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7 Figure Flipping with Bill Allen

Latest episodes

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Feb 26, 2021 • 32min

[431] 18 Months to Flip 1 House? Here’s What Happened…

I just had an incredible conversation with Nate Eckles.He’s a house flipper in the Omaha, Nebraska area.I brought him on the 7 Figure Flipping Podcast to share some things he wished he had known when starting out as a real estate investor.And we got into some really interesting stuff…His “albatross” house that has taken 18 months to renovate (trying to fix code violations)…The one short conversation he recently had that changed everything…How he closed 2 deals in 3 hours not long ago……and more.All this and more in today’s episode!Early-Bird Tickets to Flip Hacking LIVE 2021 Available NOW! (Price is Going Up TONIGHT!)One of the things that has helped Nate get through this difficult flip was having a support network of other investors he could meet with and talk to and learn from.If you want to find your tribe, come to Flip Hacking LIVE this year.It’s happening October 14-16 in Orlando, FL.We’re bringing 1,000+ house flippers and wholesalers together to network and learn and grow.It’s going to be awesome…And right now the early-bird price to sign up is just $297.But that price is going up TONIGHT.If you’re like Nate and you know you need to be at this event, hit the link below to claim your spot!CLICK HERE to Sign Up for Flip Hacking LIVE 2021 >>See you there!Check Out What Nate is Doing!If you want to connect with Nate, head over to his website, DadAndDaughterBuyHouses.com.- CLICK HERE: DadAndDaughterBuyHouses.comYou can also follow him and his daughter Ryleigh on YouTube as they flip houses and share their progress!- CLICK HERE: https://www.youtube.com/channel/UCBybfgX8Cc3LpHA2u3kyKkgLinks and ResourcesIf you’re an experienced real estate investor and you’re ready to get around a community of active house flippers and wholesalers who will support you, hold you accountable, and push you to set goals that inspire you as you grow your business, check out 7 Figure Altitude and see if it looks like a good fit. If it is, I invite you to fill out a quick application to join. If you have any questions, reach out!- CLICK HERE: 7FigureAltitude.comWant to learn how to find private money to fund your real estate investing deals? Check out the 30 Days to $500k Challenge. It’s a 30-day “course” where I break down the step-by-step process I’ve used to raise $10,000,000+ over the past few years. But it’s not just information... I’ve laid out specific action steps you’ll take EACH DAY to start raising all the private money you need to grow your real estate investing business. Hit the link below to jump in now…- CLICK HERE: 500kChallenge.comWant to get into multifamily investing? I’m partnering with Jason and Pili Yarusi to bring you our first-ever multifamily real estate investing event, Multifamily Live. It’s happening June10-12 and it’s completely virtual. We’re going to walk you through how to find high-profit, cash-flow-ready multifamily properties off-market and how to run lightning-fast syndications to fund multi-million-dollar deals instantly without using your own capital or bank loans. Anyone can do this… and the upsides on these deals are huge. Spots at the event are limited. Hit the link below to sign up!- CLICK HERE: Multifamily Live Event====================Want to continue your house flipping / wholesaling journey? Here are a few more resources to check out...Subscribe: Join the 7 Figure Flipping email list to get the latest house flipping and wholesaling secrets, plus insider access to real estate investing tips, training, and more! Click Here: https://7figureflipping.com/subscribe7 Figure Flipping Podcast: Subscribe and get more episodes like this one delivered to you every week! Click Here: https://7figureflipping.com/listenFacebook Group: We've built a community of serious investors who are learning and growing their businesses together. Join the Group on Facebook: https://www.facebook.com/groups/fliphacking/7FigureFlipping.com: Learn more about who we are, our mentoring groups, upcoming events, and the causes we support at our website. Plus, grab some free downloads and other materials to help you on your real estate investing journey! Click Here: https://7figureflipping.com/ Hosted on Acast. See acast.com/privacy for more information.
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Feb 24, 2021 • 34min

