7 Figure Flipping with Bill Allen

When I first started flipping houses, I didn't have any money.So I did what a lot of new investors do…I found a “joint venture partner.”This guy had some money and wanted to put it to work. So we teamed up.He supplied the funding, and I did all the “work” of finding the houses, getting them under contract, managing contractors, keeping the projects on time and on budget, and then selling the houses.We split the profits 50-50.This arrangement was fine for a while……but I was putting in a lot of long hours.And my JV partner didn’t have enough funds to pay for multiple projects at a time.I needed to raise more capital.But I had no idea where to begin.Then someone pointed me toward a book called “Getting the Money,” by Susan Lassiter-Lyons.And I can honestly say that getting funding has NEVER been an issue for me again.I’ve probably given away 100 copies of this book since then.It’s a game-changer.And today, I’ve invited Susan Lassiter-Lyons onto the podcast to share her story and her advice for real estate investors who need funding.This is one of the most powerful conversations I’ve ever had on this show.Susan is digging into stuff like…The #1 biggest constraint in her real estate investing business…How she tried (unsuccessfully) to get money from banks…The one thing that was eating into her profits the most…How to structure your pitch (when you’re first getting started)…The questions you should ask when screening a private money partner…The 3 types of people you should approach for money…The timing of WHEN you should work on raising capital…The 2 components of a successful money pitch…Why it’s important to just “be yourself” (and what that means)…The “low hanging fruit” of private money…How to make it so money is NEVER a limiting belief again……and more.If you’ve been struggling to come up with capital to fund your flips, this is for you.Let’s dive in!Links & ResourcesIf you want to raise a TON of private money fast, there’s only one book you need… grab a copy of Susan’s book “Getting the Money” on Amazon.You can also check out her work at SusanLassiterLyons.com!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.

When I first got into real estate investing, I hated to spend money.So I would go to the library and check out books.I read books about real estate, business systems, personal growth, and so on.But there was one issue I couldn’t wrap my head around at first…As investors, we buy houses at a discount.We go to sellers and we make below-retail offers.This is where our profit comes from.But what’s in it for the SELLER?Why would any seller accept one of these low offers?This used to bother me.Then on one of my trips to the library, I picked up a book I’ll never forget.It changed how I thought about everything.It was “The Go-Giver” by Bob Burg.And it taught me a lot…But one of the biggest things it taught me was how to create “win-win” deals.It gave me the answer to “What’s in it for the seller?”This book is powerful…And for the past couple months, I’ve been trying to get Bob Burg himself to come on the podcast and share his insights.Well, I’m happy to announce that it finally happened…Bob and I hung out for about 45 minutes while he shared the 5 secrets to excelling in business and in life.(The same 5 secrets that helped me close more deals when I was getting started.)Check out the interview!Links & ResourcesI give a copy of “The Go-Giver” to EVERYONE who joins the 7 Figure Altitude group.That’s how important this book is.If you’ve never read, it, go get a copy (it’s life changing and it’s a quick read).Our community is built around the principles of abundance and giving value to others. If you’re an experienced house flipper or wholesaler and you’re ready to surround yourself with other serious investors driven by the same “go-giver” mentality that Bob talks about in this podcast episode…...then I invite you to apply to join us in 7 Figure Altitude. Head over to 7FigureAltitude.com to apply to join!To learn more about Bob and check out all of his work, head over to his website, Burg.com!One of the most powerful outcomes of Bob’s “go-giver” approach to business is that it naturally leads to authentic word-of-mouth marketing and massive amounts of referral customers. Bob has built an entire training system around the concept of “Endless Referrals.” If you want to generate a flood of free referral customers for your business, head over to EndlessReferrals.com to learn more.Bob referenced a specific “secret” in this episode that he broke down in detail on his blog. You can check it out here: https://burg.com/2013/07/the-secret-of-selling-need-not-be-a-secret/.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.

