7 Figure Flipping

Listen to This EpisodeIf you’re new to house flipping and wholesaling, keep this in mind…Imperfect action is better than doing nothing.It’s good to learn everything you can…It’s good to be prepared…But at some point, you HAVE to take action.You have to take the first step.  Then the next step.  And the next.The pieces aren’t going to click into place until you start actually DOING something with what you’ve learned.I just finished chatting with Jaime Lazcano, a house flipper based in Texas.He’s new to real estate investing.And he’ll be the first to tell you that he still has a lot to learn.But he’s already finishing up his first 2 deals……and he’s on the path to do 8 more this year.He just hired his first employee.Within a few months of starting this journey, he’s already in growth mode.So how did he get these 2 deals?And what did he learn along the way?That’s what we’re digging into in today’s episode of the podcast…Get ready to be inspired!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 (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff!  If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them!The post 7FF 297: How Jaime Landed His First 2 Deals (And Why it’s Okay to Make Mistakes) appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Listen to This EpisodeI want you to imagine something for a moment…You find a house on the MLS that you want to buy.You call up the listing agent and say you’d like to make an offer.The agent says, “Sure! Go ahead and fax me the offer.”What’s the first thought that would go through your mind?Probably something like What year is it?!Larry and Janet French had this exact conversation with an agent not too long ago.They’ve been in the real estate investing business since 2006.And when the agent asked them to “fax the offer,” Larry says it taught them an important lesson.That lesson is just one of the things Larry and Janet are sharing on today's episode of the 7 Figure Flipping podcast.Their real estate journey has been an unconventional one…They’ve flipped houses, bought rentals, and done a lot of private lending.At the start, though, they didn’t have any money of their own.But they were able to fund their deals 100% by putting themselves in a unique position to meet with the people who could help them.Recently, they made the decision to start growing and systematizing their business.They came to Flip Hacking LIVE and joined 7 Figure Runway……so I asked them to come on the podcast and share their story and their goals.There are some awesome takeaways in here… check it out!Links & ResourcesLooking for funding for your next flip?  Larry and Janet lend on deals in the state of California (with an emphasis on the desert areas of Southern California), and they’re able to fund deals very, very quickly.  To learn more and get funding, go to SilverMoonCo.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 (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff!  If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them!The post 7FF 296: How to Get 100% Funding (And Other Tips for House Flippers) appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Listen to This Episode I’ve never seen someone do this before.Brent Meeks came to Flip Hacking LIVE just a few weeks ago.And since then, he’s been working on his real estate investing business like crazy…Hiring a full team…Mapping out processes…Setting up CRM and lead intake systems…Developing a 12-month marketing plan……and more.He’s been flipping houses for a couple years.And he’s been done pretty well… so far this year, he’s flipped about 14 houses.But it was mostly just him and his contractor and bookkeeper who handled those deals.He wasn’t doing any direct-to-seller marketing to generate leads.He wasn’t wholesaling anything (just flipping).He didn’t have an internal team to handle leads, appointments, or dispositions.He had no buyers list.His profit margins were razor-thin.But after Flip Hacking LIVE, Brent got to work.And he’s done more in 3 weeks than most people accomplish in 5 years.So I asked him to come on the podcast today and break down what he’s been up to.It’s seriously inspiring.I’ve never seen someone ramp up their business this fast…(He’s already done his first wholesale deal, and they haven’t even started marketing yet.)Prepare to have your mind blown!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 (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff!  If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them!The post 7FF 295: Scaling a House Flipping Business in 3 WEEKS (While Launching a NEW Wholesaling Business) appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Listen to This EpisodeThe other day, one of our 7 Figure Runway members asked toget on a call with me.He had some questions and wanted to talk through somenext steps.I told him we could definitely get on a call……but it would be even better to do it as a podcast episode,so everyone can learn and benefit.So that’s what we’re doing!In today’s episode, I’m hanging out with Yhlas Kuliev anddigging into what he’s working on in his real estate investing business.Yhlas has been involved in real estate since 2013.It’s mainly been a “side gig” for him.For most of that time, he’s been doing about 1 or 2 flipsper year, with each project taking about 6 months.But after coming to Flip Hacking LIVE, his perspectivechanged……and today, he’s on the path to grow his hobby into afully systematized business.That’s easier said than done, though.And sometimes, we can get tempted to second guess ourplans and chase after “shiny objects.”Listen in here!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 (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff!  If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them!The post 7FF 294: How to STOP second-guessing yourself (and become a CONFIDENT entrepreneur)… appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Listen to This EpisodeGrowth can be scary.I hear from real estate investors all the time who want to keep their businesses “small” because they think it’s easier that way.They think they’ll make more money if they do all the work on their own.I used to believe this.When I got into flipping houses, it was a side gig.I was a “solopreneur.” I did all the work myself.I was able to flip 1 or 2 houses per year at most.But when I did the math……I was only earning about $10 to $12 per hour in my flipping business.