweetable QuotesClick a quote to tweet it!“Sometimes you have to let the reigns go.  There's a better use of my time.” ~ Will Barnard“If you're an investor and you have a good contractor, you're not giving them up.” ~ Will Barnard“Get educated in whatever strategy you decide to employ” ~ Will Barnard“The rich act in spite of fear when others allow it to stop them” ~ Will BarnardTranscriptClick here to Read and Download the Transcript for Episode 25Links and ResourcesPaul Colaiani at The Overwhelmed BrainWill's website: Barnard EnterprisesBigger PocketsInvestor ExpertsJoin the Mastermind Webinar!Plus, don't forget our House Flipping Mastermind Group is starting tomorrow, February 1, 2014.  We will not be having a webinar until February 13, 2014, which you can sign up for at houseflippinghq.com/webinar.Leave us a Rating and Review!If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!Image Attribution: A.Savin [CC-BY-SA-3.0-2.5-2.0-1.0 (http://creativecommons.org/licenses/by-sa/3.0) or FAL], via Wikimedia CommonsThe post HFHQ 25: Rehabbing and Selling High End Flips with Will Barnard (Part 2) appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

This is Part 1 of our interview with Will Barnard.  Part 2 will be up in two daysWill Bernard is a house flipper that focuses his energies on higher end properties.  Today we discuss how he finds his deals and the process he uses to finance them.  Amazingly he does this all with just private money lenders and his own equity!Have any questions for Will or myself? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Flip TipI was thinking about creating systems during a trip to Disneyland.  All successful businesses utilize systems.  You have to give up the idea that you need to do everything in your business on your own.  It does take more time and effort to train someone to do something, so you need to take the time to set up your system.  And you should know how to do something, like evaluating properties, before you train someone else.  But other things that are “unskilled”, like licking stamps, can be turned over quickly and delegated out.  Start delegating the simple stuff and then increase the complexity (and their compensation) as your trust in the person increases.  Then focus your energies on growing you business, instead of running each moving part.Show NotesIn this episode we cover:Will Barnard's early start as a self-employed business person and how he found real estate investing and house flippingIn 2004 Will started buying houses and in 2005 started buying houses in Texas even though he lived in CaliforniaIn 2009 Will did his first flip and almost pulled six figured on the dealWhy Will's main focus right now is on the luxury market with higher-end housesHow Will finds properties using the MLSWhat Will looks for when searching out higher-end dealsWill's business, Investor Experts, and how it helps people find MLS deals.Will's plans to use Direct Mail as part of his acquisition funnelHow Will funds all of his higher end deals just with private money and personal funds.How to increase your pool of private money and find the lenders with money.How to avoid breaking government rules with private money lendingWhat Will does to structure his financing and paymentsTweetable Quotes“Everyone and their dog is trying to flip houses” ~ Will Barnard [Tweet This!]“There is risk in everything we do and everything we say.  It is how well you mitigate that risk that matters” ~ Will Barnard [Tweet This!]“If you're brand new I highly recommend starting with … family and friends” ~ Will Barnard [Tweet This!]“I always focus on the lender and not myself” ~ Will Barnard [Tweet This!]TranscriptClick here to Read and Download the Transcript for Episode 24Links and ResourcesInvestor ExpertsWill's website: Barnard EnterprisesOccupants from HellJoin the Mastermind Group!Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February! If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/mastermindLeave us a Rating and Review!If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!Image Attribution: By Wolfgang Staudt from Saarbruecken, Germany (Potsdam Neues Palais) [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia CommonsThe post HFHQ 24: High-End House Flipping with Will Barnard (Part 1) appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

This is Part 2 of our interview with Marty Boardman.  If you missed it,  click here for Part 1 of this interviewMarty is a house flipper from Phoenix, Arizona, who flips houses in Milwaukee. Yes, you read that correctly. Even though Marty lives in Phoenix he has an active house flipping business with a farm area 2,000 miles from where he lives!In today's interview, we discuss how Marty approaches financing, rehabbing and buying properties.  We also talk about the importance of mentors, how to run a scalable business and there is even a bonus at the end of the episode for you to enjoy. Have any questions for Marty or myself? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Show NotesIn this episode we cover:Federal regulations related to house flippers and private money lendersWhere Marty finds his private money lendersMarty's experience with and strategies for working with contractorsWhy Marty spends most of his time on the acquisition processThe importance of having mentors and people who can guide your developmentHow Marty sells his propertiesThe pros and cons of having a real estate licenseMarty's approach to the business of being a real estate investorPlus, a special bonus at the end of the episode! Memorable Quotes“Where else can you get 12% annualized return with a secured investment?” ~ Justin Williams [Tweet this!]“If I'm going to have 14 rehabs going at one time, I'm going to need at least 4 contractors to manage all the work” ~ Marty Boardman“The only times I ever want to hear form you are, the house burned down, or somebody died in it, or its going over budget, or its going to take longer than you think.  Those are the only four reasons you should call me.” ~ Marty Boardman“Show me the baby.  Don't tell me about the labor pains.” ~ Justin Williams [Tweet this!]“You have to empower people to make their own choices.” ~ Marty Boardman [Tweet this!]“He told me, ‘you know a LOT about real estate, but you don't know JACK about business.” ~ Marty Boardman [Tweet this!]“Investing in real estate is a business.  Just like any other business … it does require a lot of work.  You have to immerse yourself in the craft of real estate investing.” ~ Marty Boardman“If you're going to build a scalable investment business … you need to be willing to step back” ~ Marty Boardman [Tweet this!]“Who doesn't love to see a dumpy little house turn in to something you can be proud of?” ~ Marty Boardman [Tweet this!]TranscriptClick here to Read and Download the Transcript for Episode 23Links and ResourcesFixing and Flipping Real Estate: Strategies for the Post-Boom Era (Affiliate Link)Pro Teck Valuation ServicesJoin the Mastermind Group!Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February! If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/mastermindLike what you hear?If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!Image Attribution: By Azwatchdog (Own work) [GFDL (http://www.gnu.org/copyleft/fdl.html), CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0/), CC-BY-2.5 (http://creativecommons.org/licenses/by/2.5), CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)], via Wikimedia CommonsThe post HFHQ 23: Long Distance House Flipping – Marty Boardman (Part 2) appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Today we are visited by Marty Boardman.  Marty is a house flipper from Phoenix, Arizona, who flips houses in Milwaukee.  Yes, you read that correctly.  Even though Marty lives in Phoenix he has an active house flipping business with a farm area 2,000 miles from where he lives!In today's Part 1 of the interview, we discuss how Marty got started with House Flipping (which actually follows a lot of parallels with my own journey) and he shares why he changed his farm area to another state and how he works his deal acquisitions and financing from such a long distance.Have any questions for Marty or myself? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Join the Mastermind Group!Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February! If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/webinarShow NotesIn this episode we cover:Marty's journey from a TV cameraman to real estate investorHow Marty interned with an established real estate investor to learn the ropesMarty's experience with House Flipping “Guru's” and the real way to learn how to flip housesWhy Marty decided to stop flipping houses in his own area (Phoenix) and started flipping in MilwaukeeHow he “graduated” from a beginner house flipper to an true house flipper by changing his farm areaHow Marty finds his dealsMLS – It is important to find a realtor on the ground who knows what to look for.REOEstate SalesWholesalerHow Marty analyzes over 150 properties a month even though he doesn't live in his farm areaHow Marty gets financing for his dealsMemorable Quotes“Quit wasting your time flying around the country giving money to these gurus.  Find yourself a real estate investor in your market and learn from them. Buy them coffee, taken them out to lunch, and serve them someway and help them.” ~ Marty Boardman“I'm not necessarily looking to find a real estate agent who is an investor themselves.” ~ Marty Boardman [Tweet this!]“If you're just getting started and you don't have the money, just go find a deal.” ~ Marty Boardman [Tweet this!]TranscriptClick here to Read and Download the Transcript for Episode 22Links and ResourcesRich Dad, Poor Dad (Robert Kiyosaki)CASHFLOW Quadrant (Robert Kiyosaki)Bigger PocketsMilwaukee REIAFlipping Phoenix Houses (Marty's Website)Pro-Teck Valuation ServicesLike what you hear?If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!The post HFHQ 22: How To Flip Houses from 2000 Miles Away – Marty Boardman (Part 1) appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