[430] What to Do When You Lose $100k on a Deal

What should you do when you lose $100,000 on a real estate deal?I’m kicking off a new series on the 7 Figure Flipping Podcast where I’m interviewing successful real estate investors and asking them what they wish they had known back when they were getting started in this business.Today I’m hanging out with my friend Arthur Botting.Arthur and his wife Jennifer flip about 12 houses per year and do some wholesaling too.But a few years back, as a new investor, Arthur found himself wrapped up in deal gone wrong with a deadbeat business partner and a huge loss incoming.So what did he do?And how did he get from there to here?This is what we’re unpacking in today’s episode…Listen in now!Early-Bird Tickets to Flip Hacking LIVE 2021 Available NOW! (Price is Going Up In a Few Days)...Failure is how we learn.But the best thing is to learn from OTHER people’s failures.Sharing lessons about what we’ve done wrong and what’s working now is the whole idea behind Flip Hacking LIVE, the 3-day event we hold once a year in October.This year it’s happening October 14-16 in Orlando, FL.And yes, we’re going to be IN-PERSON!Early-bird registration is officially open, and tickets are just $297.But the price is GOING UP on Friday.Sign up now!CLICK HERE to Get a Spot at Flip Hacking LIVE 2021 >>Catch you on the flip side!Links and ResourcesIf you’re an experienced real estate investor and you’re ready to get around a community of active house flippers and wholesalers who will support you, hold you accountable, and push you to set goals that inspire you as you grow your business, check out 7 Figure Altitude and see if it looks like a good fit. If it is, I invite you to fill out a quick application to join. If you have any questions, reach out!- CLICK HERE: 7FigureAltitude.comWant to learn how to find private money to fund your real estate investing deals? Check out the 30 Days to $500k Challenge. It’s a 30-day “course” where I break down the step-by-step process I’ve used to raise $10,000,000+ over the past few years. But it’s not just information... I’ve laid out specific action steps you’ll take EACH DAY to start raising all the private money you need to grow your real estate investing business. Hit the link below to jump in now…- CLICK HERE: 500kChallenge.comWant to get into multifamily investing? I’m partnering with Jason and Pili Yarusi to bring you our first-ever multifamily real estate investing event, Multifamily Live. It’s happening June10-12 and it’s completely virtual. We’re going to walk you through how to find high-profit, cash-flow-ready multifamily properties off-market and how to run lightning-fast syndications to fund multi-million-dollar deals instantly without using your own capital or bank loans. Anyone can do this… and the upsides on these deals are huge. Spots at the event are limited. Hit the link below to sign up!- CLICK HERE: Multifamily Live Event====================Want to continue your house flipping / wholesaling journey? Here are a few more resources to check out...Subscribe: Join the 7 Figure Flipping email list to get the latest house flipping and wholesaling secrets, plus insider access to real estate investing tips, training, and more! Click Here: https://7figureflipping.com/subscribe7 Figure Flipping Podcast: Subscribe and get more episodes like this one delivered to you every week! Click Here: https://7figureflipping.com/listenFacebook Group: We've built a community of serious investors who are learning and growing their businesses together. Join the Group on Facebook: https://www.facebook.com/groups/fliphacking/7FigureFlipping.com: Learn more about who we are, our mentoring groups, upcoming events, and the causes we support at our website. Plus, grab some free downloads and other materials to help you on your real estate investing journey! Click Here: https://7figureflipping.com/ Hosted on Acast. See acast.com/privacy for more information.
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Feb 18, 2021 • 52min

[429] What’s Happening With Flip Hacking LIVE?

