BiggerPockets Real Estate Podcast 181: Finding Deals & Scaling in a Competitive Market with Lauren Hardy
Let’s be honest: It can be tough to find a great deal in today’s competitive real estate market. If you find yourself in that situation, you are going to love today’s show! Today we hear from Lauren Hardy, a house flipper and wholesaler in the highly competitive Southern California market who overcame a rough beginning to scale her business to several deals a month. You’ll love Lauren’s honesty about quitting her job too early and her straightforward approach to finding deals, evaluating a market, and creating systems that allow her to work and live a full life. And grab some scratch paper — this is definitely one show you are going to want to take some notes on!
In This Episode We Cover:
- What to do when you hail from an expensive location
- How Lauren got started in real estate
- Her very first deal
- Why she loves condos
- Things to consider when investing in condos
- How she quit her job — and failed
- How she spent $25,000 — and got no deals
- Lauren’s tweaks to her direct mail marketing
- How she scaled to 2 to 3 deals a month
- How Lauren’s business works
- How she uses Podio to make her processes easier
- How she estimates rehab costs
- What exactly cash for keys is
- Flipping shows vs. flipping in real life
- How she funds her deals with hard money and private money lenders
- Where is she going with her business
- How many hours she works in a week
- And SO much more!
Links from the Show
Books Mentioned in this Show
- Rich Dad Poor Dad by Robert Kiyosaki
- Tax Strategies for the Savvy Real Estate Investor by Amanda Han
- Building Wealth One House at a Time, Updated and Expanded by John Schaub
- The Compound Effect by Darren Hardy
- The Entrepreneur Roller Coaster by Darren Hardy
Tweetable Topics:
- “I love what I do, so it doesn’t feel like work.” (Tweet This!)
Connect with Lauren
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