7 Figure Flipping

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.

I’m making some changes to my business right now.We’re still flipping and wholesaling just as many houses as before.But we’re doing some things differently.And I’m holding a live call on Thursday where I’m going to walk you through EXACTLY what’s changing (and what you need to know) as the market shifts.I’m not going to try to predict the future.But there are some things we can ALL do right now to stay strong.I’ve never held a live call like this before, but I want to give us a chance to come together as a community.Zoom only gives us a limited number of spots for this call…So hit the link below to sign up.Live Call: 7 Figure Flipping Tactics for Today’s REI BusinessAccess Link: 7FigureFlipping.com/RememberDATE: Thursday, April 2TIME: 5:30 PM Pacific Time / 8:30 PM Eastern TimeThere are a lot of GOOD things happening right now.And there’s a lot of uncertainty too.The important thing is to NOT back away from what’s happening in the world.Instead, let’s talk about it and look ahead and be prepared.I’m going to talk about the changes I’m making in my business…I’m going to share some of the things our 7 Figure Flipping members are doing…I’m going to answers questions from our public Facebook group…So if you’re involved in the real estate world in ANY way, I want to put this invitation out to you.We’re all in this together.Let’s learn together and grow together.Here’s the link again for the call…CLICK HERE to Get a Spot on Thursday’s Live Call >>Talk to you soon.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.

With all the uncertainty in the world, what’s going to happen to real estate investing? Today I’m joined by the legendary Bruce Norris, an expert on real estate economics, who’s sharing his thoughts and insights on what the future could hold… listen in!Links & ResourcesReady to accelerate your house flipping or wholesaling business? Get your ticket to Flip Hacking LIVE, the #1 live event for impact-driven real estate investors who want to tap into the strategies that are working RIGHT NOW in today’s market. Register at FlipHackingLIVE.com!Already running a successful real estate investing business and want to reach the NEXT level? 7 Figure 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 grow BEYOND them.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 other high-level investors, head over to 7FigureAltitude.com and 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.

I just wrapped up an awesome podcast episode with Gino Wickman on Tuesday.And one of the things he shared really hit home for me…Gino talked about the “6 essentials traits” every entrepreneur MUST have.(Without these 6 traits, it’s very hard to succeed at running your own business.)These traits go deep.They aren’t surface-level skills you can pick up from a self-help book.They’re innate. They’re core to who you are.And they’re absolutely critical to success.But when I first got into real estate investing more than 5 years ago, I didn’t know anything about these “traits.”I didn’t know what it meant to be a “visionary,” for example.And I’m sure I’m not the only one.I know a lot of investors are hearing this stuff for the first time right now…And it just so happens that there are 6 incredible entrepreneurs on the 7 Figure Flipping board of directors who are shining examples of each of these characteristics Gino talked about.So over the next couple weeks, I’m doing something special.I’m going to sit down with all 6 of these guys and gals to dig into what these essential traits are, why they matter, and how you can apply them on your own entrepreneurial journey.Let’s start with the “visionary” trait.In today’s episode of the 7 Figure Flipping podcast, I’m bringing on one of the most visionary people I know.His name is Adam Rae.Adam is kind of the “Elon Musk” of real estate investing.He’s been on the podcast before……but this time, we’re entering some uncharted territory.We’re breaking down what it means to be a “visionary” leader and how Adam has honed and developed this trait into a superpower over the course of his life.The story starts when Adam was 10 years old…And it involves a bunch of old golf balls…Links & ResourcesIf you missed my interview with Gino Wickman where he introduces these 6 essential entrepreneurial traits, check it out at 7FigureFlipping.com!Ready to accelerate your house flipping or wholesaling business? Get your ticket to Flip Hacking LIVE, the #1 live event for impact-driven real estate investors who want to tap into the strategies that are working RIGHT NOW in today’s market. Register at FlipHackingLIVE.com!Already running a successful real estate investing business and want to reach the NEXT level? 7 Figure 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 grow BEYOND them.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 other high-level investors, head over to 7FigureAltitude.com and 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.

A lot of real estate investors fail.They burn out.They quit.They lose money.I’ve seen it happen again and again.And the #1 reason these things happen……is because they don’t understand what it REALLY takes to be a successful entrepreneur.I’m not talking about things like having money or time or knowledge or connections.(Anyone can get those things.)I’m talking about something deeper.Your mindset. Your personality. Your fears. Your beliefs. The decisions you make.These are the things that will lead you to success… or to failure.But most investors are flying blind when it comes to this stuff…So let’s talk about it.I just finished up recording a podcast episode with Gino Wickman, author of the bestselling book Traction and arguably the most impactful business success expert in the US today.He’s a master at helping entrepreneurs go from “struggling” to “rock star.”And in this episode, he’s breaking down…Why some entrepreneurs succeed while others fail…The 3 parts of the entrepreneurial “leap…”The 6 essential traits you MUST have if you want to succeed…8 critical mistakes that will KILL your business…How to find out if you have what it takes (and what to do if you DON’T)……and more.Listen in now!Links & ResourcesGino’s latest book, “The Entrepreneurial Leap,” is a master class on everything we’ve talked about in this podcast episode (and more). Get your copy on Amazon.com!Want to find out if you’re ready for the challenges of building a business? Gino has created an awesome self-assessment tool you can use to figure out whether you have what tit takes to thrive in the entrepreneurial world. It’s structured like a quiz and takes just a few minutes to complete. Head over to E-Leap.com to put yourself to the test!Ready to accelerate your house flipping or wholesaling business? Get your ticket to Flip Hacking LIVE, the #1 live event for impact-driven real estate investors who want to tap into the strategies that are working RIGHT NOW in today’s market. Register at FlipHackingLIVE.com!Already running a successful real estate investing business and want to reach the NEXT level? 7 Figure 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 grow BEYOND them.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 other high-level investors, head over to 7FigureAltitude.com and 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.

