7 Figure Flipping with Bill Allen

“I can accept failure. Everyone fails at something, but I can’t accept not trying.” “If you’re trying to achieve, there will be roadblocks. I’ve had them. Everyone has had them. Obstacles don’t have to stop you. If you run into a wall, don’t turn around and give up. Figure out a way to climb it.” “To be successful you have to be selfish, or else you never achieve. But once you get to your highest level, then you have to be unselfish. Stay reachable, stay in touch, and don’t isolate.” Michael Jordan, The Last Dance A lot of real estate investors are worried about the future right now.People who’ve never flipped a house before are wondering if now is the right time to jump in.People who are already doing deals but don’t have a lot of cash saved up are hesitant to keep pushing forward, wondering if they’re going to lose it all on the next house.People who are running large flipping or wholesaling operations are worried about keeping their deal flow high and making payroll.Whatever experience level you’re at……there’s something going on.Uncertainty. Challenges. Obstacles.And as business owners, it’s easy to let worry and fear infect our minds and hold us back.So I want to share some words of inspiration and break down the next steps for house flippers and wholesalers facing these concerns.Let’s dive in!Enjoy the podcast? Subscribe and leave us a review!To hear all episodes of the podcast, visit https://7figureflipping.com/podcast. Hosted on Acast. See acast.com/privacy for more information.

Are you cut out to be an entrepreneur? There’s a quick way to find out…Do you blame others for what happens, or do you take extreme ownership?The answer to this question will give you a good idea of whether or not you’ve got what it takes to be a successful entrepreneur.In his book, Entrepreneurial Leap, Gino Wickman lays out the 6 essential traits of a true entrepreneur. One of them is responsibility.Wickman says, “Responsibility is the ability to act independently and make decisions without authorization.” But what does responsibility actually look like for a real estate investor? To answer that question, meet Terry Burger.Terry is a real estate investor, agent, entrepreneur, and the owner of Nice Guys Buying Houses in Atlanta, GA. Over the past 12 months, he’s brought in more than $1,000,000 in gross profit from just 24 deals!You can learn more about Terry’s business at https://www.niceguysbuyingatlantahouses.com/.Join Terry and the rest of the 7FF team at Flip Hacking LIVE, the #1 live event for impact-driven house flippers and wholesalers October 15-17, 2020, in Orlando, Florida.Enjoy the podcast? Subscribe and leave us a review!To hear all episodes of the podcast, visit https://7figureflipping.com/podcast. Hosted on Acast. See acast.com/privacy for more information.

In this episode, Bill Allen is chatting with LendingHome Director of Strategic Accounts, Ray Williamson, to break down what house flippers and real estate investors need to know as the economy reacts to the coronavirus pandemic... and how to get the funds you need to close MORE deals as the changing market opens new opportunities.Ray helped build LendingHome from a 50 person outfit to the largest fix-and-flip lender in the industry. He now works with new and experienced house flippers, coaching them on how to use institutional money to scale their businesses. Many clients inside the 7 Figure Flipping mastermind groups use LendingHome to fund their deals.In this interview, you’ll hear Ray take questions from investors of all levels of experience, live on the call, and give his current “state of the union” update from the lending space. You can learn more at LendingHome.com.Enjoy the podcast? Subscribe and leave us a review!To hear all episodes of the podcast, visit https://7figureflipping.com/podcast. Hosted on Acast. See acast.com/privacy for more information.

Every entrepreneurial leap begins with taking a risk. In business, big rewards almost never come without big risks. That’s why best selling author Geno Wickman has identified “risk taker” as one of the six essential traits EVERY entrepreneur must have.Real estate investor Mike Simmons has been taking risks his entire professional life. Mike was the first member of the 7 Figure Flipping mastermind group to reach a 7 figure gross profit in his business in 1 year.If you’ve been to Flip Hacking LIVE or any of the 7 Figure Flipping mastermind meetings, you know Mike is one of the people that makes the 7FF community special. He is one of the leaders in our mentoring programs, as well as the Director of Fulfillment for the entire organization. Mike continues to flip and wholesale 10 to 15 properties per month in and around his home state of Michigan.Want to hear more from Mike? Join him and the rest of the 7FF team at Flip Hacking LIVE, the #1 live event for impact-driven house flippers and wholesalers October 15-17, 2020, in Orlando, Florida.Enjoy the podcast? Subscribe and leave us a review!To hear all episodes of the podcast, visit https://7figureflipping.com/podcast. Hosted on Acast. See acast.com/privacy for more information.

Are entrepreneurs born with the drive for success, or is it a product of their experience? How do driven business owners avoid the pitfalls of ego and self-reliance? What can entrepreneurs do to harness their internal drive and maximize their potential? In this episode of the podcast Bill Allen sits down with real estate entrepreneur Jeremiah Johnson to discuss what separates a driven entrepreneur from the average person. In his book Entrepreneurial Leap, Gino Wickman identifies six traits entrepreneurs must possess in order to succeed. Being driven is one of these traits… and it’s a word that could be used to describe Jeremiah for most of his life.Jeremiah turned a career in medical sales into a full time real estate investing business, doing $1,000,000 in sales and over 100 transactions in his first year (and nearly doubling that in year two).Want to hear more from Jeremiah? Join her and the rest of the 7FF team at Flip Hacking Live, the #1 live event for impact-driven house flippers and wholesalers October 15-17, 2020, in Orlando, Florida. Enjoy the podcast? Subscribe and leave us a review!To hear all episodes of the podcast, visit https://7figureflipping.com/podcast. Hosted on Acast. See acast.com/privacy for more information.