Every year I hold a 3-day event called Flip Hacking LIVE. For 3 days, house flippers and wholesalers come together to share strategies, network, and learn what’s WORKING right now. We do it in October. And it’s one of the “high points” of the year for me. (The best part is getting to see everybody and hang out with like-minded people who “get” what we’re doing as real estate investors.)So what’s the plan this year? Last night I went live on Zoom to deliver a huge announcement. I broke down all the details about this year’s upcoming Flip Hacking LIVE event and answered a ton of questions.Is it going to be live?Will we be face-to-face again?When is it happening?Where is it happening?Will there be networking?How will it work?What will it cost?How do you get a ticket? In case you missed it, I’m posting the replay of the live call here so you can get all the info! VIDEO VERSION: https://fliphackinglive.com/2021launch Check out the announcement… …then head over to FlipHackingLIVE.com to get your ticket at the crazy-low early bird price before the cost goes up and seats sell out! - CLICK HERE: FlipHackingLIVE.com See you there!Links and ResourcesIf you’re an experienced real estate investor and you’re ready to get around a community of active house flippers and wholesalers who will support you, hold you accountable, and push you to set goals that inspire you as you grow your business, check out 7 Figure Altitude and see if it looks like a good fit. If it is, I invite you to fill out a quick application to join. If you have any questions, reach out!- CLICK HERE: 7FigureAltitude.comWant to learn how to find private money to fund your real estate investing deals? Check out the 30 Days to $500k Challenge. It’s a 30-day “course” where I break down the step-by-step process I’ve used to raise $10,000,000+ over the past few years. But it’s not just information... I’ve laid out specific action steps you’ll take EACH DAY to start raising all the private money you need to grow your real estate investing business. Hit the link below to jump in now…- CLICK HERE: 500kChallenge.comFollow the 7-Day Flip series on YouTube! Can Tyler Jensen and his team flip 4 houses in 7 days? (Start to finish, full renovations?) Subscribe to the 7 Figure Flipping YouTube channel and watch the whole series!- CLICK HERE: Subscribe on YouTube!Want to get into multifamily investing? I’m partnering with Jason and Pili Yarusi to bring you our first-ever multifamily real estate investing event, Multifamily Live. It’s happening June10-12 and it’s completely virtual. We’re going to walk you through how to find high-profit, cash-flow-ready multifamily properties off-market and how to run lightning-fast syndications to fund multi-million-dollar deals instantly without using your own capital or bank loans. Anyone can do this… and the upsides on these deals are huge. Spots at the event are limited. Hit the link below to sign up!- CLICK HERE: Multifamily Live Event====================Want to continue your house flipping / wholesaling journey? Here are a few more resources to check out...Subscribe: Join the 7 Figure Flipping email list to get the latest house flipping and wholesaling secrets, plus insider access to real estate investing tips, training, and more! Click Here: https://7figureflipping.com/subscribe7 Figure Flipping Podcast: Subscribe and get more episodes like this one delivered to you every week! Click Here: https://7figureflipping.com/listenFacebook Group: We've built a community of serious investors who are learning and growing their businesses together. Join the Group on Facebook: https://www.facebook.com/groups/fliphacking/7FigureFlipping.com: Learn more about who we are, our mentoring groups, upcoming events, and the causes we support at our website. Plus, grab some free downloads and other materials to help you on your real estate investing journey! Click Here: https://7figureflipping.com/ Hosted on Acast. See acast.com/privacy for more information.
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Feb 17, 2021 • 15min

[428] The GameStop Squeeze and Why I Left the Stock Market

Today I want to talk about the GameStop short squeeze……and why I invest in real estate and NOT the stock market.A lot of people don’t know this, but I used to be a stock market investor.I got really into it.These days, I don’t put ANY of my money there.And in this episode I explain why.The Best Investment You Can Make...I diversify my investments across multiple real estate asset classes (listen to the episode to find out how).But there’s an even better investment option…One with an even bigger long-term ROI.It’s investing in yourself.When you learn a skill that can make you hundreds of thousands of dollars, or pick up new strategies that can double your business’s profit……the year-over-year returns are insane.We just kicked off a new real estate investor training program called 7 Figure Academy.Inside, you’ll learn everything you need to know to launch and grow your house flipping or wholesaling business from the ground up.If you want to get started in real estate investing…Or if you’re already an investor and you want to get more deals faster……then this is for you.- CLICK HERE: 7FigureFlipping.com/AcademyLinks and ResourcesIf you’re an experienced real estate investor and you’re ready to get around a community of active house flippers and wholesalers who will support you, hold you accountable, and push you to set goals that inspire you as you grow your business, check out 7 Figure Altitude and see if it looks like a good fit. If it is, I invite you to fill out a quick application to join. If you have any questions, reach out!- CLICK HERE: 7FigureAltitude.comWant to learn how to find private money to fund your real estate investing deals? Check out the 30 Days to $500k Challenge. It’s a 30-day “course” where I break down the step-by-step process I’ve used to raise $10,000,000+ over the past few years. But it’s not just information... I’ve laid out specific action steps you’ll take EACH DAY to start raising all the private money you need to grow your real estate investing business. Hit the link below to jump in now…- CLICK HERE: 500kChallenge.comFollow the 7-Day Flip series on YouTube! Can Tyler Jensen and his team flip 4 houses in 7 days? (Start to finish, full renovations?) Subscribe to the 7 Figure Flipping YouTube channel and watch the whole series!- CLICK HERE: Subscribe on YouTube!Want to get into multifamily investing? I’m partnering with Jason and Pili Yarusi to bring you our first-ever multifamily real estate investing event, Multifamily Live. It’s happening June10-12 and it’s completely virtual. We’re going to walk you through how to find high-profit, cash-flow-ready multifamily properties off-market and how to run lightning-fast syndications to fund multi-million-dollar deals instantly without using your own capital or bank loans. Anyone can do this… and the upsides on these deals are huge. Spots at the event are limited. Hit the link below to sign up!- CLICK HERE: Multifamily Live Event====================Want to continue your house flipping / wholesaling journey? Here are a few more resources to check out...Subscribe: Join the 7 Figure Flipping email list to get the latest house flipping and wholesaling secrets, plus insider access to real estate investing tips, training, and more! Click Here: https://7figureflipping.com/subscribe7 Figure Flipping Podcast: Subscribe and get more episodes like this one delivered to you every week! Click Here: https://7figureflipping.com/listenFacebook Group: We've built a community of serious investors who are learning and growing their businesses together. Join the Group on Facebook: https://www.facebook.com/groups/fliphacking/7FigureFlipping.com: Learn more about who we are, our mentoring groups, upcoming events, and the causes we support at our website. Plus, grab some free downloads and other materials to help you on your real estate investing journey! Click Here: https://7figureflipping.com/ Hosted on Acast. See acast.com/privacy for more information.
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Feb 11, 2021 • 15min

