7 Figure Flipping with Bill Allen

If you know me, you know real estate investing is my “thing.”It’s how I provide for my family.It’s the main subject of my podcast.It’s what I talk about in emails like this one.But today I want to share something very different.This isn’t going to be about real estate.(Not directly, at least.)I just finished up recording a new podcast episode……and the man I interviewed is not an investor.He’s a pastor.Curtis Zackery is a pastor at Church of the City, the church I attend with my family.I asked Curtis to join me on the podcast today to talk about what TRUE success looks like.It isn’t just money.It isn’t just the size of your business or the number of deals you’re doing.In the end, these things don’t bring lasting fulfillment.So Curtis and I are digging into some of the “deeper” questions of life…Why are you waking up and working hard every day?What’s the defining purpose that pulls you forward?And what should you do when that purpose starts to fade? When you start to feel burnt out?I know this type of message may not resonate with everyone.But regardless of your spiritual beliefs, I invite you to listen in……because if you want to live a life of purpose and meaning and wholeness, what we’re talking about today matters more than anything else.Let’s dive in!Links & ResourcesCurtis recently released a book called “Soul Rest” that goes much deeper into what we talked about today. If you’re ready to do the intentional work of building a sustainable, purposeful life, head over to SoulRestBook.com and get a copy!He’s also starting a ministry called “Find Rest” designed for people in the business world who are serious about achieving a sustainable, healthy spiritual order in their lives. Check it out at FindRest.org!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.

2 years ago, I was completely stressed out.On the surface, everything in my life was going great…My real estate investing business was growing.We had multiple deals under contract and in progress.I had moved my family into a nice new house.My net worth was higher than ever before.But under the surface, we had a big problem…I didn’t have any cash.If I wanted to buy groceries, I had to pay with a credit card……and pretty soon, those were maxed out.And yet I was running a “successful” wholesaling and flipping operation.So what was the problem?The problem was, I was stuck on the “cash flow roller coaster.”This is one of the biggest challenges you’ll face as you grow and scale your real estate investing business.And it’s the #1 reason why companies fail.2 years ago, I was at a major cash flow “low point.”And I got there because I made a few specific mistakes.But there IS a way to make cash flow a non-issue.So on today’s episode of the podcast, I’m going to share what I’ve learned……and show you how to protect yourself (and your business) from running out of cash like I did 2 years ago.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.

Last year, Tanner and his cousin Travis flipped 128 houses.To those who know them, that number isn’t surprising… they’re both hard workers and they’ve been growing their business for a few years.But there was something different about last year.Last year, Tanner was able to take 6 weeks off to vacation with his family…He was “unplugged” for the entire month of July (and then some).And for Tanner, that was his goal all along.That’s what real estate investing is about……having the FREEDOM to spend time with loved ones.This freedom comes from the way Tanner runs his business, the way he manages his money, and the financial habits he’s learned throughout his life.So I asked him to join me on the podcast today to share his wisdom so YOU can tap into the same success habits that have helped him on his journey.In this episode, we’re digging into stuff like…The financial habits you need to achieve “freedom…”What most people get wrong about saving money…What entrepreneurs SHOULD be doing if they want to be free…What Tanner learned as a kid sitting at the dinner table…The #1 investment he puts his money into again and again…What he learned from Flip Hacking LIVE 4 years ago…The financial lesson he taught his 8-year-old son almost by mistake…What he’s doing with his self-directed IRA…The importance of having an owner’s equity account…What he saw when he walked through the door of his 1st flip (it was horrible)…The easiest way for a business to get into “hot water” financially…The 1 number that most entrepreneurs overlook and don’t track……and more.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.

