7 Figure Flipping HFHQ 82: Why I’ve Decided to Buy Less Houses
Listen to This Episode
For the past couple months, up until about two weeks ago, we’ve been buying about a house a day. Recently, we’ve made some changes and eased up a bit, so that we're now buying less houses than before. In today’s episode, I explain why.
And no, it’s not because the market is falling apart or something like that. The market is a factor, but it’s actually very good right now where I’m buying, so there's a lot more to it than that. Thanks for listening!
Episode 82: Show Notes
- First, a few things that have been on my mind this past week.
- I just got back from an awesome marketing conference. Marketing is so incredibly powerful and important, and most of us in the real estate investing world, myself included, honestly suck at it!
- My mindset on education has changed so much over the past 6 months or so. I’m spending $20k per year on education for myself already, and I just signed up for another $25k per year group.
- Good education is by far the highest ROI you can get on your investment. And you can get an ROI while you’re learning.
- The main point in today’s episode is why I’ve decided to buy fewer houses. There are three reasons.
- Focusing on strengthening our financial foundation.
- Risk mitigation, both for myself and for my investors.
- Preparing for the market slowdown that will happen when we hit the colder months of the year.
- Right now the market is doing very well, interest are low, things are great, but I want to make sure I’m prepared for the seasonal slowdown in the second half of the year.
- We have so many houses in process right now that I’ve focused my team’s efforts more on project management than acquisitions.
- I'm very, very excited for what the future holds, now that I've seen firsthand that we can handle this kind of volume!
Links and Resources
- We’ve officially re-opened the doors to the House Flipping Formula coaching program. Get the details and sign up at HouseFlippingFormula.com!
- The recording of the House Flipping Systems Seminar is still available! It’s not going to be up for much longer, so hurry! Get it here.
Like what you hear? Subscribe!
If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e at it, leave us a rating (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff! If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them!
The post HFHQ 82: Why I’ve Decided to Buy Less Houses appeared first on House Flipping HQ.
Hosted on Acast. See acast.com/privacy for more information.