[427] This Mindset Hack is How You Grow

On Monday I met a real estate investor who’s also a pretty big YouTube star.We had an interesting conversation…It turns out he and I have something in common.And it’s something we both spent $20,000+ on.In this episode I share what this "thing" is and why it matters for YOUR success as a house flipper / wholesaler (you pretty much HAVE to have this)…Listen in now!Ready to Grow? Join the 7 Figure Academy...We just rolled out something I’m pretty excited about.It’s called 7 Figure Academy.It’s a start-to-fishing video training system for house flippers and wholesalers.80+ videos on everything that’s working right now.You’ll learn things like…How to get started…How to fund deals…How to find motivated sellers…How to analyze markets…How to run comps…Word tracks and scripts…How to get contracts signed…Transaction coordination…How to find buyers fast…How to track your numbers…Contracts and documents…How to hire and grow……and more.You can get access to all of it at 7FigureFlipping.com/Academy.- CLICK HERE: 7FigureFlipping.com/AcademyLinks and ResourcesIf you’re an experienced real estate investor and you’re ready to get around a community of active house flippers and wholesalers who will support you, hold you accountable, and push you to set goals that inspire you as you grow your business, check out 7 Figure Altitude and see if it looks like a good fit. If it is, I invite you to fill out a quick application to join. If you have any questions, reach out!- CLICK HERE: 7FigureAltitude.comWant to learn how to find private money to fund your real estate investing deals? Check out the 30 Days to $500k Challenge. It’s a 30-day “course” where I break down the step-by-step process I’ve used to raise $10,000,000+ over the past few years. But it’s not just information... I’ve laid out specific action steps you’ll take EACH DAY to start raising all the private money you need to grow your real estate investing business. Hit the link below to jump in now…- CLICK HERE: 500kChallenge.comFollow the 7-Day Flip series on YouTube! Can Tyler Jensen and his team flip 4 houses in 7 days? (Start to finish, full renovations?) Subscribe to the 7 Figure Flipping YouTube channel and watch the whole series!- CLICK HERE: Subscribe on YouTube!Want to get into multifamily investing? I’m partnering with Jason and Pili Yarusi to bring you our first-ever multifamily real estate investing event, Multifamily Live. It’s happening June10-12 and it’s completely virtual. We’re going to walk you through how to find high-profit, cash-flow-ready multifamily properties off-market and how to run lightning-fast syndications to fund multi-million-dollar deals instantly without using your own capital or bank loans. Anyone can do this… and the upsides on these deals are huge. Spots at the event are limited. Hit the link below to sign up!- CLICK HERE: Multifamily Live Event====================Want to continue your house flipping / wholesaling journey? Here are a few more resources to check out...Subscribe: Join the 7 Figure Flipping email list to get the latest house flipping and wholesaling secrets, plus insider access to real estate investing tips, training, and more! Click Here: https://7figureflipping.com/subscribe7 Figure Flipping Podcast: Subscribe and get more episodes like this one delivered to you every week! Click Here: https://7figureflipping.com/listenFacebook Group: We've built a community of serious investors who are learning and growing their businesses together. Join the Group on Facebook: https://www.facebook.com/groups/fliphacking/7FigureFlipping.com: Learn more about who we are, our mentoring groups, upcoming events, and the causes we support at our website. Plus, grab some free downloads and other materials to help you on your real estate investing journey! Click Here: https://7figureflipping.com/ Hosted on Acast. See acast.com/privacy for more information.
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Feb 9, 2021 • 17min

[426] Was Walt Disney a Failure?