You can hear Part 1 of this interview here.Sharon Vornholt from Louisevile, Kentucky is a master marketer, wholesaler, and really understands the probate and absentee owner process.  In part 2 of our interview Sharon shares details on how she connects with and talks to potential sellers.  She also explains her process for getting properties under contract and where she finds buyers to wholesale her properties to.Have any questions for Sharon or myself? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Join the Mastermind Group!Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February! If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/webinarShow NotesIn this episode we cover:Sharon's process when on the phone with a potential sellerConfirm phone number and nameHave them describe the property and conditions of major systems (heat, electric, etc.)Have the kitchens or baths been redone in the past 7 or 8 years?Understanding a seller's motivation for selling the house.  “What are you looking to get?”What Sharon does when she visits a houseHow Sharon draws up her contracts and initiates the closing processThe type of contract Sharon usesWhy you shouldn't get caught up in the probate processWhere Sharon finds her best buyersWhy marketing to sellers is a long-term process and you need to stick with it.Memorable Quotes“Try to find out what their motivation is.  It's always money, but there is always something else” ~ Sharon Vornholt“I use a simple one page contract that pretty much anyone can understand” ~ Sharon Vornholt“My best buyers were found in my REIA group” ~ Sharon Vornholt [Tweet this!]“People think you need a million buyers. You don't.  You really only need three.” ~ Sharon Vornholt [Tweet this!]“Marketing is a long-term strategy.  Direct Mail is a long-term strategy” ~ Sharon Vornholt [Tweet this!]“90% of your deals will come about at your fifth mailing or beyond” ~ Sharon Vornholt [Tweet this!]TranscriptClick here to Read and Download the Transcript for Episode 21Links and ResourcesInnovative Property Solutions, LLCLouisville Gals Real Estate BlogKREIA – Kentuckiana Real Estate Investors AssociationLike what you hear?If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!Image Attribution: By Tony Wills [CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia CommonsThe post HFHQ 21: Approaching and Dealing with Sellers – Sharon Vornholt (Part 2) appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Sharon Vornholt from Louisevile, Kentucky is a master marketer, wholesaler, and really understands the probate and absentee owner process.  In fact, today we get really deep with her approach to marketing to probates and finding absentee owners.  She gives us her specific methods for direct marketing to this unique demographic and even provides a copy of her initial probate letter, which you can download below!Have any questions for Sharon or myself? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February! If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/mastermindShow NotesIn this episode we cover:Sharon's early beginnings with properties starting a home inspection company and then getting hooked on investing at her first REIA meeting.How Sharon started with wholesaling and what she recommends for people who are just starting outSharon's current business model and why she transitioned away from being a landlordSharon's main marketing source and the best source of her leadsThe power of networking with your REIA groupWhy probates are unique and how to market to them effectively (hint: don't send a yellow letter or postcard!)Marketing to the executor vs. the heirsThe four pieces of information you need to start a probate campaignSharon's specific approach to crafting a probate letter and how many letters she sendsSharon's specific approach to marketing to absentee owners and which direct mail pieces get the best resultsSharon's preferred mailing and list services for direct mail marketingHow Sharon handles phone callsMemorable Quotes“There was something really scary about making that first offer and wondering if I would be able to find a buyer” ~ Sharon Vornholt“You have to learn what a good deal is” ~ Sharon Vornholt [Tweet This!]“You need a realtor who understands investing” ~ Sharon Vornholt [Tweet This!]“There are around 3,300 counties in the United States, and every one of them is different” ~ Sharon Vernholt“What's good is bad and what's bad is good” ~ Justin Williams [Tweet This!]TranscriptClick here to Read and Download the Transcript for Episode 20Links and ResourcesInnovative Property Solutions, LLCLouisville Gals Real Estate Blogyellowletters.comListSource.com Like what you hear?If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!Image Attribution: By Greg-si (Own work) [CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia CommonsThe post HFHQ 20: Wholesaling and Probates with Sharon Vornholt – Part 1 appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Rick Solis is a master of evaluating properties and is currently the main appraiser for the Norris Group. He's appraised over 12,000 properties, averaging more than 500 per year, has done 200 real estate transactions of his own and has been involved in around 250 loans.In this, the second part of our interview, Rick gets in to a lot of details on the appraisal process.  He spends a lot of time sharing both his own process for inspecting properties, and how you can work with appraisers as an investor.  We also discuss creative financing, retirement investments and Rick even provides 3 downloadable documents that you can use today to help you and your business.Have any questions for Rick or myself? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February! If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/mastermindShow NotesIn this episode we cover:Why most appraisers and real estate agents don't really know how to evaluate properties for investingRick Solis' approach to writing rebuttal letters and where to send it to (and where NOT to send it!)Rick's process when he inspects properties and what he looks forHow to work with appraisers to get the best resultsWhat to do when you end up with a bad appraisal and your options when the appraiser won't budgeRick's financing methods with seller financing and subject 2 (and what those are!)Examples of creative financing with seller financingThe documents you need for seller financingApproaches to subject 2 financingRick's approach to retirement investing and ways to build your retirement equity quicklyMemorable Quotes“I'm a much better appraiser now that I'm buying properties” ~ Rick Solis [Tweet this!]“As an appraiser our whole life is coming up with a number and justifying it” ~ Rick Solis [Tweet this!]“In the 12,000 appraisals that I've done, it's always been the ‘wrong' number.  Someone is always unhappy with the number.” ~ Rick Solis [Tweet this!]“I'm a big reader of books.  Whenever I have a problem I need to figure out, I just go get a book.” ~ Rick Solis [Tweet this!]“If I was hitting real estate clubs right now [Tony Alvarez] is the main guy I would try to follow.” ~ Rick SolisTranscriptClick here to Read and Download the Transcript for Episode 19Links and ResourcesNorris Group WebsiteInterested in the House Flipping Mastermind Group? Get information here.And here are the documents that Rick mentioned in the podcast, which you can download for free:Appraisal AdjustmentsHow to select sale comparablesRick's recommended books and resources[wpdm_file id=13]The Winners are announced!We have winners for our two drawings for prizes with both Robert Fragoso and Ryan Skalla!  Here are the details:Contest 1Tickets to Anchor Loans' VIP house flipping networking event in the Hyde Lounge at an L.A. Clippers game (See post here)Winner: Chris Music from San Francisco, CaliforniaContest 2A 1-on-1 coaching call with Justin Williams and Direct Marketing expert Ryan Skalla (See post here)Winner 1: Casey from Denver, ColoradoWinner 2: Blake Stevens from Ft. Collins, ColoradoCongratulations!  If you won the contest, just shoot an email to [email protected] with your contact details and we will send you all the information you need.Like what you hear?If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!Image Attribution: By Herzi Pinki (Own work) [CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia CommonsThe post HFHQ 19: Appraisals for House Flippers – Rick Solis (Part 2) appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Rick Solis is a master of evaluating properties and is currently the main appraiser for the Norris Group.  He's appraised over 12,000 properties, averaging more than 500 per year, has done 200 real estate transactions of his own and has been involved in around 250 loans.From early beginnings buying his first rental property at the age of 20 and working as an appraiser for over 2 decades, Rick is the guy to talk to when you want to understand how to properly evaluate properties.  