Philip Blake Porter did almost 100 deals last year.And a lot of those deals came from “overlooked” marketing channels.I say “overlooked” because I know a lot of real estate investors AREN’T using these strategies.I’m talking about things like…SMS marketing (text messages)…Ringless voicemail…Cold calling……and so on.The investors doing this stuff are getting in front of sellers faster…They’re landing deals other flippers and wholesalers are missing…And they’re tapping into higher-quality lead sources.Philip is one of the best marketers I know.So I asked him to join me on the 7 Figure Flipping podcast today to share his secrets on SMS, voicemail drops, and more.This is one of the most gold-packed interviews I’ve ever done.If you’re looking for some simple but powerful ways to get in touch with more motivated sellers, this is for you…Listen in now!Links & ResourcesTo learn more about flipping and wholesaling houses, join our free public Facebook group, “7 Figure House Flipping and Wholesaling!”Philip is a member of the 7 Figure Altitude mastermind group. And when he joined, his business REALLY took off.He started hitting $100,000 per month consistently just 3 months in… all because he made the decision to surround himself with investors who were already doing it.If you’re an experienced house flipper or wholesaler, and you’re ready to start hanging out with guys like Philip and swapping knowledge with the members of this group, then head over to 7FigureAltitude.com and apply to join. It’s not for everyone. But if it’s a good fit, let’s get you in and start ramping up your business.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.

Today’s episode of the 7 Figure Flipping podcast is a bit different.There’s a lot of fear and uncertainty in the world right now…So today, I want to share a message of hope.One of my best friends from high school, Natalie Hennes, went through something that shook her world a couple years ago…She’s always been a stellar athlete.In high school, she played soccer and basketball and ran track.Later she worked in sports marketing and coached soccer, and got into personal training.In the summer of 2017, she was in the best shape of her life—eating well, exercising, coaching, and training.Then, out of nowhere, she was diagnosed with oral cancer.Oral cancer is one of the more dangerous forms of cancer.On average, it has a 40% fatality rate.Within a matter of days, Natalie found herself fighting a battle she never imagined she would face.I asked her to share her story on the podcast today, for a few reasons…First, everyone is going through something. Knowing that others have fought battles (and won) gives us the courage and the inspiration to push through.Second, you can take the lessons from this episode and apply them to anything in your life, including the challenges you face in your business.And third, most importantly……one of our 7 Figure Runway members was recently diagnosed with cancer.I want him to know we have his back and we’re supporting him and thinking of him.I want this episode to serve as a lightning rod for the 7 Figure Flipping community to build each other up now and in the future.That’s what families do.So with that said, let’s dive in to Natalie’s story of perseverance…Links & ResourcesNatalie recently shared her story on YouTube. Check it out here… https://youtube.com/watch?v=fnPr3f9XODQ.You can follow Natalie on Facebook, Twitter, and Instagram at the links below!Facebook: @NatalieCoxHennesTwitter: @NatalieHennesInstagram: @natalie_hennes_ptApril is Oral Cancer Awareness Month. Sadly, despite its lethality, oral cancer is often overlooked in the media and in popular discourse. Natalie is committed to changing this. To learn more about oral cancer an to support further research, visit the Oral Cancer Foundation at OralCancerFoundation.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.

Sheri got into real estate investing by accident.She owned a home but had to move, so she rented it out.That got her hooked on the idea of making money in real estate.But she lives in Southern California……where home prices are pretty steep.Sheri was determined, though…So she became something of an expert at raising private capital to fund her flips.I asked her to join me on the podcast today to share how she does it.Our conversation gets into things like…How she did her first rehab in 12 days…How she grew from 3 deals per year to 14 houses per year in 2 years…Why she DIDN’T accept $600,000 in private funds one potential lender…What happened when she lost money on a house…Where her private money is coming from (mostly all 1 method)…How she closed a $720k seller finance deal that should net $200k profit…Why she now has complete confidence that she can fund any deal she gets……and more.I’ve put out a few episodes recently on “raising money.”And I’ve focused on this topic for one simple reason…Every day, I get multiple messages (from new and experienced real estate investors alike) who tell me they’re “stuck” because they’ve run out of money.My goal these past couple weeks has been to show you how to break through that obstacle.There’s a ton of money out there…It’s just a question of understanding how to put it to work for YOU.With that in mind, let’s dive in to my interview with Sheri…!Links & ResourcesSheri is a member of the 7 Figure Altitude group. I’ve brought a few of our members on the podcast recently… and one thing I always ask is “What made you decide to join?”In Sheri’s case, she just renewed her membership for a second year. And her reason for staying? “Learning how to do things faster, better, more efficiently,” she says. That’s just part of it… she shares more in the episode.If you’re interested in joining 7 Figure Altitude, I invite you to fill out a short application and we’ll talk and see if it’s a good fit. Head over to 7FigureAltitude.com to apply!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.