4 years ago, I was flipping 1 to 2 houses per year and spending my nights and weekends trying to “grow” my business.I was putting in long hours. I was learning everything I could.I was working hard.At least, that’s what I told myself.Looking back, the biggest obstacle to my success was… me.I was getting in the way of my own growth and I didn’t even know it.This is one of the biggest problems investors face.If you’ve been doing this business for a while and you’re struggling to grow…Or if you’ve been wanting to get into flipping houses but you’re still sitting on the sidelines because you’re too unsure or hesitant to jump in……then I want you to watch this (click here).I sat down with an incredible guy named Setema Gali to talk about what it takes to reach “peak” performance in business and in life.If you’re ready to get out of your own way…If you’re ready to push yourself to the next level…If you’re ready to start consistently CRUSHING your goals and ramping up your real estate investing operation……then this may be the most important video you watch this year.Let me explain…Setema started his professional career doing something most people only dream of…He got into the NFL and won a Super Bowl ring playing for the Patriots.Then he got injured.With his NFL days behind him, he started working in the mortgage business.And he did incredibly well for a while…Until the market crashed.After that, he lost everything.His cars got repossessed. He moved his family into a small townhome and started working as a door-to-door salesman. He could barely afford to pay rent and utility bills.He ended up selling his Super Bowl ring to make ends meet.That was 10 years ago.Today, Setema is one of the top executive coaches in the nation.He’s an author, a speaker, and an expert at personal transformation and professional development.He’s been through a ton of adversity in his life……and yet he’s risen through it all to “elite” level again and again.So what’s his secret?Setema’s success comes down to a few “mindset habits” that have helped him overcome obstacles and elevate his thinking in ANY situation… whether he’s training for the Super Bowl or building a business.And if you’re ready to break down barriers and ramp up your real estate investing operation……then these habits will help YOU too.This is powerful stuff… let's dive in!Links & ResourcesIf you want to learn more about Setema, tap into his expertise, and get inspired to achieve peak performance in everything you do, check out Setema's podcast and other content at his website, SetemaGali.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.

In his first year flipping houses, Kyle Burnett lost $700.That was in 2016.By mid-2018, he was making decent money and had a few flips going simultaneously, but he was doing all the work himself and it was eating up his evenings and weekends.“Everything was operating at 50%,” he says. Nothing was great.He joined the 7 Figure Altitude mastermind group around that time.Last year, he earned a solid 6-figure net profit.He currently has 5 flips underway and is closing on several more.And more importantly, he’s been able to step back and take his family on some vacations while freeing up more of his time.Just another success story, right?Well, yes… but there’s a bit more to it than that.I asked Kyle to join me on the podcast today to share his top success habits… the daily practices and mindset shifts that have made him successful.And we DID get into that.But the conversation ended up going a different direction than I expected.Here’s the thing…Just like me and you and everyone else, Kyle has had his share of struggles.And just like all of us, there are things he’s still struggling with right now.We’re all on a journey.We’re all still learning and growing.And the only way to TRULY grow is to be open and vulnerable.There’s a LOT we can learn from Kyle’s story and from what he had to say in this interview… so let’s dive in!Links & ResourcesIf you're a real estate investing bringing in $1,000,000 or more in gross profit per year and you're ready to elevate your relationships and connect with other high level investors, I'd like to invite you to the Island Mastermind meeting I'm hosting in Turks & Caicos this May. If you want a spot, click here to apply. The deadline is this week... so don't put this off!Flip Hacking LIVE tickets for October 2020 are available now! This event sells out every year, and as a result, the ticket price will be going up as the event gets closer... so if you haven't gotten your ticket to yet, click here to sign up now!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.