In part 1 of our interview we discuss his journey as well as his approach to long and short term real estate investing, specifically rental properties and dealing with tenants,Have any questions for Rick or myself? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February! If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/mastermindShow NotesIn this episode we cover:Rick's work as the main real estate appraiser for the Norris GroupThe main way Rick finds deals today and why he doesn't use Direct MailWhy Rick prefers rental properties to flipping housesRick's optimal time to sell a houseWhat Rick looks for in a house when it is occupied and how he deals with existing tenantsThe eviction process and Rick's no-stress way to evict bad tenantsWhy it's important to factor in the worst-case-scenario when you get a deal from an unknown wholesalerWhat Rick looks for when he is evaluating properties as an appraiserRick's approach to finding and analyzing comparablesThe difference between looking at comps as an appraiser vs. an investorMemorable Quotes“When I'm flipping it's just for income.  When I think of myself as an investor, I'm trying to take the profit out of a sale and move if forward.” ~ Rick Solis“I hate rental houses” ~ Rick Solis [Tweet this!]“20% of our rentals provide 60% of the hassles” ~ Rick Solis [Tweet this!]“I hate selling a house between Holloween and Valentine's Day” ~ Rick Solis“If I'm discounting the rent, then they're taking care of the maintenance” ~ Rick Solis [Tweet this!]“There is nothing worse than doing a double rehab within a year” ~ Justin Williams [Tweet this!]“You have to wear pants to court, and I hate that” ~ Rick Solis [Tweet this!]“You don't need to know everything to get started in this business” ~ Justin Williams [Tweet this!]TranscriptClick here to Read and Download the Transcript for Episode 18Links and ResourcesJoe Lahore Investment ClubNorris Group WebsiteFast EvictionInterested in the Mastermind Group? Get information here.Other Items MentionedWe are going to announce the winners for the contests with Robert Fragoso and Ryan Skalla on Episode 19 of the podcast!  I can't wait! Is it you? Come back on Friday and find out! Our recent iTunes Charity Challenge raised $360 to help out families in need during the holidays! A big THANK YOU to everyone who participated.  You helped several family's have a hope-filled holiday season!Like what you hear?If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!Image Attribution: By barrett4wi [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia CommonsThe post HFHQ 18: The King of Appraisals – Rick Solis (Part 1) appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

This is part 2 of my interview with Vanessa Feil, my house flipping assistant.  If you haven't listened to Part 1, be sure to check it out first, as it will help bring clarity and context to what we discuss here.  Click here to listen.In this episode we discuss the importance of keeping a calendar when you run a house flipping business, Vanessa's day-to-day life in our business and also how to work with and motivate a house flipping assistant to become the best asset you could ever have.But best of all?  You get to be a fly on our wall as we do our actual 2014 goal setting for our business!  Find out the specific number goals we have for how many houses we'll buy and how much profit we'll bring in, and how we come up with the data.Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February!  If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/mastermindHave any questions for Vanessa or myself? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Show NotesIn this episode we cover:Effectively using a calendar system to maintain systems with a house flipping business to increase productivity and efficiencyA day in the life of Vanessa — what she does and how she worksWhy a problem can be a good thingSetting up hours with your assistant in the beginning of your relationshipMore tasks that you can have an assistant do for you such as writing letters and direct marketingWhy menial tasks in the beginning are best for your assistantHow to keep your assistant motivated and ensure unlimited growth potentialHow Justin learned about the importance of showing appreciation when your assistant does a great jobA “fly on the wall” look at Justin and Vanessa discussing their business goals for 2014Streamline relationships with agents and design teams in specific areasSpecific numbers for buying (i.e. get under contract) and net profit goalsMemorable Quotes“I don't expect you to remember everything — I certainly don't — but there are systems out there we can use to make sure we don't forget.” ~ Justin Williams“You can hold all those ideas in your head, but when you write them out it's much more efficient in utilizing those ideas.” ~ Vanessa Feil“There are a million ways to make a million dollars, but unless you focus on one of them you won't make anything.” ~ Justin Williams [Tweet this!]“We get paid for problems.” ~ Justin Williams [Tweet this!]“Many people say it's hard to find good help.  I think it's more about the way they manage that help.  [Tweet this!]  You try to find the right person, but then it's your job to manage and train them.” ~ Justin Williams [Tweet this!]“No matter the scale of the project, there is always a way to streamline it to make it efficient for everybody.” ~ Vanessa Feil [Tweet this!]TranscriptClick here to Read and Download the Transcript for Episode 17Links and ResourcesBlog Post: Putting Together a Plan and Systems to Help You Reach Your House Flipping Goals For the New Year!Interested in the Mastermind Group? Get information here.Other Items MentionedDue to illness and the holidays we are going to announce the winners for the contests with Robert Fragoso and Ryan Skalla next week. I can't wait! Is it you? Come back next week and find out! Also, tune in next week to learn the results and hear a special message about our recent iTunes Charity Challenge!Like what you hear?If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!The post HFHQ 17: Managing Your House Flipping Assistant with Vanessa Feil – Part 2 appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Click here to go to Part 2 of this interview!My assistant, Vanessa Feil, definitely helps my business run smoothly and I couldn't get so many things done without her invaluable help.  So, getting her on the podcast to share a bit of what she does to help my house flipping business run was something I knew you'd love to hear.  We discuss everything from how I found and hired her, what I initially paid her and the best ways to start working with an assistant.But then it gets really good and we go in to all of the tasks and responsibilities that she has within my company and how she has become an indispensable part of my team.  She describes our entire house flipping process from working with wholesalers, buying, financing and more!  And this is just Part 1!  We'll have Part 2 up in another 2 days so come back then, but in the meantime, be sure to get in on this amazing interview with my awesome assistant, Vanessa!Have any questions for Vanessa or myself?  Just post them in the comments area below!  And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Show NotesIn this episode we cover:How I met and hired Vanessa, including pay, compensation, training and responsibilitiesBasic things you can have an assistant do when you first hire themHow Vanessa grew in the business over timeThe number one thing I look for when I hire an assistant or employee: an ability to take and understand constructive criticismVanessa's transition into managing the trustee sale part of the businessThe importance of streamlining and setting up systems with your assistantWhat is was like when Vanessa took over the rehabbing process and initial challenges working with contractorsAnswers to a listener question related to the role of an assistantVanessa's current day-to-day responsibilities with our house flipping projects and how she keeps things organizedVanessa's process for buying properties using agents and wholesalers and expectations on how deals have to be brought to themThe importance (and challenges) of training the people who are a part of your deal acquisition funnelWhy Justin never wants Vanessa to ask him questions, and what she does insteadVanessa's entire process and systems for financing properties with private money lenders and hard money lendersThe checklist of processes that happen once the property is bought and is ready to be rehabbedMemorable Quotes“It is so important when hiring an assistant that, number one, you find someone who can take constructive criticism, and number two, that you are willing to give it.” ~ Justin Williams“Too many hands in the pot make things too confusing [Tweet this!] … the more that the contractor can handle and be responsible for, the smoother its going to go; for us and for them.” ~ Vanessa Feil“Don't expect your assistant to do all this at first. … Start with the basics.” ~ Justin Williams [Tweet this!]“One important key factor in organizing all of this is having your spreadsheets — its a bit part of how we streamline everything so it doesn't get overwhelming.”  ~ Vanessa Feil“The more information you get, the more you want to work with the property, or work with the person in general.” ~ Vanessa Feil [Tweet this!]“I don't know of any business where you can run an effective business without trusting people.” ~ Justin Williams [Tweet this!]TranscriptClick here to Read and Download the Transcript for Episode 16Tweet This!Links and ResourcesBlog Post: Putting Together a Plan and Systems to Help You Reach Your House Flipping Goals For the New Year!Interested in the Mastermind Group?  Get information here.Other Items MentionedDue to illness and the holidays we are going to announce the winners for the contests with Robert Fragoso and Ryan Skalla next week.  I can't wait!  Is it you?  Come back next week and find out! Like what you hear?If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!The post HFHQ 16: Hiring and Working with a House Flipping Assistant with Vanessa Feil appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

