The Newest Iteration of This Garbage Is David With Two Eyes

Bigger pockets just launched enrolment for five real estate investing boot camps. Last minute seats are limited, and enrolment closes at the end of august. Learn more, choose your course and sign up at bigger pockets dot com slash classes.

Play episode from 57:55

chevron_right

Transcript

chevron_right

Transcript

Episode notes

House flipping is a very potent form of investing. After just one fix and flip, many investors find themselves hooked, leaving their stable jobs for the profit (and rush) or finishing another flip. This happened quickly to Jason Pritchard, flipper and rental property investor in central California. Jason was working at a sales job he hated and after watching one of the many famous HGTV flipping shows, thought, “Hey, I could do that!”

He gave it a try, using his life savings and retirement funds available to him. It was a success, so he decided to scale up. One flip grew to a few, and now, Jason's team does over seventy-five flips and wholesale deals per year! This incredible volume didn’t happen overnight—it took Jason seven years to go from W2 worker to one of the best flippers in the state! And it’s not just flipping Jason is after. He’s been able to grow a massive rental property portfolio, some eighty-three units, at the same time!

You’re probably wondering how Jason did this so fast. Worry not, as he details every step from how he finds leads, builds a team, pays the taxman, and even compensates employees. If you’re trying to get your foot into the flipping door, Jason’s story should inspire you to do almost exactly what he did.

In This Episode We Cover

Using the skills from your job and translating them to make real estate riches

Building a business and the most important step most flippers/wholesalers skip

Funding your flips and why paying taxes might be a good thing when it comes to financing

How to find employees that will grow with your business, even if you feel like you “can’t” hire just yet

Private money lenders and using them to scale your business even bigger

And So Much More!

Links from the Show

BiggerPockets Youtube Channel

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Bookstore