Sometimes I hear investors say flipping and wholesaling houses “doesn’t work” anymore.They talk about how they “can’t find any deals…”They talk about how the margins are too thin and there’s no “meat on the bone…”They talk about how there are “too many other investors…”And so on.Any of this sound familiar?If you ask these investors WHY they’re struggling, they can usually give you a long list of reasons…They’ll blame sellers for pricing their homes too high.They’ll blame the “market” for being too cold (or too hot).They’ll blame their contractors or agents or other team members for dropping the ball.You get the idea.All of these reasons have 1 thing in common.They’re all “external.”But the REAL reason some investors burn out and quit is because they’re lacking 1 key personality trait.You HAVE to have this if you want to succeed in real estate…And the good news is, anyone can learn it.This is just one of the success secrets Tyler Jensen and I are digging into on today’s episode of the podcast.You might remember Tyler as the guy who started and finished a full $40,000 rehab in 7 days.At Flip Hacking LIVE, he shared how he and his team did it, step by step.It was awesome.But today, I want to get a bit more personal…I asked Tyler to share the mindset practices and success habits that have helped him ramp up his house flipping business over the past couple years.And there are some big takeaways here...Real estate investing isn’t easy.This isn’t a “get rich quick” business.But if you stick with it and surround yourself with the right people, you can achieve some incredible things.Get out there and take action! Hosted on Acast. See acast.com/privacy for more information.

In December 2018, I gave my wife an empty box for Christmas. No, it wasn’t a “gag gift.” It was literally just an empty box. I remember the look on Lucy’s face when I gave it to her… I could tell she was kind of confused (which is totally fair). So I said to her… “Every day, at 5:30 PM, I’m going to put my phone in this box. I’m going to unplug myself from my business. And I’m going to spend the evening completely focused on you and the kids.” That was my promise to her. And it was one of her favorite Christmas gifts ever. But halfway through 2019, things changed. I took over as the CEO and owner of 7 Figure Flipping. I was running 2 businesses, each with full teams of employees I was responsible for. I was sleeping 2 or 3 hours a night. So I talked with Lucy, and I said, “Hey, things are kind of crazy right now…” I explained the situation. And she understood. After that, the phone stopped going into the box. I was pretty bummed about not being able to stick with it. And I remember one day just before Flip Hacking LIVE I saw that empty box sitting in our living room and realized it had been months since I’d put my phone in it. A thought crossed my mind… The same thought we all have when life is crazy-busy and stressful. I thought, “I wish there were more hours in the day. I wish I could get more done in less time.” If I could have figured out a way to accomplish 3X more per hour, I would have had PLENTY of time to spend with Lucy and the kids every day. If I could have TRIPLED my work output… ...then I could have put my phone in the box at 4:00 PM if I’d wanted. That would have been awesome. I’m sure you’ve felt this way too… We’ve ALL wished for more hours in the day. We’ve all wished we could be more productive. And at the start of a new year, we’re all thinking about how to get more done and hit our goals. So I want to bring some special on the podcast today… Nina is a real estate investor. But in addition to that, she’s the creator of an incredible time management system that she uses to 3X her productivity. Her system is mind-blowing… And the story of how she developed it is pretty incredible. Imagine working a 9-to-5 job and having all your daily tasks completed by mid-morning. Imagine being able to do all the work you’re currently doing, but in half the time… or in one-third the time. This is the kind of stuff we’re getting into in today’s episode. Nina is going to share… What she learned on her multi-year mental health research journey…What yelling at a McDonald's worker taught her about her own brain...How your physical environment affects your mental state…Why multitasking is a massive problem…Why you should turn off the notifications on your phone…How to stay in control of your day (instead of putting others in control)…How boundaries help you avoid “setting yourself up to fail…”Why saying “no” is important (and what you’re ACTUALLY saying no to)…The 3 main steps to planning your day…The 4 levels of priority for your daily tasks…Why “urgent” doesn’t mean a task is a priority…Why you only have 75% of the time that you THINK you have…The red, yellow, and green zones of your day (and why they matter)… …and more. Boosting your productivity is one of the fastest ways to accelerate your personal and professional growth… …and Nina is THE productivity expert. Let’s dive in!And if you want to learn more about Nina’s system, head over to her website BoldlyAndCo.com.Her productivity system hinges on a specific planner that she and her friend Mary developed, as well as training and coaching that go along with it.Check it out! Hosted on Acast. See acast.com/privacy for more information.