This is Part 2 of our wholesaling mini-seminar with Ginger Macias.  If you haven't had a chance to listen to part 1, be sure to head over there and chck it out. There are some real gems in that part of the interview.In today's conclusion Ginger discusses the rest of her 5 steps to wholesaling, with great details on analyzing deals, getting properties under contract, finding buyers and closing your deal.  Plus, she goes even farther by providing 7 “Pro-Tips” that will help you bring your wholesaling business even farther!Have any questions for Ginger or myself?  Just post them in the comments area below!  And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Show NotesIn this episode we cover:More of Ginger's five steps to wholesaling, and which two are the most crucial.Find the sellerWorking with (and making friends with) other wholesalers to get deals.The only two things you need to do to get a flow of deals (hint: neither of them involve lists!)Analyze the dealWhy this is the most essential skill for a wholesaler (or house flipper) to have.The primary goal is to find the ARV (After Repair Value) for a property.The number of sold properties with similar attributes (finding comps).The specific tools ginger uses to analyze deals.The three things you need to look for with properties: time, place and type.Why you should pay attention to price per square footThe percentages Ginger uses to figure out her offer price and ARVGet the contractHow to know your MAO (Maximum Allowable Offer)Ginger's method for submitting an offer to a seller and the terms she uses in her contract.The only contingency that Ginger puts on her contracts: inspection!Why you don't need to know how to fill out a form to make offers.Find the buyerWhy this is actually the first step, not the fourth step.The importance of networking and how to find buyers.The websites and social networks Ginger uses to find buyers.Ginger's online marketing systems to share your deals with buyers.The information you need to give buyers so that they can make decisions quickly.Close the dealHow to weed out the non-buyers from the buyers.How to do a simultaneous close.Mental blocks that stop most beginning wholesalers from getting to that first deal.Ginger's “Pro Tips” for wholesalingWork hard for your money — do your own homework, comps and due dilligenceNo daisy chains! — work with just one other wholesaler at a time.Don't get greedy — there is more than money in the deal.Make lots of friends — friends don't cheat each other.  It's all about relationships.Have a professional image — Show the best of yourself to othersListen to the needs of others — helping others will help yourselfContinue learning — never stop learning!Memorable Quotes“Do not get emotional about a deal.  Always run your deals through the numbers.” ~ Ginger Macias [Tweet this!]“Don't worry about the money.  Your job is to find properties.” ~ Ginger Macias [Tweet this!]“The more you do it, the better you'll get.  The first time I was analyzing deals it took me an hour or two hours … now it doesn't even take me 10 or 15 minutes.” ~ Ginger Macias“You want to be as easy to work with as possible.  If you're really easy-going agents will love you.” ~ Ginger Macias“Don't let the paperwork get in the way. Don't let the contract get in the way.  Just get your offer in front of sellers.” ~ Justin Williams“Work hard for your money” ~ Ginger Macias [Tweet this!]Links and ResourcesOCWholesalers.com (for buyers)RealEstateInsiders.co (for students)“Rich Dad, Poor Dad” by Robert Kiyosaki [affiliate link]realestatecashnetwork.comProbate lead companies on GoogleForeclosureforum.com – Ward Hanniganlistsource.comcraigslist.orgfeedly.comflipcomp.comProperty RadarGoogle Maps (maps.google.com)firsttuesday.us (California real estate forms)Bigger PocketsLinkedInFacebookAweberSimultaneous close (on Ginger's membership website)TranscriptClick here to Read and Download the Transcript for Episode 15Other Items MentionedDon't forget that you have just one more week to enter our marketing challenge contest with Ryan Skalla.  Post up your biggest marketing challenge and enter to win a chance for a free 20 minute coaching calll with Ryan and myself.  Click here for details.Win a private coaching call with Justin and Ryan!Our contest with Robert Fragoso is over and we will announce the winner of the VIP House Flipping networking event tickets next week!Like what you hear?If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this sh

Merry Christmas everyone! Today Santa is bringing you some serious house flipping knowledge in the form of Ginger “the Wholesaling Queen” Macias and her veritable mini-course on wholesaling.With all the information Ginger shares we had to break this interview up in to two episodes again.  (This is becoming a habit!)  In Part one Ginger shares how she got started in real estate investing and then gets really detailed with the first of her five steps to wholesaling: finding the seller.  If you want to know how a successful wholesaler finds deals, then you really have to hear this episode!On Friday we'll post up part 2, so be sure to check back here for that one!   And, if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Show NotesIn this episode we cover:Ginger's background and how she discovered real estate investing and went “all in” with her business, plus lessons learned from her early experiencesThe importance and examples of sticking with things and never giving up with House FlippingWhat is wholesaling? And why is it a great way to make money with zero capital or risk.Ginger's five steps to wholesaling, and which two are the most crucial.Find the sellerHow the state of the market determines the type of sellers you try to find.The importance of creating a website and online marketing.How, where and when to use bandit signs in today's market with the best results.Where and how to find probate lists, foreclosure lists and more.Ginger's approach to “driving for dollars”.How Ginger works with real estate agents to find deals.Ginger's step-by-step method to use Craigslist to find deals (and what to look out for!)TranscriptClick here to Read and Download the Transcript for Episode 14Memorable Quotes“Never give up” ~ Ginger Macias [Tweet this!]“Try not.  Do or do not. There is no try” ~ Yoda [Tweet this!]“80% of your success comes from your attitude” ~ Ginger Macias [Tweet this!]“The most dangerous of human traps, is the dungeon of comfort” ~ Robert Kiyosaki [Tweet this!]“As a wholesaler, your number one priority is to know your market, and to know your after repair value” ~ Ginger Macias [Tweet this!]Links and ResourcesOCWholesalers.com (for buyers)RealEstateInsiders.co (for students)“Rich Dad, Poor Dad” by Robert Kiyosaki [affiliate link]realestatecashnetwork.comProbate lead companies on GoogleForeclosureforum.com – Ward Hanniganlistsource.comcraigslist.orgfeedly.comflipcomp.comProperty RadarGoogle Maps (maps.google.com)firsttuesday.us (California real estate forms)Bigger PocketsLinkedInFacebookAweberSimultaneous close (on Ginger's membership website)Other Items MentionedDon't forget that you have just one more week to enter our marketing challenge contest with Ryan Skalla.  Post up your biggest marketing challenge and enter to win a chance for a free 20 minute coaching calll with Ryan and myself.  Click here for details.Win a private coaching call with Justin and Ryan!Our contest with Robert Fragoso is over and we will announce the winner of the VIP House Flipping networking event tickets next week!Like what you hear?If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!The post HFHQ 14: Part 1 – Ginger Macias Shares Her Wholesaling Process appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Discover the next evolution in your business with master of direct marketing, Ryan SkallaRyan Skalla is a direct marketing machine! In the last 10 years he went from leaving a job in software development and buying his first subject 2 property to creating a marketing funnel that has helped his house flipping business grow by 400% in the last 6 months. We cover so much in this interview that I had to break it in to two parts!Today is part 2, so if you haven't listened to part 1, be sure to check that out first.  Click here to listen.In this part of the interview Ryan shares more information about marketing and how we was able to increase his ad spend by 40% with complete confidence, his approach to lists and how he finds the best prospects, and what he spends 80% of his personal development time learning about (and it isn't real estate!).  