HFHQ 28: Behind the Scenes of a Coaching Call with Steven Williams

Steven and Erin Williams

Today we are visited by my brother, Steven Williams who I've been mentoring with his house flipping business.  This is a “fly on the wall” look at a coaching call where we're talking about his approach during the first couple weeks of his real estate investing journey.  We talk about how to approach his deals, we analyze some properties he's looking at and review first steps Steven can take to “fail forward fast” and make progress.

Have any questions for Steven 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?

Win 1,000 Yellow Letters!

Our yellow letter contest is still going strong!  Answer the question “This is why I became a real estate investor” or “This is why I want to become a real estate investor” in the comments for episode 27 and Michael Quarles from yellowletters.com will give 1,000 Yellow Letters to the person with the best answer. The winner will be decided at the end of Tuesday, February 18, 2014. The best answer will be the one where Michael can really “taste” your hunger to improve their life through real estate investing.

And for anyone who leaves a comment Michael will also give you free business cards to help your business!

Click here to enter!

Show Notes

In this episode we cover:

• Steven's background and journey before getting started with real estate
• Steven's current plan to grow his house flipping business by taking massive action
• The actions and approaches that Steven has made since going “full time” with real estate investing
• Justin's suggestions on how Steven can approach the first batch of potential properties
• An analysis of the first house Steven is looking at and some possible options
• The importance of helping your real estate agent understand the reasons behind your offers
• How to seek out comps and what to look for to determine your ARV
• A look at the costs associated with buying and selling properties

Tweetable Quotes

Click a quote to tweet it!

• “The more uncomfortable you are, the more money you make” ~ Steven Williams
• “Most agents don't understand After Repair Value at all” ~ Justin Williams
• “Call them all, build relationships and find the value” ~ Justin Williams
• “Joining the offer club is a big step” ~ Justin Williams

Transcript

Click here to Read and Download the Transcript for Episode 28

Links and Resources

• Zillow.com
• Steven's Email: stevew2003@gmail.com

See me live in Irvine, CA!

I will be speaking at the Orange County Real Estate Forum in Irvine, California, this Wednesday, February 12, 2014 at 7:00 PM. I hope to see you there! Visit www.ocreforum.com for more information.

Join the Mastermind Webinar!

Plus, don't forget we will have another House Flipping Webinar on Thursday, February 13, 2014. Click on this link to sign up! houseflippinghq.com/webinar.

Rap Lyrics

Here are the lyrics for the intro rap from today's episode:

It’s a one for the money, and the show is two
three to get ready with house flipping hq

Don’t call it a comeback, or he’ll mash you up
He’s been flipping these houses like a spatula
All across the southland, and now in to your head
HFHQ is on the inter web
You think you know how to flip from watching DIY?
You better self correct because he’s a heck of a guy
J to the U to the S to the T I N
Listen close cuz I won’t say it again
Get your dose of the flip and you’ll come back in time
from the blog to the pod to the mastermind
it’s your one stop shop to drop the flipping bomb.
House Flipping HQ dot com!

Give Mark a shout-out in the show notes!

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: See page for author [Public domain], via Wikimedia Commons

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