What if you could flip 80 houses per year……without spending ANY money on marketing?That’s what Jesse Trujillo is doing right now.And he’s doing it in one of the most expensive and competitive markets in the nation (San Diego, CA).So how is he getting his deals?Through relationships.He’s built a curated network of agents and wholesalers who bring him their hottest deals on a silver platter.But it wasn’t always this way.10 years ago, Jesse and his wife and their newborn son were living in a garage with $0 to their name.So I asked Jesse to join me on the podcast and share his story.If you want to learn how to use the power of relationships to build a house flipping empire without spending a dime on marketing, this is for you…Let’s dive in!Links & ResourcesJesse is a member of 7 Figure Altitude.Altitude is a mastermind group for experienced house flippers and wholesalers who want to get out of the day-to-day grind so their businesses can truly GROW.This group is where you’ll level up your relationships.It’s where you'll connect with other serious investors.It’s where you’ll learn how to systematize and scale your business while working less.If you’re ready to surround yourself with guys like Jesse, head over to 7FigureAltitude.com to apply to join!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.

Direct mail is getting harder.It’s getting more expensive.Response rates are lower.But it’s still our #1 source of motivated seller leads (by far).And when you do it right, it’s INCREDIBLY effective.Do it wrong, and you’ll waste a lot of money.So let’s talk about how to do it RIGHT…Justin Silverio is a real estate investor who flips, wholesales, and develops new houses and multi-unit properties in the Boston area.He also runs a mailhouse called Open Letter Marketing……where he sends out 750,000 letters and postcards per MONTH for investors all over the country.When it comes to direct mail, Justin knows what works (and what doesn’t).So I asked him to join me on the 7 Figure Flipping podcast to share his secrets.We’re digging into stuff like…One of his top performing mailers right now (it’s unusual)…How to use “list stacking” to get better leads…What filters to use (and NOT use) when buying lists…One “secret” list he’s getting from ListSource (I had never heard of this)…The “overlooked” properties he’s mailing to get $100k to $200k wholesale fees…When to send postcards versus letters (and when NOT to)…Tracking the results of your marketing campaigns……and a whole lot more.Listen in here!Links & ResourcesJustin is a member of the 7 Figure Altitude group. That means I get to pick his brain about direct mail strategies all the time. It’s guys like Justin (and our other members) who make this group awesome. If you want to tap into this kind of knowledge and surround yourself with other experienced investors who are serious about helping each other grow, let’s talk. Head over to 7FigureAltitude.com and apply to join the group. If it’s a good fit, let’s get you in before our next meeting in April! I recorded a 1-hour video on how to use ListSource to pull quality leads. If you want to check it out, you’ll find it in our free Facebook group, "7 Figure House Flipping & Wholesaling." I see so many real estate investors making mistakes when they pull their lists. Go join the group and watch the video now!Justin runs a mailhouse called Open Letter Marketing where he sends out 750,000 letters and postcards per MONTH for investors all over the country. If you want to learn more about his services, check out OpenLetterMarketing.com or reach out to Justin directly at justin@openlettermarketing.com.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.

If you’re flipping or wholesaling houses, your job is to get in front of as many motivated sellers as you can.The problem is, these sellers are hard to find.Marketing is a major expense for real estate investors…And some of the “tried and true” marketing methods, like direct mail, are getting more and more expensive… while bringing in fewer results.So what’s the “next” big lead source?Stephanie Betters says it’s Facebook.And she’s got proof.Let me ask you this…What if you could get highly motivated sellers to contact YOU……while also building trust BEFORE you go on the appointment?(So much trust that the seller will give you a hug the moment you arrive?)And what if you could do this without making any phone calls or sending any mailers?Without buying lists or pissing off any unmotivated homeowners?What if it was as simple as opening a Facebook message?And what if you could collect $180,000 in wholesale fees per year JUST with this 1 method?Well, you can…Stephanie and her husband Zach are doing this right now.They average about 3 deals per quarter form Facebook.And some of those deals have been MASSIVE (including one $60,000 wholesale fee a couple months ago).I’m sitting down with Stephanie on the 7 Figure Flipping podcast today as she breaks down how she’s generating leads and building trust through Facebook……and why it’s the #1 overlooked marketing method for real estate investors.Let’s dive in!Links & ResourcesIf Facebook marketing is so great……why are so many real estate investors ignoring it?The answer is… many investors don’t know how to build real, authentic engagement with their followers.They don’t know what to post.They don’t know how to inspire conversations with their followers.It’s not enough to just post an inspirational quote once a week.To help solve this problem, Stephanie is giving away a few “cheat sheets” she uses to generate engaging content on her own Facebook page.You can literally fill in the blanks and use these same content ideas yourself.(And you KNOW this stuff works.)To grab a copy of Stephanie’s “cheat sheets,” head over to 7FigureFlipping.com/fbm.If you want to see what Stephanie is doing on her company's Facebook page, check it out at https://www.facebook.com/bettershomes/.And if you're a real estate investor and you're interested in having Stephanie manage your social media marketing, you can reach out to her at stephanie@choosebetterpath.com!Catch you on the flip side!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.

