7 Figure Flipping with Bill Allen HFHQ 93: What I’ve Learned Flipping Houses Out of State (Plus an Update on The Market)
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We have about 90 houses in the pipeline right now, which is awesome! But we’ve learned a few important lessons about flipping houses out of state recently as well. Plus, the market is always changing… in this episode, I give you an update on everything—where we’re at and where we’re headed!
Episode 93: Show Notes
A few takeaways from today’s episode.
- Things have been BUSY around here recently!
- Tara and I just launched the 8 Minute Millionaire podcast, which has been a ton of fun so far. Check that out at 8MinuteMillionaire.com.
- On the house flipping side, we have about 90 houses in the pipeline at the moment.
- Kale and Vanessa both just got back from out of state trips, meeting with agents and other people we’re working with.
- We’ve learned a few things that are different in flipping out of state versus flipping in California. We’re always still learning! We don’t have everything figured out.
- When you’re getting started in this business, evaluate your situation. If you don’t have a lot of capital, don’t go out and start trying to flip high-end properties. Start by wholesaling and partnering, start as a bird dog, do whatever you can.
- Sometimes if you have money to put into a project, that becomes the path of least resistance, where it’s easier to just throw money at it rather than dig in and figure out the best or most cost-effective way to do something.
- We are no longer buying a house a day, and that’s intentional; we’re buying 2 or 3 per week.
- The market is still strong, though not as strong as it has been recently, so I’m cautiously optimistic going into the cooler months right now.
- I have some big changes I’ll be making soon to my house flipping coaching program, so stay tuned for more info on that!
Links and Resources
- If you haven’t checked out 8 Minute Millionaire, the new podcast Tara and I are having a BLAST creating, head over to 8MinuteMillionaire.com and find us on iTunes!
- Big changes coming up for my house flipping coaching program. I’m actually going to be “shutting it down” to new students for a while so I can revamp some things. If you want to get in, sign up now over at HouseFlippingFormula.com!
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