Ryan really delivers and shares specific steps on how to discover the next evolution in your house flipping business.And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Show NotesIn this episode we cover:The three parts of marketingGeographic – locationDemographic – personPsychographic – typeWhy Ryan increased his ad spent by 40% without hesitationHow to know when your marketing is causing a reactionRyan's approach to lists to find the best prospectsLook for anomalies, commonalities and patternsWhat Ryan spends 80% of his professional time learning about and why he doesn't study about real estateThe value of effective copy writing and why it is a good idea to outsource this skill set.How Justin and Ryan are going to raise their professional relationship to the next levelWhy Direct Mail response rates are irrelevantThree steps to discovery the next step in your business evolutionTrackingFill the holesImprove and Scale your KPI'sMail, calls, offers, deals, average profitWin an a personal consultation with Ryan and Justin with their Marketing Challenge Competition.Write your biggest marketing challenge in the comments below, receive our feedback, and you will be entered to win!Win a private coaching call with Justin and Ryan!Memorable Quotes“Business … is about controlling your emotions” ~ Ryan Skalla [Tweet this!]“What gets measured gets improved … if you don't know your numbers how can you expect to improve them?” ~ Ryan Skalla [Tweet this!]“I don't care about the 99 who didn't respond.  I only care about the one that does.” ~ Ryan Skalla“Time and circumstance will change all seller's minds” ~ Ryan Skalla [Tweet this!]“In the beginning you are sort of gambling, you're trying to see what works, but now I have results so if I do this again, I'm going to make money again.” ~ Ryan Skalla“Nail it and scale it.” ~ Ryan Skalla [Tweet this!]Images and PhotosIn today's episode I mention that, even though I spent a “day off” from House Flipping, I was still able to connect with some realtors, a private money lender, and got a lead on a house to purchase.  All this while the rest of my business was still operating. The reason I share this is to let you know that you never know where opportunities and relationships will come from so always be open to sharing who you are and what you're doing with those you meet.Here are some pictures of my daughter and I when we went to purchase our truck.Justin and his daughter saying goodbye to their old DodgeJustin and his daughter buying a truckOther Items Mentioned“STARTING or Taking Your Business to the NEXT Level!”Also, don't forget to enter the contest that Robert Fragoso and I have running until Saturday, December 21, 2013.Some more details … Robert and I are putting together an amazing opportunity for you to meet and discuss real estate investing with some of the top people in the game. Here's what you have to do:In the comments section of Robert's podcast show notes page, write down something specific you will do in the next week to either get your house flipping business started or to take it to the next level. It should be specific, measurable, and actionable.Until Saturday, December 21, 2013, Robert and I will review your entries, provide some feedback/suggestions, to make sure you are on the right track and then pick one of you to join us at an amazing networking event in the private Hyde Lounge at an upcoming Clippers basketball game.Don't over complicate it. The winner will be chosen based on the simplicity of their actionable item and how it will directly help them either begin or improve their business. Oh and you have to actually do what you say you are going to do TranscriptClick here to Read and Download the Transcript for Episode 13Like what you hear?If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in

Discover the next evolution in your business with master marketer, Ryan SkallaRyan Skalla is a marketing machine!  In the last 10 years he went from leaving a job in software development and buying his first subject 2 property to creating a marketing funnel that has helped his house flipping business grow by 400% in the last 6 months.  We cover so much in this interview that I had to break it in to two parts!Today in part 1 of this interview we cover Ryan's amazingly detailed approach to marketing and how he's brought his analytical skills from software to enhance his real estate investing business.  Learn how he approaches his marketing systems to focus his energy and time so he can bring about the greatest results to super-charge his house flipping machine!And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Show NotesIn this episode we cover:Ryan's history and background from Software to Real EstateHow Ryan was able to use the power of vision to create an amazing breakthrough in his businessThe power of analysis and how it transformed Ryan's direct marketing effortsThe 5 important Key Performance Indicators (KPI's) in Ryan's house flipping businessMailCallsOffersDealsAverage ProfitRyan's implementation of the 80/20 ruleWhy Ryan doesn't care about a seller's motivationThe problem most direct marketing materials suffer from and how you can change your approachWhere beginners can start with direct marketingWhy mailing to general absentee lists is a waste of time and moneyThe 3 legged bar stool of direct marketing and what each leg does for you.MessageMediaMarketResources and Links MentionedRich Dad, Poor Dad by Robert Kiyosaki (Affiliate Link)Memorable Quotes“You can fail 90% of the time and still have more successes than failures” ~ Justin Williams“Fall down eight, stand up nine” ~ Ryan Skalla [Tweet this!]“My goal is to make my wholesalers make as much money as possible” ~ Justin Williams“A lot of my business is based on things that I don't want to do” ~ Ryan Skalla [Tweet this!]“Discover the next evolution in your business” ~ Ryan Skalla [Tweet this!]“How much mail did you send, how many calls did that mail generate, out of those calls how many were worth making offers on, and out of those offers how many deals did you get?  Multiply the deals by your average profit and there is your ROI” ~ Ryan Skalla“Real estate is the best opportunity that I've found to apply my skills and make the most money” ~ Ryan Skalla“Making offers is like playing the lottery for free” ~ Ryan Skalla [Tweet this!]“You will only attract to the extent that you're willing to repel” ~ Ryan Skalla [Tweet this!]“People only trade equity for peace of mind” ~ Ryan Skalla [Tweet this!]Other Items MentionedThe First EVER House Flipping HQ COMPETITION!!!  “STARTING or Taking Your Business to the NEXT Level!”Also, don't forget to enter the contest that Robert Fragoso and I have running until Saturday, December 21, 2013.Some more details …  Robert and I are putting together an amazing opportunity for you to meet and discuss real estate investing with some of the top people in the game.  Here's what you have to do:In the comments section of Robert's podcast show notes page, write down something specific you will do in the next week to either get your house flipping business started or to take it to the next level.  It should be specific, measurable, and actionable.Until Saturday, December 21, 2013, Robert and I will review your entries, provide some feedback/suggestions, to make sure you are on the right track and then pick one of you to join us at an amazing networking event in the private Hyde Lounge at an upcoming Clippers basketball game.Don't over complicate it.  The winner will be chosen based on the simplicity of their actionable item and how it will directly help them either begin or improve their business.  Oh and you have to actually do what you say you are going to do TranscriptClick here to Read and Download the Transcript for Episode 12Help out a Family this Holiday Season!Justin's iTunes charity challenge!  We have just a day or two until this charity challenge ends on December 20, 2013 and we only need 4 more ratings and reviews to meet our goal!Your iTunes ratings and reviews can help a family in need this holiday season.  Plus you get a great free gift and amazing resources that Justin uses in his own business. Subscribe, rate and review the podcast and then e-mail me at [email protected] with your iTunes name!Like what you hear?If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a