The #1 thing house flippers and wholesalers struggle with is finding deals.If you want deals, you need motivated seller leads.Getting these leads isn’t easy.But what if I told you……you can tap into an endless supply of motivated leads by using 1 specific deal source that most investors are skipping?Well, it's true...Sharon Vornholt is the queen of probate leads.I’m starting a new podcast series focused on marketing strategies……so I asked Sharon to break down her probate strategies on today’s episode.We’re digging into stuff like…How she accidentally became a wholesaler…Why finding properties “off market” is easier…The #1 mistake most investors are making with their direct mail…How to never run out of motivated seller leads…How probate deals work and how to contact the sellers…How to get lists of probate leads and what to look for…The 4 pieces of information you need when doing probates…What questions to ask when you contact probate leads…What type of mail you should be sending to probate leads…What problems to watch out for during the probate process…The 1 “extra” clause she puts in her contracts (and why)……and more.If you’re brand new to real estate investing, probate leads are a great place to start.It takes time and careful research to stay on top of this resource… and as a result, many of the bigger investing companies (like mine) don’t focus on these leads.On the flip side, if you’re an experienced investor and you’re running a successful flipping or wholesaling company already, this may be one area you’re overlooking.So either way, this episode is a goldmine. Listen in now!Links & ResourcesSharon is giving a MASSIVE discount on her probate training course ONLY for our listeners and subscribers.She’s created a detailed program that walks you through exactly how to tap into this “endless” supply of motivated leads.So listen to the episode above……and then head over to ProbateInvestingSimplified.com and use the coupon code “Bill50” at checkout to get 50% off the price.(This discount is ONLY available for the next week or so… after that, it’s going away.)You can also learn more about Sharon at her website, LouisvilleGalsRealEstateBlog.com.Catch you on the flip side!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.

I just spent 7 days hanging out on a cruise ship with 100+ real estate investors.It was the first-ever 7 Figure Cruise……and it was awesome. A huge success.We had close to 200 people in our group (our members and their families).We spent about half the time enjoying the Caribbean……and the rest of the time masterminding and working on our businesses.We held a variety of sessions on topics like sales, marketing, hiring, KPIs, leadership, business systems, and more.And I want to give you an inside look at what went down.Toward the end of the cruise, I decided to hold one final session…I went up to the front of the room and stood at the whiteboard.And I asked our Altitude and Runway members, “What doubts do you have in your head right now?”We had just spent 6 days covering all this awesome material…But going home and actually implementing this stuff can be challenging.It’s overwhelming.It’s scary.And unfortunately, I know too many real estate investors who never apply what they learn because their own fears and self-doubt hold them back.I knew we had to address this before we got off the boat…So I asked our members to share what they were feeling in that moment.And as they spoke up, I started writing down a huge list of “doubts” on the whiteboard.Negative thoughts. Limiting beliefs. False assumptions.And we spent the next hour or so obliterating those mental obstacles.That final session turned out to be the most popular session of the cruise by far.So I want to share part of it with you.I want you to see what really happens at our events…But more than that, I want you to see that all of us, even the most experienced investors in the room, struggle with doubt sometimes.The question is, are you going to let it rule you? Are you going to let it stop you?Or are you going to crush it?Links & ResourcesWe’re definitely holding another cruise for our members next year.But we have a few more events lined up before that.If you’re an experienced house flipper or wholesaler…And you want to get in this room……our next mastermind meeting is happening in Atlanta in April.Let me know if you want me to save you a seat.Head over to 7FigureFlipping.com and apply to join the group.Let’s talk and see if it’s the right fit.I’d love to hear from you and find out what you’re struggling with in your business so we can help you crush it and reach your goals.Catch you on the flip side!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.