He got fired from his first successful animation job.His first studio went bankrupt.After Snow White, his next two movies were back-to-back flops.So why does everybody know Walt Disney’s name?The reason is, he understood one simple thing.And it’s something EVERY entrepreneur needs to know…Feeling "Stuck?" Join the 7 Figure Academy...If you’re feeling stuck in your house flipping or wholesaling journey, I’d like to invite you to check out something we just launched.It’s called 7 Figure Academy.I’ve put together a start-to-finish video series on wholesaling.Tyler Jensen did the same for house flipping.It’s all in there… How to get started…How to fund deals…How to find motivated sellers…How to analyze markets…How to run comps…Word tracks and scripts…How to get contracts signed…Transaction coordination…How to find buyers fast…How to track your numbers…Contracts and documents…How to hire and grow……and more.You can get access to all of it at 7FigureFlipping.com/Academy.Let’s get you un-stuck.- CLICK HERE: 7FigureFlipping.com/AcademyLinks and ResourcesIf you’re an experienced real estate investor and you’re ready to get around a community of active house flippers and wholesalers who will support you, hold you accountable, and push you to set goals that inspire you as you grow your business, check out 7 Figure Altitude and see if it looks like a good fit. If it is, I invite you to fill out a quick application to join. If you have any questions, reach out!- CLICK HERE: 7FigureAltitude.comWant to learn how to find private money to fund your real estate investing deals? Check out the 30 Days to $500k Challenge. It’s a 30-day “course” where I break down the step-by-step process I’ve used to raise $10,000,000+ over the past few years. But it’s not just information... I’ve laid out specific action steps you’ll take EACH DAY to start raising all the private money you need to grow your real estate investing business. Hit the link below to jump in now…- CLICK HERE: 500kChallenge.comFollow the 7-Day Flip series on YouTube! Can Tyler Jensen and his team flip 4 houses in 7 days? (Start to finish, full renovations?) Subscribe to the 7 Figure Flipping YouTube channel and watch the whole series!- CLICK HERE: Subscribe on YouTube!Want to get into multifamily investing? I’m partnering with Jason and Pili Yarusi to bring you our first-ever multifamily real estate investing event, Multifamily Live. It’s happening June10-12 and it’s completely virtual. We’re going to walk you through how to find high-profit, cash-flow-ready multifamily properties off-market and how to run lightning-fast syndications to fund multi-million-dollar deals instantly without using your own capital or bank loans. Anyone can do this… and the upsides on these deals are huge. Spots at the event are limited. Hit the link below to sign up!- CLICK HERE: Multifamily Live Event====================Want to continue your house flipping / wholesaling journey? Here are a few more resources to check out...Subscribe: Join the 7 Figure Flipping email list to get the latest house flipping and wholesaling secrets, plus insider access to real estate investing tips, training, and more! Click Here: https://7figureflipping.com/subscribe7 Figure Flipping Podcast: Subscribe and get more episodes like this one delivered to you every week! Click Here: https://7figureflipping.com/listenFacebook Group: We've built a community of serious investors who are learning and growing their businesses together. Join the Group on Facebook: https://www.facebook.com/groups/fliphacking/7FigureFlipping.com: Learn more about who we are, our mentoring groups, upcoming events, and the causes we support at our website. Plus, grab some free downloads and other materials to help you on your real estate investing journey! Click Here: https://7figureflipping.com/ Hosted on Acast. See acast.com/privacy for more information.
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Feb 6, 2021 • 19min

[425] Flip 40 Houses in 1 Year (Video Walkthrough)

