HFHQ 23: Long Distance House Flipping – Marty Boardman (Part 2)

This is Part 2 of our interview with Marty Boardman.  If you missed it,  click here for Part 1 of this interview

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 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 Notes

In this episode we cover:

• Federal regulations related to house flippers and private money lenders
• Where Marty finds his private money lenders
• Marty's experience with and strategies for working with contractors
• Why Marty spends most of his time on the acquisition process
• The importance of having mentors and people who can guide your development
• How Marty sells his properties
• The pros and cons of having a real estate license
• Marty's approach to the business of being a real estate investor
• Plus, 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!]

Transcript

Click here to Read and Download the Transcript for Episode 23

Links and Resources

• Fixing and Flipping Real Estate: Strategies for the Post-Boom Era (Affiliate Link)
• Pro Teck Valuation Services

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/mastermind

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!

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