How to streamline your house flipping business, get your deals funded and Robert's market predictions for 2014!Robert Fragoso, a hard money lender with Anchor Loans in Southern California, has been in this business for over 20 years, has overseen loans totaling over $1.6 Billion (yes, Billion, with a “B”), and from the more than 5,000 deals he analyzes each year, has his hands in more than 1,500 transactions — per year!.  Not only that but this guy is a Master Networker and all around great guy.Today he provides some incredible insights on the real estate investing business.  From how money lenders analyze your deals, to the importance of networking in developing your business, Robert goes in to some amazing detail in this, the longest podcast we've ever produced.  He even provides some great predictions on where the market will go in 2014.We discuss just about everything you can imagine, and if you've ever wanted to hear a conversation on some high-level investing topics, or just want to get an understanding of how a beginner house flipper can approach a lender, then this is something you need to listen to.And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Show NotesIn this episode we cover:Robert's background in real estate investing and how he developed his business to over $1.6 billion in loans.Keys to hiring and where you can find the best people to learn your systemsRobert's number one goal with his businessHow to work with and qualify contractorsDo's and Don'ts of evaluating properties and how to analyze dealsThe importance of networking, including a recent networking event of Robert's which Justin attendedEffective things to do when attending a networking eventStrategies and practices of a hard money lenderThe first things you should do when you find a dealIn L.A. 38% of all deals are cash deals.  Nationwide it is 58%.The #1 trigger word you should never use with lendersThe three things you absolutely should do when evaluating a hard money lenderRobert's number one pet peeve when it comes to writing offersThe things Robert looks for when new house flippers come to him with a dealThe one thing most beginners grossly underestimate with their dealsWhat Robert can offer to house flippers — from 100% financing, gap lending and even running the rehabRobert's analysis of today's Market and where he sees it going in 2014The best time to buy a propertyThe affect of the Affordable Health Care Act on the real estate market and what is means for borrowersFirst EVER House Flipping HQ COMPETITION!!!  “STARTING or Taking Your Business to the NEXT Level!” Some more details …  Robert and I are putting together an amazing opportunity for you to meet and discuss real estate investing with some of the top people in the game.  Here's what you have to do:In the comments section below, write down something specific you will do in the next week to either get your house flipping business started or to take it to the next level.  It should be specific, measurable, and actionable.Over the next week Robert and I will review your entries, provide some feedback/suggestions, to make sure you are on the right track and at the end of the week we will pick one of you to join us at an amazing networking event in the private Hyde Lounge at an upcoming Clippers basketball game.Don't over complicate it.  The winner will be chosen based on the simplicity of their actionable item and how it will directly help them either begin or improve their business.  Oh and you have to actually do what you say you are going to do Help out a Family this Holiday Season!Justin's iTunes charity challenge!  Your iTunes ratings and reviews can help a family in need this holiday season.  Plus you get a great free gift and amazing resources that Justin uses in his own business. Subscribe, rate and review the podcast and then e-mail me at [email protected] with your iTunes name!Resources and Links MentionedAnchor LoansRobert's Facebook pageA Gilded Life (Robert's wife's website)House Flipping HQ's Forms ToolkitHFHQ Podcast Episode 5 with Kristi Cirtwill and Evan YoungerHyde Lounge at the Staples CenterThe Department of NumbersMemorable Quotes“The people you do a lot of business with you also have to get along with” ~ Robert Fragoso [Tweet this!]“The systems that you use when you're buying 1 house a year vs. 100's of houses a year are completely different.” ~ Robert Fragoso“The point where you're getting too busy, it's too late — you've already lost efficiency” ~ Robert Fragoso“We qualify our contractors much like we qualify our borrowers” ~ Robert Fragoso“You have to realize that in this business you're either a deal guy or a business guy” ~ Robert Fragoso [Tweet this!]“If this is your business, just like any other business, you have to invest in the tools of that

Brian Daly and Patrick Clark are “The REIG Renovators”In this episode of the House Flipping HQ Podcast, Patrick Clark and Brian Daly share their beginnings in real estate investing and how they built a successful business, starting out as wholesalers and creating a house flipping business at break-neck speeds.They give useful information on what they did, and what you can do, to follow your vision and follow through on your dreams.Like what you hear? Click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Show NotesIn this episode we cover:Patrick and Brian's beginnings with real estate investingKeys to the success of their business, including …The importance of “buying into your vision” and following through, both for yourself and for those in your life.Getting out of your comfort zone and meeting like-minded, successful people who also have inner drivePatrick and Brian's 10 pillars of generating business for real estate investorsNetworkingRelationshipsFlyersAdwordsDirect MailEventsEmail newslettersSignsSocial MediaLeverating relationshipsWays to scrub the MLS to get dealsThe importance of developing relationships and the best ways to find the right people to meet and networkImportance of making partnerships or joint ventures with people who know the market well if you are new to real estate investing.Advantages and methods for every-door direct marketingThe importance of watching your numbersInsights on how to get your deals financed.Patrick and Brian's methods to finance all of their dealsManaging and developing a system for the rehab processREIG's donations to Wounded Warrior HomesOther topics covered:Justin's iTunes charity challenge!  Your iTunes ratings and reviews can help a family in need this holiday season.  Plus you get a great free gift and amazing resources that Justin uses in his own business. Subscribe, rate and review the podcast and then e-mail me at [email protected] with your iTunes name!We've been asked to do some coaching or a possible mastermind group for new house flippers and I'd like to see what the interest level is.  Leave a comment below if this is something you think you'd be interested in.  Check the end of the episode to hear me discuss it in more detail.Resources and Links MentionedREIG Group websiteREIG Group facebook pageUSPS – Every Door Direct MailWounded Warrior HomesInterview with Tony AlvarezInterview with Tucker MerrihewZillow.comMemorable Quotes“A lot of people go out there to these investment club meetings and spend all this time and money but never actually go out there and make action on it, and i can see how that would be frustrating from the significant other's point of view.  We immediate went out there, made action, and started making things happen, and that got them to buy in very quickly” ~ Brian Daly“You've got to go out there and talk to people.  Find out what they're doing.  People love talking about what they're doing.  The people who do it well have pride in what they do.” ~ Brian Daly“One of my favorite quotes, and I'm probably botching this, but Jerry Rice said, ‘I do today what others won't, so that tomorrow I do what they can't‘.  (Tweet Jerry Rice's Quote!) You know it takes going out of your comfort zone, putting yourself around people that you're not used to is what's going to create that change.” ~ Patrick Clark“If you want to be a millionaire, go hang out with millionaires.  (Tweet This!)  You're not going to do it hanging out with your buddies at the bar drinking.  … If you hang out with the people who are doing what you want to do, you'll start to do what they do.”~ Patrick Clark“It's not about competition, because there is plenty to go around out there.  You just have to know the right areas to look.”~ Patrick Clark“That's the beauty and the thing I love about this industry.  People are willing to share in their success.  You don't have to go through the traditional routes of education.  It's just a matter of getting off your behind and go and do it.”~ Patrick Clark“Don't focus on ‘what am I going to say to get this deal?'.  Focus on ‘what am I going to say that separates me from the other 10 investors that are calling this agent?'.” “You won't last long in this industry if purely greed and money are your focuses.  It should be more about doing the right thing.  (Tweet this!)  It's an opportunity to revitalize some run-down houses out there, but also have an impact on the people that are around you — your teams and your community.” ~ Patrick Clark“If you do a good job [with the rehab] the house will sell itself.” “If you focus on doing the right thing, the money will come.” (Tweet this!) ~ Patrick ClarkTranscriptClick here to Read and Download the Transcript for Episode 10Like what you hear?If you’ve found any value or helpful