I’ve been talking a lot about GOALS lately.Goals are important.You’re not going to grow your house flipping or wholesaling business by accident.You need to start the year with a clear vision of what you want to accomplish.That takes goals.But there’s a RIGHT way and a WRONG way to set goals.Do it the wrong way, and your goals won’t stick.You’ll burn out or get sidetracked.I think we’ve ALL done this in the past… how many of your previous New Year’s resolutions got abandoned halfway through January?(For me, the answer is “just about all of them.”)The thing is, it’s not enough to just “set some goals.”You need to set the RIGHT goals in the RIGHT way.And to do that, you need to keep 3 THINGS in mind.Those 3 things are what we're digging into here today.My friend Beka Shea is the queen of setting goals and sticking to them.If you heard her speak at Flip Hacking LIVE, you’ve witnessed her passion for personal accountability firsthand.The other day, she told me she wanted to put together a goal-setting exercise for everyone in our mastermind groups.I told her we already have way too much going on……and she said “Yeah, that’s why we NEED to do this.”So I agreed……and Beka created an awesome tool that walks you through the RIGHT way to set your annual goals (for your business and for yourself).I knew we had to share it with our podcast listeners and subscribers……so on today’s episode, Beka and I are breaking down how to set goals and the 3 things you need to have if you want to make 2020 your most IMPACTFUL year yet.If you’d like to grab this worksheet for yourself……you can download it at 7FigureFlipping.com/Goals.But make sure to listen to this episode FIRST to understand how to use it.I can’t wait to see what you accomplish this year… here’s to 2020! Hosted on Acast. See acast.com/privacy for more information.

Happy new year! Happy new decade! A couple days ago, I told you about everything that went WRONG for me and my company in 2019. Today, I want to talk about 2020. There’s a lot at stake. And a big part of your success this year will come down to your goals. What are your goals for the year? Are you aiming too small? Or too big (which is an even bigger problem)? Every year, I come up with a single-word “theme” and align my goals around it. This “theme” is what I’m truly trying to accomplish over the course of the year. Last year, the word was STABILITY. (Listen to the previous episode and you’ll see why.) This year, the word is CLARITY. If you’re a real estate investor, I want to help you make this your best year ever. I figured the best way to do that is to break down MY goals for 2020 here and explain how and why I’ve chosen them. (And also the reason I’m choosing “clarity” as the theme.) Let’s dive in! Hosted on Acast. See acast.com/privacy for more information.

I had an interesting conversation the other day… I was talking with one of our 7 Figure Altitude members. She’s a successful real estate investor, and she’s been doing well for a while. But this year, she ran into some rough patches. And as we talked, she said to me, “I wish I was like you… everything YOU touch turns to gold.” It caught me off guard. Yes, I have had a lot of success in my wholesaling / flipping business. But there are ALWAYS ups-and downs… and when I look back over 2019, I see a LOT of mistakes and missed goals and things I could have done better. So I decided to do something different on the podcast today. In today's episode, I’m going to tell you what I failed at this year. (And get ready… it’s a long list.) The thing is, nobody’s perfect. There will always be room to improve. As you grow, you’ll face new issues and new challenges. Doesn’t matter how successful you are. What matters is, are you learning from your failures?  And are you taking what you learn and using it as fuel to propel you forward? With that in mind, let’s dive in to what went WRONG in 2019…And if you haven’t gotten your ticket to Flip Hacking LIVE 2020 yet, the ticket price is going up TONIGHT. We’re holding the event in Orlando, FL, October 15-17. And since this is our first time taking Flip Hacking LIVE to the East Coast, I recently dropped the ticket price back down to the early-early-bird level. Until tonight, you can get a spot at the event for $397. But that’s going back up again at midnight. So take a moment out of your New Year celebration and grab your ticket now. Head over to FlipHackingLIVE.com to sign up! Happy New Year! Hosted on Acast. See acast.com/privacy for more information.