Tyler Jensen just recorded a huge video course breaking down his ENTIRE house flipping business step by step.This guy is flipping 40+ houses per year...And he's put all the pieces together in 1 place to show you how he does it.Listen in for more info + how to get the videos!Over the past two weeks, Tyler and I have shared a lot of tips for new house flippers. We talked about how to find your first house to flip…We talked about how to estimate repair costs…We talked about how to calculate your offer price… …but there’s way more to it than that. In this new training course, we’re laying everything out. How to find houses…How to analyze deals…How to budget your flips…How to get the best prices on materials…How to find and keep good contractors…How to streamline your flips with tools and systems…How to get funding for your deals…How to manage multiple projects at the same time…How to negotiate with sellers…How to get your flips sold fast when you’re finished…How to maximize your offers… …and more. There’s SO MUCH in here. And I can’t wait for you to check it out. Listen to this episode for all the details. Catch you on the flip side!Join the 7 Figure Academy… and Get Tyler’s Full House Flipping Video Course!If you could sit down with someone flipping 40 houses a year and see EVERYTHING they’re doing, do you think it would help you figure out how to flip your first house (or your next 10 houses)?This is your chance to find out…Tyler and I just teamed up to launch the new 7 Figure Academy, a training program for beginning and experienced house flippers and wholesalers. I’ve put together a step-by-step breakdown of my wholesaling business, and Tyler has done the same for his house flipping business.If you’re ready to follow a proven, step-by-step blueprint to launch or grow your real estate investing business, this is for you. Hit the link below to get access!- CLICK HERE: 7FigureFlipping.com/AcademyLinks and ResourcesIf you’re an experienced real estate investor and you’re ready to get around a community of active house flippers and wholesalers who will support you, hold you accountable, and push you to set goals that inspire you as you grow your business, check out 7 Figure Altitude and see if it looks like a good fit. If it is, I invite you to fill out a quick application to join. If you have any questions, reach out!- CLICK HERE: 7FigureAltitude.comWant to learn how to find private money to fund your real estate investing deals? Check out the 30 Days to $500k Challenge. It’s a 30-day “course” where I break down the step-by-step process I’ve used to raise $10,000,000+ over the past few years. But it’s not just information... I’ve laid out specific action steps you’ll take EACH DAY to start raising all the private money you need to grow your real estate investing business. Hit the link below to jump in now…- CLICK HERE: 500kChallenge.comFollow the 7-Day Flip series on YouTube! Can Tyler Jensen and his team flip 4 houses in 7 days? (Start to finish, full renovations?) Subscribe to the 7 Figure Flipping YouTube channel and watch the whole series!- CLICK HERE: Subscribe on YouTube!Want to get into multifamily investing? I’m partnering with Jason and Pili Yarusi to bring you our first-ever multifamily real estate investing event, Multifamily Live. It’s happening June10-12 and it’s completely virtual. We’re going to walk you through how to find high-profit, cash-flow-ready multifamily properties off-market and how to run lightning-fast syndications to fund multi-million-dollar deals instantly without using your own capital or bank loans. Anyone can do this… and the upsides on these deals are huge. Spots at the event are limited. Hit the link below to sign up!- CLICK HERE: Multifamily Live Event====================Want to continue your house flipping / wholesaling journey? Here are a few more resources to check out...Subscribe: Join the 7 Figure Flipping email list to get the latest house flipping and wholesaling secrets, plus insider access to real estate investing tips, training, and more! Click Here: https://7figureflipping.com/subscribe7 Figure Flipping Podcast: Subscribe and get more episodes like this one delivered to you every week! Click Here: https://7figureflipping.com/listenFacebook Group: We've built a community of serious investors who are learning and growing their businesses together. Join the Group on Facebook: https://www.facebook.com/groups/fliphacking/7FigureFlipping.com: Learn more about who we are, our mentoring groups, upcoming events, and the causes we support at our website. Plus, grab some free downloads and other materials to help you on your real estate investing journey! Click Here: https://7figureflipping.com/ Hosted on Acast. See acast.com/privacy for more information.
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Feb 3, 2021 • 30min