My 5-year-old son Will just learned how to ride a bike.He was scared at first.He would put one foot on just one pedal and push himself forward a few inches.That was all he wanted to do.Then he started getting the full “pedaling” motion down, but only for a few seconds.Then he started learning to balance.I was outside with him every afternoon practicing this stuff.We would do 15-minute practice sessions, then we’d hit the playground.And for a few days, that was all it was…Small, gradual progress.Then one morning, a week or so ago, he woke up and said “Daddy, I had a dream last night that I was riding my bike by myself.”I said, “If you think you can do it, you can do it.”He couldn’t wait to get outside with his bike.And that day, something awesome happened…He pedaled the full length of our driveway on his own.When he got to the fence, he jumped off and ran to me and said “Daddy, my dream came true!”It was an incredible moment.But what does any of this have to do with real estate investing?Glad you asked…I learned a few powerful lessons watching Will master his bike.And I want to share them with you…Links & ResourcesNo matter where you are in your real estate journey, there are some takeaways here for you.And speaking of takeaways…My team and I just put together a pretty awesome tool you can use to figure out what you need to work on next in your house flipping or wholesaling business.Head over to 7FigureFlipping.com/quiz to check it out!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.

Chad Lundell launched his real estate investing business a couple months ago.He got his first solid lead after just 3 days.Since then, he’s closed 4 deals.From the outside looking in, Chad might look like an overnight success.But there’s more to the story...To REALLY understand the journey Chad is on, we have to go back 17 years.Chad has faced more adversity than just about anyone I know. I’ll let him tell the whole story, but to give you an idea of what I mean…There was a point where he didn’t want to keep on living.There was a point where he was effectively homeless, with only the clothes on his back.And then, there was a point where he ended up sitting on an airplane next to a guy named Andy McFarland.Andy is one of the top wholesalers in the nation. He’s one of the founding leaders of 7 Figure Flipping. And in addition to his wholesaling operation, he also flips houses and holds a rental portfolio.Chad, it turns out, was living in one of Andy’s rentals at the time.And one year ago, in February 2019, they found themselves sitting side by side on a flight to Colorado. (Check out the photo for proof.)That moment changed everything for Chad…So I asked him to join me on the podcast today to share his story and talk about how he’s building his real estate investing business faster than just about anyone else I know.If you’re ready to see an incredible story of personal transformation……then this episode is for you.Oh, and remember how I said Chad was sitting next to Andy on a plane one year ago?The day of that flight was February 4th, 2019.Completely by accident, we’re releasing this podcast on February 4th, 2020, exactly one year later.Coincidence? Or something more? That’s for you to decide…Let’s dive in!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.

The reason so many investors stay broke even though they’re working hard……is because they don’t have a SYSTEM for managing their cash flow.I was in a pretty rough spot 2 years ago.(You’ve probably heard this story before…)I didn’t have any cash.My wholesaling / flipping business was growing like crazy…But my credit cards were maxed out and we could barely buy groceries.I know a LOT of investors who are in this same spot right now.I know how much it sucks.The way I fixed it was by plugging into a system called “Profit First.”This system is pretty simple.But it’s also counter-intuitive……and most business owners would never think to arrange their finances this way.(I know I didn’t.)It really WORKS, though…I’m not paying my company’s expenses out of my own pocket anymore, which is a great feeling.I want to share this system with you…And I figured, what better way to do that than to bring in the guy who came up with it?Mike Michalowicz is the creator of the “Profit First” system.He wrote the book on it (literally).He’s a serial entrepreneur and a best-selling author……and I asked him to join me on the podcast today to break down this one simple accounting structure that has saved my sanity, my marriage, and probably my entire business over the past year or so.(Seriously… I’m only slightly exaggerating.)Mike is an incredible, down-to-earth guy……and his insights are changing the way real estate investors scale their companies.So with that said, let’s dig into one of my favorite podcast episodes ever…!Links & ResourcesIf you're ready to start keeping more of your income and getting out of the cash flow crunch, grab a copy of the book “Profit First” on Amazon.Mike’s newest book is called “Fix This Next,” and it’s all about figuring out the #1 problem you need to solve right now to take your business to the next level. You can pre-order it on Amazon.And if you want to learn more about the Profit First system and Mike’s other work, head over to MikeMichalowicz.com!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.