Can’t meet with sellers because of coronavirus? Here’s how to get contracts signed over the phone.This works… we’re locking up contracts right now without meeting sellers in person.A lot of real estate investors are waiting on the sidelines… but the guys and gals who’ve figured out how to do this are crushing it.I asked my acquisitions manager Chad King to break down how you can do this. He’s digging into stuff like…What you need to do DIFFERENTLY when closing over the phone...How to build REAL rapport when you’re not face-to-face...How to make offers (what to say and NOT say)...What you need to do NEXT after your offer gets accepted…How to handle getting contracts and other documents signed......and more.You may recognize Chad King from Flip Hacking LIVE 2019. Chad is Bill’s Sales Manager at Blackjack Real Estate and handles all sales training for the company. He is also a sales coach for 7 Figure Runway and 7 Figure Altitude members.Want to hear more from Chad? Join him and the rest of the 7FF team at Flip Hacking LIVE, the #1 live event for impact-driven house flippers and wholesalers October 15-17, 2020, in Orlando, Florida!Enjoy the podcast? Subscribe and leave us a review!To hear all episodes of the podcast, visit https://7figureflipping.com/podcast. Hosted on Acast. See acast.com/privacy for more information.

In this episode, Bill Allen sits down with good friend and real estate entrepreneur, Beka Shea, to go deeper down the path of the entrepreneurial journey. In his book Entrepreneurial Leap, Gino Wickman identifies six traits entrepreneurs must possess in order to succeed. One of these six essential qualities is problem solving - something Beka Shea is uniquely good at (listen to the episode to find out why).Beka was one of 7 Figure Flipping's earliest success stories. Today, she's a member of the 7 Figure Flipping board of directors and serves as Director of Membership for our mastermind groups and mentoring programs. As an eternal optimist, Beka sees solutions to every problem. Hearing her outlook on life and business will energize your passion for solving whatever problems you may be facing in your own real estate investing operation.Want to hear more from Beka? Join her and the rest of the 7FF team at Flip Hacking Live, the #1 live event for impact-driven house flippers and wholesalers October 15-17, 2020, in Orlando, Florida. Enjoy the podcast? Subscribe and leave us a review!To hear all episodes of the podcast, visit https://7figureflipping.com/podcast. Hosted on Acast. See acast.com/privacy for more information.

Bill Allen sits down with his personal CPA, Chris Picciurro, to get the essential updates out to everyone preparing to file their PPP applications Friday, 4/10/2020, as independent contractors, sole proprietors, or self employed. Chris provides timely answers and information regarding EIDL updates, and new SBA guidelines as of 4/8/20.  Find out more about Chris here:http://realestatecpa.guru/Watch his videos here:https://www.loom.com/share/folder/6375e07a866942f4a93f8a2b43f41584...Check out https://7figureflipping.com/ for more resources too!Enjoy the podcast? Subscribe and leave us a review! Hosted on Acast. See acast.com/privacy for more information.

In this episode, Bill Allen talks with real estate entrepreneur, Andy McFarland, to discuss one of the “six essential traits” Gino Wickman says every entrepreneur must have: passion. Gino’s book, Entrepreneurial Leap, identifies passion as one of the absolute essentials to success as an entrepreneur, and very few people in the real estate world exemplify passion like Andy McFarland. Andy is a wholesaler, a retail flipper, a landlord, and the founder and CEO of Enlight Homebuyers. Andy has been a mentor to Bill and an inspirational leader to many.You can find Andy on Twitter @AndyMcFarland, and learn more about his business at https://enlighthomebuyers.com/. Enjoy the podcast? Subscribe and leave us a review!To hear all episodes of the podcast, visit https://7figureflipping.com/podcast. Hosted on Acast. See acast.com/privacy for more information.

So what’s going on with the CARES Act?And what does it mean for real estate investors?In case you haven’t heard, the US government just rolled out a “coronavirus relief bill” containing some financial programs for small business owners.There are some BIG benefits in here.But this whole thing can be a little confusing.There isn’t a lot of info available yet.So I asked my friend John Hyre to join me on the podcast today to break down what house flippers and wholesalers NEED TO KNOW about this stimulus package.John is a tax attorney and an accountant.And he’s the guy I turn to for complex financial stuff like this.If you want to know how to tap into the provisions of this bill and keep your business running strong over the coming months, listen in now!Links & ResourcesThere are a lot of changes happening in the real estate investing world right now. The CARES Act is just one part of this shifting landscape. I’m holding a live call tonight where I’m going to break down some of the other changes I’m seeing and what I’m doing differently in my business in response.It’s happening at 5:30 PM Pacific Time / 8:30 PM Eastern Time tonight. We’re limited in how many people we can have on this call… and spots are filling up. If you haven’t signed up yet, click the link below…CLICK HERE to Get a Spot on Tonight’s Live Call >>John Hyre held a webinar the other day where he went into extreme detail on the topics we covered in this episode. I actually bought this webinar for ALL of our 7 Figure Runway and 7 Figure Altitude members, because I believe it’s THAT important. (And because this is the kind of thing we do for our members.) If you’re a serious real estate investor, you need to see this. It’s well worth the cost. To watch it, click here: https://www.taxreductionlawyer.com/Covid19-Webinar.Like what you hear? Subscribe!If you've found any value or helpful information in the 7 Figure Flipping Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while you're at it, leave us a rating and a review so other investors who want to ramp up their own house flipping / wholesaling businesses can find us and get in on the good stuff! Hosted on Acast. See acast.com/privacy for more information.