[424] How to Calculate Your Max Allowable Offer

This is the #1 thing that scares new house flippers.“What if I pay too much for the house?”It’s a valid fear. I’ve made this mistake myself in the past.Here’s how to ACCURATELY calculate your maximum offer price so you know how much you can pay and still make money on the deal…A lot of house flippers hold back because they don’t want to get the offer price wrong.So I asked Tyler Jensen to join me on the 7 Figure Flipping podcast again today to share some tips on how to do it right.We’re digging into things like…The truth about the “70% rule…”What formula to use…How much profit Tyler plans to make on each deal…How to estimate holding costs…How to plan for the worst-case scenarios…We you shouldn’t be conservative on everything…And more.Listen in now!Links and ResourcesA big part of getting your offer right is knowing how to comp the property. I posted an episode a little while back where my friend Arthur Botting and I broke down comping in detail and dug into some examples. Check it out!- CLICK HERE: How to Comp PropertiesIf you’re an experienced real estate investor and you’re ready to get around a community of active house flippers and wholesalers who will support you, hold you accountable, and push you to set goals that inspire you as you grow your business, check out 7 Figure Altitude and see if it looks like a good fit. If it is, I invite you to fill out a quick application to join. If you have any questions, reach out!- CLICK HERE: 7FigureAltitude.comWant to learn how to find private money to fund your real estate investing deals? Check out the 30 Days to $500k Challenge. It’s a 30-day “course” where I break down the step-by-step process I’ve used to raise $10,000,000+ over the past few years. But it’s not just information... I’ve laid out specific action steps you’ll take EACH DAY to start raising all the private money you need to grow your real estate investing business. Hit the link below to jump in now…- CLICK HERE: 500kChallenge.comFollow the 7-Day Flip series on YouTube! Can Tyler Jensen and his team flip 4 houses in 7 days? (Start to finish, full renovations?) Subscribe to the 7 Figure Flipping YouTube channel and watch the whole series!- CLICK HERE: Subscribe on YouTube!Want to get into multifamily investing? I’m partnering with Jason and Pili Yarusi to bring you our first-ever multifamily real estate investing event, Multifamily Live. It’s happening June10-12 and it’s completely virtual. We’re going to walk you through how to find high-profit, cash-flow-ready multifamily properties off-market and how to run lightning-fast syndications to fund multi-million-dollar deals instantly without using your own capital or bank loans. Anyone can do this… and the upsides on these deals are huge. Spots at the event are limited. Hit the link below to sign up!- CLICK HERE: Multifamily Live Event====================Want to continue your house flipping / wholesaling journey? Here are a few more resources to check out...Subscribe: Join the 7 Figure Flipping email list to get the latest house flipping and wholesaling secrets, plus insider access to real estate investing tips, training, and more! Click Here: https://7figureflipping.com/subscribe7 Figure Flipping Podcast: Subscribe and get more episodes like this one delivered to you every week! Click Here: https://7figureflipping.com/listenFacebook Group: We've built a community of serious investors who are learning and growing their businesses together. Join the Group on Facebook: https://www.facebook.com/groups/fliphacking/7FigureFlipping.com: Learn more about who we are, our mentoring groups, upcoming events, and the causes we support at our website. Plus, grab some free downloads and other materials to help you on your real estate investing journey! Click Here: https://7figureflipping.com/ Hosted on Acast. See acast.com/privacy for more information.
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Jan 30, 2021 • 22min

[423] How to Estimate Repair Costs on Your Flips

This is something that stumps a lot of new house flippers.How do you accurately estimate repairs BEFORE getting a house under contract?Getting the repair cost wrong is the fastest way to lose money on a deal.The last thing you want is extra expenses piling up that you weren't expecting. Here are a few tips to keep you from getting in over your head...In this episode, Tyler Jensen and I are breaking down how to calculate repairs on your next flip before you sign the contract.We’re digging into things like…The 3 things you have to control for…Why the first walkthrough is so important…Some big issues to look for…Why you should review comps FIRST…How to price out materials…Some “back of the envelope” math to estimate labor costs…How to get access to one of Tyler’s budgets……and more.Listen in now!Links and ResourcesIf you’re an experienced real estate investor and you’re ready to get around a community of active house flippers and wholesalers who will support you, hold you accountable, and push you to set goals that inspire you as you grow your business, check out 7 Figure Altitude and see if it looks like a good fit. If it is, I invite you to fill out a quick application to join. If you have any questions, reach out!- CLICK HERE: 7FigureAltitude.comWant to learn how to find private money to fund your real estate investing deals? Check out the 30 Days to $500k Challenge. It’s a 30-day “course” where I break down the step-by-step process I’ve used to raise $10,000,000+ over the past few years. But it’s not just information... I’ve laid out specific action steps you’ll take EACH DAY to start raising all the private money you need to grow your real estate investing business. Hit the link below to jump in now…- CLICK HERE: 500kChallenge.comFollow the 7-Day Flip series on YouTube! Can Tyler Jensen and his team flip 4 houses in 7 days? (Start to finish, full renovations?) Subscribe to the 7 Figure Flipping YouTube channel and watch the whole series!- CLICK HERE: Subscribe on YouTube!Want to get into multifamily investing? I’m partnering with Jason and Pili Yarusi to bring you our first-ever multifamily real estate investing event, Multifamily Live. It’s happening June10-12 and it’s completely virtual. We’re going to walk you through how to find high-profit, cash-flow-ready multifamily properties off-market and how to run lightning-fast syndications to fund multi-million-dollar deals instantly without using your own capital or bank loans. Anyone can do this… and the upsides on these deals are huge. Spots at the event are limited. Hit the link below to sign up!- CLICK HERE: Multifamily Live Event====================Want to continue your house flipping / wholesaling journey? Here are a few more resources to check out...Subscribe: Join the 7 Figure Flipping email list to get the latest house flipping and wholesaling secrets, plus insider access to real estate investing tips, training, and more! Click Here: https://7figureflipping.com/subscribe7 Figure Flipping Podcast: Subscribe and get more episodes like this one delivered to you every week! Click Here: https://7figureflipping.com/listenFacebook Group: We've built a community of serious investors who are learning and growing their businesses together. Join the Group on Facebook: https://www.facebook.com/groups/fliphacking/7FigureFlipping.com: Learn more about who we are, our mentoring groups, upcoming events, and the causes we support at our website. Plus, grab some free downloads and other materials to help you on your real estate investing journey! Click Here: https://7figureflipping.com/ Hosted on Acast. See acast.com/privacy for more information.
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Jan 26, 2021 • 26min