Danny Johnson the Flipping JunkieDanny Johnson, the “Flipping Junkie”, shares his insights on marketing and wholesaling properties.  With an amazing online funnel he is able to generate leads through his website and also provide an amazing resource for people who want to learn about house flipping online. Like what you hear? Click here to subscribe in iTunes. And while you're there, why not leave us a review and five-star rating? Show notesIn this episode we cover:Danny Johnson's beginnings as a real estate investor and house flipperTechniques for better wholesaling and house flippingMethods for better deal acquisitionHow to get the right mindset for flipping housesThe most important things to spend your time on with house flippingThe importance of goal setting as an investorWays to get a house under contractMethods for evaluating dealsThe right way to market to direct sellersSubscribe, rate and review the podcast for your free gift! and then e-mail me at [email protected] with your iTunes name so I can send it over!Resources and Links Mentioned:Flipping Junkie (Danny's site about house flipping)Danny Buys Houses (Danny Johnson's lead generation websiteSEO Made Simple (Third Edition): Strategies for Dominating the World's Largest Search Engine (affiliate link)Memorable Quotes“People get cold feet and they don't realize that it's an investment.  … It builds over time.  What you do now affects what you do 3 months down the line.  Not next week.  Not tomorrow.” ~ Danny Johnson“If you aren't sick enough of where you are, what you're doing and what your life is looking like, then you don't have a big enough reason to get out of your comfort zone.” ~ Danny Johnson“Spend your time on the 20% of the things that get 80% of the results.” ~ Danny Johnson [tweet this!]TranscriptClick Here to Read and Download the Transcript for Episode 9Like what you hear?If you've found any value or helpful information in the House Flipping HQ Podcast, we'd love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it's contents, please post them in the comments area below and I'll be happy to answer them!The post HFHQ 09: Danny Johnson on Marketing and Wholesaling appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Today on the House Flipping HQ Podcast I share some never-before-discussed details about my background and how I came to be involved in real estate investing.  From childhood entrepreneurship to college football to house flipping, I even share all of the details of how I currently run my House Flipping Machine so that it practically runs itself.I wanted to share a bit about myself so that you get an even more complete picture of how someone can get involved in real estate, build a house flipping business and develop the systems necessary to take it to the next level.  Hopefully this will give some of you ideas on how you can go out and do it for yourself, or at least let you know that you don't have to be born with any special real estate genes to make it in this business.Like what you hear? Click here to subscribe in iTunes. And while you're there, why not leave us a review and five-star rating? Show notesIn this episode we cover:My childhood moving around from Idaho to CaliforniaExperiences with sports and playing college footballMy first business venture and how I was able to salvage it from a bad partner and over $100k in debt in just 1 yearMy introduction to real estate and how I developed my house flipping business from the beginning to nowThe steps you need to take to get started and maintain a living as a house flipperA special link to some of the best downloadable reports I've ever put together on …Buying methodsDeal analysis techniquesProperty review criteriaTrustee sale secretsRehab pricing listMy property checklistEvery detail of how I run  my house flipping business.  It's a real brain dump with all the things I am doing right now to keep my house flipping machine running, including details on how we do …BuyingFinancingRehabbingSellingSubscribe, rate and review the podcast for a free video gift! and then e-mail me at [email protected] with your iTunes name so I can send it over!Resources and Links Mentioned:A toolkit of house flipping reports and resources for FREETranscriptClick here to Read and Download the Transcript for Episode 8Memorable Quote“If you can't get bank financing, don't feel like you can't get financing.” ~ Justin WilliamsLike what you hear?If you've found any value or helpful information in the House Flipping HQ Podcast, we'd love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and ratingIf you have any questions or comments about this show or it's contents, please post them in the comments area below and I'll be happy to answer them!The post HFHQ 08: The Life and Times of a Professional House Flipper appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Today on the House Flipping HQ Podcast we talk to Tony Alvarez, the “Outspoken Investor” and “REO Mentor” who has a lifetime of experience and understanding in the world of real estate investing.Today he shares his incredible story and the methods he's used to come back from amazing challenges to incredible success.  Specifically he shares the importance of building relationships and his three steps for accomplishing anything. The information he shares in this episode can help you create the mindset for an amazing life of abundance so I really urge you to pay close attention.  Listen to this one a couple times and take some notes!  It's that good!And be sure to listen to the end where I share a special offer for a FREE copy of my recent presentation at the San Diego Investment Club on how to create your own House Flipping Machine. Like what you hear? Click here to subscribe in iTunes. And while you're there, why not leave us a review and five-star rating? Show notesIn this episode we cover:Tony Alvarez's amazing story and  journey with real estateTony's business today and working with his assistant, SabrinaA day in the life of Tony Alvarez and his businessTony's methodology and approach to businessThe importance and mindset of building relationshipsTony's three steps for accomplishing anythingStep 1: Decide what you want to do and why – be specific.Step 2: Pick a target market and know it better than anyone else.Step 3: Load your GPS:  Goal, Plan and SystemsWhat can someone who is new to House Flipping do?  What is their GPS?Learn by being an agent.  Get educated.Your first goal should be to find a deal and “buy” a house.  This means learning how to identify value.Pick a specific market/area to learn how to identify value, then expand from there.The importance of investing some time in understanding your mind and the nature of fear.Subscribe, rate and review the podcast for your free gift! and then e-mail me at [email protected] with your iTunes name so I can send it over!Resources and Links Mentioned:Bruce Norris and The Norris GroupInvestors WorkshopsEpisode 2 with Doug Van SoestCalculating value and the [email protected]'s Facebook PageMemorable Quotes“Real Estate is a business [for] anyone …”  ~ Tony Alvarez“You're not competing with anyone else.” ~ Tony Alvarez“I would talk as if I was the wealthiest man in the world, because in my mind I was. … Your mindset is so powerful.” ~ Justin Williams“I don't complicate anything.  I do the opposite.” ~ Tony Alvarez“I break this business down in to two parts: … performance [of techniques] … and relationship building.  … and building relationships will out-perform performance every time.” ~ Tony Alvarez“I had to become the person who is just one notch below the most loving people in that person's life.” ~ Tony Alvarez“You need to learn how to identify value.” ~ Tony Alvarez“This business is about people and houses [and] solving problems.” ~ Tony Alvarez“Physical fears are valid.  Psychological fears are nonsense — they're fake. .. go in the direction of those fears because of what they teach you.” ~ Tony Alvarez“You have to go forward … because you raise the level for everyone else as well.” ~ Tony AlvarezTranscriptClick here to Read and Download the Transcript for Episode 7Like what you hear?If you've found any value or helpful information in the House Flipping HQ Podcast, we'd love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and ratingIf you have any questions or comments about this show or it's contents, please post them in the comments area below and I'll be happy to answer them!The post HFHQ 07: Tony Alvarez and the Relationship Building Mindset appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Today the House Flipping HQ Podcast is joined by Tucker Merrihew, a house flipper from Portland, Oregon who is really dominating in his market.  Tucker shares some major tips and inside information on how he runs his business.  He really lays it all out with information on marketing to direct sellers, rehabbing properties and much more.  This interview is gold so I hope you find a lot of value with Tucker's amazing information.Like what you hear? Click here to subscribe in iTunes. And while you're there, why not leave us a review and five-star rating? Show notesIn this episode we cover:How Tucker got started in Real Estate Investing and house flippingThe pieces and people in Tucker's business organizationTucker's amazing productivity and progress methodsMethods for marketing and reaching out to direct sellersFinding probate sale opportunities and how to approach sellersNetworking with attorneysWhy building from scratch can be preferable to rehabbing.Tying up the dealsTucker's approach to wholesalingTucker's method to find and build housesThe Portland real estate market“Driving for dollars”Resources and Links Mentioned:http://www.zoho.com/TTMCash.comTTMDevelopmentCompany.comFacebook.com/TuckerMerrihewTTM's Facebook pageMemorable Quotes“Don't cowboy it.  Plan it out and make sure you got the right team members involved to get in to that game … ”  ~ Tucker Merrihew“If you're going to get in to the high end market make sure you make a really quality product and spend some money on design.” ~ Tucker Merrihew“Find the house and partner with someone like me in your market, and learn it, learn how they do it, and then you can just rinse and repeat and do it yourself.” ~ Tucker Merrihew“Momentum is the biggest key.  If you start doing something … just keep doing it.  Don't do just one and stop.   … Keep your momentum going and when you get a deal in … you can build on that momentum.  … Once it gets rolling just keep it going.” ~ Evan YoungerTranscriptClick here to Read and Download the Transcript for Episode 6 Like what you hear?If you've found any value or helpful information in the House Flipping HQ Podcast, we'd love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and ratingIf you have any questions or comments about this show or it's contents, please post them in the comments area below and I'll be happy to answer them!The post HFHQ 06: Tucker Merrihew and his Portland House Flipping Machine appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

