7 Figure Flipping HFHQ 34: Deal Acquisitions through Networking with Scott and Holly McKhann
Scott and Holly McKhann join us on today's podcast episode where they share amazing information about how they run their house flipping business. From land title deals to the amazing way they are able to acquire deals through just networking, this is an episode you will get a LOT of value out of!
Have any questions for Scott, Holly or I? 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?
The Webinar Is Today (March 27, 2014)!!
Today's webinar is going to be like none other we've had before. You definitely don't want to miss some of this exclusive content that we'll be sharing with the attendees about analyzing properties.
Join us by clicking on the link below and be ready to learn a ton about house flipping today, March 27, 2014 at 12 noon (Pacific) / 3PM (Eastern).
If you missed the webinar, just click on the link above and you can register for the next one!
Show Notes
In this episode we cover:
- Scott and Holly's journey from being a Civil Engineer and CPA to real estate investing
- Scott's first land-deal came from his work as a Civil Engineer with home builders which allowed him to quit his job
- Their first efforts with condo conversions in Texas and then house flipping in California starting in 2008
- A quick introduction to how land deals work and current market trends
- The difference between a land title deal and building a house on a plot of land
- The methods Holly and Scott used to find and buy properties in the past few years
- Networking with realtors (Holly is the “networking queen”)
- The courthouse steps (but not in the last couple years)
- How Holly, the “networking queen”, develops her relationships through networking, which is how they currently find most of their deals
- How to develop relationships and the most important things to keep in mind
- A role-playing session on how to develop relationships
- Scott and Holly's process for running a rehab project and how they deal with contractors
- The McKhann's methods for financing their deals
- Why Holly is going to get her real estate license
- Scott and Holly's advice and thoughts on working with your spouse
- Scott and Holly's recommendations to those people first starting out on their house flipping journey
Tweetable Quotes from Scott and Holly McKhann
Click a quote to tweet it!
- “Thankfully we've had more ups than downs” ~ Holly McKhann
- “Deals don't just come find you. You have to get out, meet people and talk to them” ~ Justin Williams
- “I've met a lot of real estate people and a lot of them don't have good people skills” ~ Holly McKhann
- “If the agent already knows all that stuff, they're probably already working with another investor” ~ Scott McKhann
- “Know your buyer and know the neighborhood, and get feedback from the locals who know” ~ Holly McKhann
- “Try to partner up with someone who's already in the business” ~ Scott McKhann
- “Its really hard to do a deal with only your own money” ~ Holly McKhann
Transcript
Click here to Read and Download the Transcript for Episode 34
Links and Resources
- Holly's Phone: 951-836-2000 or send an email to starlegacyhomes@gmail.com
- Star Legacy Homes on Facebook
- Tony Alvarez (www.tonyalvarez.com)
- Bruce Norris and the Norris Group (www.thenorrisgroup.com)
- Business Networking International
- Kristi Cirtwill
- “How to Win Friends and Influence People” by Dale Carnegie
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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