[422] How to Find Your First House to Flip

Looking for your first house to flip?Or your NEXT deal (if you're already flipping)?Listen to this episode for a few ideas and strategies you can try!Tyler Jensen flips 40+ houses per year.He’s famous for his “7-day flips,” where he and his team renovate houses in just 7 days (or less).In this episode of the 7 Figure Flipping Podcast, we’re digging into…How Tyler found his first deal…How to get 50 to 100 leads in an hour…His advice for first-time house flippers…The “cheapest, easiest, fastest” ways to find houses to flip…Who you need to know…Tyler’s #1 recommended deal source…And more.Listen in now!Links and ResourcesIf you’re an experienced real estate investor and you’re ready to get around a community of active house flippers and wholesalers who will support you, hold you accountable, and push you to set goals that inspire you as you grow your business, check out 7 Figure Altitude and see if it looks like a good fit. If it is, I invite you to fill out a quick application to join. If you have any questions, reach out!- CLICK HERE: 7FigureAltitude.comWant to learn how to find private money to fund your real estate investing deals? Check out the 30 Days to $500k Challenge. It’s a 30-day “course” where I break down the step-by-step process I’ve used to raise $10,000,000+ over the past few years. But it’s not just information... I’ve laid out specific action steps you’ll take EACH DAY to start raising all the private money you need to grow your real estate investing business. Hit the link below to jump in now…- CLICK HERE: 500kChallenge.comFollow the 7-Day Flip series on YouTube! Can Tyler Jensen and his team flip 4 houses in 7 days? (Start to finish, full renovations?) Subscribe to the 7 Figure Flipping YouTube channel and watch the whole series!- CLICK HERE: Subscribe on YouTube!Want to get into multifamily investing? I’m partnering with Jason and Pili Yarusi to bring you our first-ever multifamily real estate investing event, Multifamily Live. It’s happening June10-12 and it’s completely virtual. We’re going to walk you through how to find high-profit, cash-flow-ready multifamily properties off-market and how to run lightning-fast syndications to fund multi-million-dollar deals instantly without using your own capital or bank loans. Anyone can do this… and the upsides on these deals are huge. Spots at the event are limited. Hit the link below to sign up!- CLICK HERE: Multifamily Live Event====================Want to continue your house flipping / wholesaling journey? Here are a few more resources to check out...Subscribe: Join the 7 Figure Flipping email list to get the latest house flipping and wholesaling secrets, plus insider access to real estate investing tips, training, and more! Click Here: https://7figureflipping.com/subscribe7 Figure Flipping Podcast: Subscribe and get more episodes like this one delivered to you every week! Click Here: https://7figureflipping.com/listenFacebook Group: We've built a community of serious investors who are learning and growing their businesses together. Join the Group on Facebook: https://www.facebook.com/groups/fliphacking/7FigureFlipping.com: Learn more about who we are, our mentoring groups, upcoming events, and the causes we support at our website. Plus, grab some free downloads and other materials to help you on your real estate investing journey! Click Here: https://7figureflipping.com/ Hosted on Acast. See acast.com/privacy for more information.

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