7 Figure Flipping HFHQ 10: Patrick Clark and Brian Daly with Tips for House Flipping Success
Brian Daly and Patrick Clark are “The REIG Renovators”
In this episode of the House Flipping HQ Podcast, Patrick Clark and Brian Daly share their beginnings in real estate investing and how they built a successful business, starting out as wholesalers and creating a house flipping business at break-neck speeds.
They give useful information on what they did, and what you can do, to follow your vision and follow through on your dreams.
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Show Notes
In this episode we cover:
- Patrick and Brian's beginnings with real estate investing
- Keys to the success of their business, including …
- The importance of “buying into your vision” and following through, both for yourself and for those in your life.
- Getting out of your comfort zone and meeting like-minded, successful people who also have inner drive
- Patrick and Brian's 10 pillars of generating business for real estate investors
- Networking
- Relationships
- Flyers
- Adwords
- Direct Mail
- Events
- Email newsletters
- Signs
- Social Media
- Leverating relationships
- Ways to scrub the MLS to get deals
- The importance of developing relationships and the best ways to find the right people to meet and network
- Importance of making partnerships or joint ventures with people who know the market well if you are new to real estate investing.
- Advantages and methods for every-door direct marketing
- The importance of watching your numbers
- Insights on how to get your deals financed.
- Patrick and Brian's methods to finance all of their deals
- Managing and developing a system for the rehab process
- REIG's donations to Wounded Warrior Homes
Other topics covered:
- Justin's iTunes charity challenge! Your iTunes ratings and reviews can help a family in need this holiday season. Plus you get a great free gift and amazing resources that Justin uses in his own business. Subscribe, rate and review the podcast and then e-mail me at justin@houseflippinghq.com with your iTunes name!
- We've been asked to do some coaching or a possible mastermind group for new house flippers and I'd like to see what the interest level is. Leave a comment below if this is something you think you'd be interested in. Check the end of the episode to hear me discuss it in more detail.
Resources and Links Mentioned
- REIG Group website
- REIG Group facebook page
- USPS – Every Door Direct Mail
- Wounded Warrior Homes
- Interview with Tony Alvarez
- Interview with Tucker Merrihew
- Zillow.com
Memorable Quotes
“A lot of people go out there to these investment club meetings and spend all this time and money but never actually go out there and make action on it, and i can see how that would be frustrating from the significant other's point of view. We immediate went out there, made action, and started making things happen, and that got them to buy in very quickly” ~ Brian Daly
“You've got to go out there and talk to people. Find out what they're doing. People love talking about what they're doing. The people who do it well have pride in what they do.” ~ Brian Daly
“One of my favorite quotes, and I'm probably botching this, but Jerry Rice said, ‘I do today what others won't, so that tomorrow I do what they can't‘. (Tweet Jerry Rice's Quote!) You know it takes going out of your comfort zone, putting yourself around people that you're not used to is what's going to create that change.” ~ Patrick Clark
“If you want to be a millionaire, go hang out with millionaires. (Tweet This!) You're not going to do it hanging out with your buddies at the bar drinking. … If you hang out with the people who are doing what you want to do, you'll start to do what they do.”~ Patrick Clark
“It's not about competition, because there is plenty to go around out there. You just have to know the right areas to look.”~ Patrick Clark
“That's the beauty and the thing I love about this industry. People are willing to share in their success. You don't have to go through the traditional routes of education. It's just a matter of getting off your behind and go and do it.”~ Patrick Clark
“Don't focus on ‘what am I going to say to get this deal?'. Focus on ‘what am I going to say that separates me from the other 10 investors that are calling this agent?'.” “You won't last long in this industry if purely greed and money are your focuses. It should be more about doing the right thing. (Tweet this!) It's an opportunity to revitalize some run-down houses out there, but also have an impact on the people that are around you — your teams and your community.” ~ Patrick Clark
“If you do a good job [with the rehab] the house will sell itself.” “If you focus on doing the right thing, the money will come.” (Tweet this!) ~ Patrick Clark
Transcript
Click here to Read and Download the Transcript for Episode 10
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