HFHQ 25: Rehabbing and Selling High End Flips with Will Barnard (Part 2)

This is Part 2 of our interview with Will Barnard.  Click here to listen to Part 1.

Will Barnard is a house flipper that focuses his energies on higher end properties.  In part 2 of our interview Will discusses the process of dealing with luxury house flips from financing to rehabbing to closing the deal with sellers.

Have any questions for Will 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?

Shout Outs and Thanks!

Thanks to Paul Colaiani at The Overwhelmed Brain for the GREAT audio introduction!  Think you can do better?  Send it in and show us what you can do and we might feature it on a future episode!

Thanks to Rodney Palmer from San Diego for the awesome gift!

Thanks also to Casey Cloud, our Ryan Skalla consulting call winner for the Amazon Gift Card!

And last but not least, Rick Grimsley for your amazing help in helping my wife know more about what it takes to get a pilot's license.

Flip Tip

“Cutting Through the Clutter to Hit the Target and Reach Your Goals”

Sometimes we're inundated with “information overload”.  For many people the problem isn't not knowing what to do, but just getting up and taking action.  In today's Flip Tip I share some thoughts on how to overcome the “clutter” of business-related information and focus on what it is you're trying to accomplish.  And, specifically with House Flipping, I talk about the 6 steps you need to get started with to start making offers and flipping houses.

Show Notes

In this episode we cover:

• Will's approach to rehabbing high-end luxury homes and the importance of having a vision
• Why Will is more hand's-on with some of his rehab projects
• How Will hires and manages his contractors
• Will's recommendations for getting started with contractors and where you can get referrals
• What to look for in a contractor and/or handy-man
• What Will puts in his contracts with contractors
• Will's use of creative financing on his projects and more details on seller financing
• A beginner's look at seller financing
• The process Will goes through with the appraisal of his properties
• How Will goes through the closing process when he sells his homes
• How he deals with inspections from buyers and requests for repairs
• Will's recommendations to people who are new to house flipping and how to deal with fear

Tweetable Quotes

Click a quote to tweet it!

• “Sometimes you have to let the reigns go.  There's a better use of my time.” ~ Will Barnard
• “If you're an investor and you have a good contractor, you're not giving them up.” ~ Will Barnard
• “Get educated in whatever strategy you decide to employ” ~ Will Barnard
• “The rich act in spite of fear when others allow it to stop them” ~ Will Barnard

Transcript

Click here to Read and Download the Transcript for Episode 25

Links and Resources

• Paul Colaiani at The Overwhelmed Brain
• Will's website: Barnard Enterprises
• Bigger Pockets
• Investor Experts

Join the Mastermind Webinar!

Plus, don't forget our House Flipping Mastermind Group is starting tomorrow, February 1, 2014.  We will not be having a webinar until February 13, 2014, which you can sign up for at houseflippinghq.com/webinar.

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: A.Savin [CC-BY-SA-3.0-2.5-2.0-1.0 (http://creativecommons.org/licenses/by-sa/3.0) or FAL], via Wikimedia Commons

The post HFHQ 25: Rehabbing and Selling High End Flips with Will Barnard (Part 2) appeared first on House Flipping HQ.

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