In this episode of the House Flipping HQ Podcast, Kirsti Cirtwill and Evan Younger share how they got started in House Flipping, including how they first financed their properties.  They provide great advice for new real estate investors on how to learn to evaluate the cost of rehabs and their tips for making sure your properties shine above others on the market when it is time to sell.Like what you hear?  Click here to subscribe in iTunes.  And while you're there, why not leave us a review and five-star rating? Show notesIn this episode we cover:How Kristi and Evan met and got started in House FlippingTheir method for financing propertiesStarting with hard money lenders when you first start outWhat is private money and who are private money lenders?How to approach rehabbing a property?The time and effort it takes to learn to evaluate the cost of repairsSelling properties and creating a relationship with an agentPreparing a property to shine in the marketA day in the life of Kristi and EvanAdvice for those getting started in House FlippingResources and Links Mentioned:Larry and Janet's REICComing up with an offer on a houseCirtwill Investment's Facebook PageLeave a review and rating for the House Flipping HQ PodcastTranscriptClick here to Read and Download the Transcript for Episode 5Memorable Quotes“If you have a good deal, it's pretty easy to find the money”  ~ Evan Younger“Don't get distracted by the dangling carrots.  Stick with your business model” ~ Kristi Cirtwill“You just have to believe in yourself” ~ Evan Younger“Don't be a seminar junkie … you've got to make offers.  That is what is going to cause you to learn the business.” ~ Justin Williams“At the end of the day, you just have to take some action” ~ Evan YoungerLike what you hear?If you've found any value or helpful information in the House Flipping HQ Podcast, we'd love to hear about it!  Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and ratingIf you have any questions or comments about this show or it's contents, please post them in the comments area below and I'll be happy to answer them! The post HFHQ 05: Kristi Cirtwill and Evan Younger appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

In this episode of the House Flipping HQ Podcast we speak with Darrell Kucan and Imran Clark, Ph.D., two real estate investors from San Diego who specialize in short sales and, more recently, subject 2 deals.  They have also recently taken over the well known and highly respected San Diego Investment Club (SDIC).  Today they dive in to the details on how they got started house flipping and share secrets to their success.Like what you hear?  Click here to subscribe in iTunes.  And while you're there, why not leave us a review and rating? Show notesIn this episode we cover:Who are Darrell Kucan and Imran Clark, Ph.D.?Darrell and Imran's early experience with House FlippingStruggles, challenges and how hard work can make it all worthwhile.What are short sales and how can you use them to buy houses?What are subject 2's and why are they important?Why and how to start or maintain a Real Estate Investment Club?How to find a REIC?  How to make sure it is legitimate and worthwhile?How to find a short sale or subject 2 deal?Resources and Links Mentioned:Kucan and Clark Website: http://www.kucanandclark.com/SDIC on Facebook: https://www.facebook.com/sandiegoinvestmentclubSDIC on Twitter: https://twitter.com/investclub4sdSDIC on Youtube: http://www.youtube.com/user/SanDiegoInvestClub?feature=mheeSDIC Meetups: http://www.meetup.com/FIBI-San-Diego-Investment-Club/House Flipping Case Study from Kucan and ClarkChase Bank Short Sale FAQ: https://www.chase.com/chf/mortgage/hrm_otheraltBank of America Short Sale Programs: http://homeloanhelp.bankofamerica.com/en/short-sale.htmlTranscriptClick here to Read and Download the Transcript for Episode 4Memorable Quote“Mindset is huge.  Personal Development … a lot of our success is because we took action, we never gave up and we overcame obstacles, but what allowed [us] … to overcome those obstacles … was the personal development we'd gone through.” ~ Darrell Kucan“Take massive action [and] don't let anybody tell you that you can't. Including yourself.” ~ Kucan and ClarkLike what you hear?If you've found any value or helpful information in the House Flipping HQ Podcast, we'd love to hear about it!  Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and ratingIf you have any questions or comments about this show or it's contents, please post them in the comments area below and I'll be happy to answer them!The post HFHQ 04: Darrell Kucan and Imran Clark Discuss Short Sales and REIC's appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

In this episode of the House Flipping HQ Podcast we are joined by Roger Faulkner, Brian Kendrick and Dustin Trotter from RBD Ventures in San Diego.  RBD has made a name for themselves with amazing growth in the house flipping industry.  We discuss their phenomenal growth, how they got started in house flipping, and dig in to the nuts and bolts of how they run their business.Like what you hear?  Click here to subscribe in iTunes.  And while you're there, why not leave us a review and rating? Show notesIn this episode we cover:How RBD Flipped so many houses in such a short timeRBD's entry in to the house flipping businessHow to deal with multiple partners in a real estate investing businessThe difference between private money lending and RBD's fund system.How RBD runs their rehab machineA typical day for RBD VenturesHow RBD buys housesthe Fastest way for people to get started buying housesRBD's advice for first-time house flippersResources and Links Mentioned:RBD Investment Fund: rbdinvestmentfund.comRBD Ventures: rbdventures.comRBD on Youtube: youtube.com/rbdventuresRBD on Facebook: facebook.com/rbdventuresWorking with Real Estate Agents to make offers on houses!TranscriptClick here to Read and Download the Transcript for Episode 3Memorable Quotes“Your first house will be harder than your next ten.  And your next ten will be harder than your next one hundred.”  ~ Justin Williams“There really is no secret.  You go out there, you buy houses, you fix 'em and sell 'em.  You work really hard and you do a good job.” ~ RBD VenturesLike what you hear?If you've found any value or helpful information in the House Flipping HQ Podcast, we'd love to hear about it!  Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and ratingIf you have any questions or comments about this show or it's contents, please post them in the comments area below and I'll be happy to answer them!The post HFHQ 03: Roger Faulkner, Brian Kendrick and Dustin Trotter from RBD Ventures appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

In this episode of the House Flipping Podcast I talk with Doug Van Soest, a professional house flipper, real estate investor and good friend.  We discuss Doug's history and how he got started flipping houses, as well as details on how to analyze a deal to ensure a profitable return.Like what you hear?  Click here to subscribe in iTunes.  And while you're there, why not leave us a review and rating? Show notesIn this episode we cover:Who is Doug Van Soest?Doug's start in real estate investing and house flippingHow to analyze a deal to ensure a profitCommon mistakes for people starting out in house flippingThe importance of the MLS (Multiple Listing Service) and becoming a real estate agentEstimate repairs to get your ARV (After Repair Value)Doug's universal formula for buying a houseAdvice for first-time real estate investorsResources and Links Mentioned:Doug's website: http://freedomrealestatesolutions.comDoug's Facebook page: http://facebook.com/dougvansoestTranscriptClick here to Read and Download the Transcript for Episode 2Memorable Quote“Take massive action, and believe that its going to work!” ~ Doug Van SoestLike what you hear?If you've found any value or helpful information in the House Flipping HQ Podcast, we'd love to hear about it!  Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and ratingIf you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!The post HFHQ 02: Doug Van Soest on Deal Analysis for House Flipping appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Welcome to the first episode of the House Flipping Podcast with Justin Williams!  In this inaugural episode we introduce the reasons for starting this podcast and a bit about my background as a house flipper and real estate investor.Like what you hear?  Click here to subscribe in iTunes.  And while you're there, why not leave us a review and rating? Show notesIn this episode we cover:Who is Justin Williams?How did Justin get started with House Flipping?Why is Justin giving away this valuable information for free?What are the goals of this podcast and House Flipping HQ?Resources and Links Mentioned:http://houseflippinghq.comTranscriptClick here to Read and Download the Transcript for Episode 1Like what you hear?If you've found any value or helpful information in the House Flipping HQ Podcast, we'd love to hear about it!  Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and ratingIf you have any questions or comments about this show or it's contents, please post them in the comments area below and I'll be happy to answer them!The post HFHQ 01: Welcome to the House Flipping Podcast with Justin Williams! appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.