(Definitely NOT on the path to the income and freedom I wanted.)I knew if I wanted more, I had to get out of my comfort zone.I had to start treating my business like a BUSINESS.But hiring a team, ramping up your marketing, systematizing your business… this stuff can seem complicated and intimidating at first.So a lot of investors hold back……and as a result, they stay “small.”If that’s where you’re at right now, I want to help you break through some of that uncertainty and hesitation.On today’s episode of the podcast, I’m chatting with my friend Marina Sud, who’s story might sound familiar to a lot of investors reading this.Her story is a lot like mine…She got into wholesaling a few years ago.And up until last year, she was “going it alone,” handling just about every aspect of the business herself.But she wasn’t doing deals consistently…And at one point, she ended up with just $100 to her name and nearly lost her own home.She didn’t give up, though……and just over a year ago, she realized she needed to hire someone to fill in a major gap she was struggling with in her business.The following year (this past year), she did 55 deals.She’s on track to do even more this year.And this is just the beginning… her business has COMPLETELY changed.Today, we’re digging into her story and talking about what she went through to reach the growth trajectory she’s on now……and whether you’re new to real estate investing or you’ve been in this business for a while, there are some HUGE takeaways in here.Listen in!Links & ResourcesMarina has been on the podcast before, back when Justin Williams was the host. If you want to listen to that interview (and see how things may have changed between then and now), click here!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 (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff!  If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them!The post 7FF 293: Why staying “small” could kill your house flipping or wholesaling business… appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Listen to This Episode At Flip Hacking LIVE, we talked about “core values.”Your core values come from the people who have shaped your character throughout your life.A few years ago, I did an exercise where I wrote down the top 3 people who have molded me into who I am today…One of them was my dad, who I brought on the podcast a few days ago.Another was Andy McFarland, one of my biggest mentors in real estate.And one was the man I’m going to introduce to you today… retired Navy captain Greg Sheahan, who was the commanding officer of my squadron years ago.Greg is an incredible leader, a mentor, and a good friend.This is a guy who truly embodies values like integrity, stewardship, giving, and so many others……and I asked him to join me on the podcast today to share some leadership lessons from his decades as an officer in the Navy.Now, you might be wondering……what does this have to do with real estate investing?Well, let me put it this way…What Greg and I are talking about today is the foundational stuff that will set you up to succeed at a high level in business, whether you’re flipping or wholesaling houses or you’re in another line of work altogether.This stuff MATTERS.If you’re not in a position of leadership yet, that’s okay.  This is still for you… take it in, reflect on it, let it shape you and prepare you for the future.If you ARE in a position of leadership or you’re looking to take that step soon, buckle up……and let’s dive in!Links & ResourcesMy COO Nate and I are holding a live event in Nashville in early December where we’re going to break down how to find, hire and train your COO to “run your business” the way Nate runs Blackjack Real Estate. Seats are limited… so if you want to learn more and sign up for a spot, head over to Dash2Live.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 (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff!  If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them!The post 7FF 292: Leadership lessons from the Navy (with my C.O. Greg Sheahan)… appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Listen to This EpisodeWe learn more from failure than we do from success.So today, let’s talk about a couple times where things went WRONG…Over the past 2 weeks, I’ve been sharing a lot about building your team, working with a COO (Chief Operating Officer) to grow your real estate investing business, and how to be an effective leader.Not everyone is ready for this level of growth yet……but if your goal is to scale up your income and your impact, this stuff is important.I believe every business owner SHOULD consider bringing on a COO when the time is right.Your COO is the person who “replaces” you as the day-to-day manager of your company and frees up your time so you can serve as the “visionary” leader your team needs.But it isn’t all sunshine and roses.As you can probably imagine, hiring someone to run your ENTIRE business is complicated.My good friend Mike Simmons has tried to hire a COO twice……and both times, it didn’t work out.But Mike learned some big lessons along the way that have made him a better leader.And I’ve brought Mike on the podcast today to share what happened so you’ll know a bit more about what to do and what not to do when hiring a COO (or when hiring anyone, really).Let’s dive in!Links & ResourcesMy COO Nate and I are holding a live event in Nashville in early December where we’re going to break down how to find, hire and train your COO to “run your business” the way Nate runs Blackjack Real Estate. Seats are limited… so if you want to learn more and sign up for a spot, head over to Dash2Live.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 (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff!  If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them!The post 7FF 291: What Mike learned from hiring (and firing) 2 C.O.O.’s who DIDN’T work out… appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Listen to This EpisodeIf you’ve been listening to the 7 Figure Flipping podcast, you know I’ve been talking a lot about leadership lately.I brought on Jocko Willink, leadership expert and retired Navy SEAL officer.I brought on Dan Coleman, our EOS implementer.I brought on Nate Johnson, my Chief Operating Officer who leads my team.Today, I’m bringing on someone very special…This person has shaped and molded my life more than anyone else.In some ways, he’s the guy who taught me everything I know.If you were at Flip Hacking LIVE, you already know who he is…Today’s guest is none other than my dad, Bill Allen Sr.He started as an engineer in the Navy and later went on to launch his own engineering firm, which he grew to 200+ employees……so he knows a thing or two about leadership.But more importantly, he’s a man of integrity with some incredible wisdom to share… and I hope his words will give you the same insight and encouragement they’ve given me throughout my life.Listen in here!Links & ResourcesMy COO Nate and I are holding a live event in Nashville in early December where we’re going to break down how to find, hire and train your COO to “run your business” the way Nate runs Blackjack Real Estate. Seats are limited… so if you want to learn more and sign up for a spot, head over to Dash2Live.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 (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff!  If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them!The post 7FF 290: How to LEAD effectively in business and in life (this guy taught me EVERYTHING)… appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Listen to This EpisodeListen up, house flippers and wholesalers…Who you have on your team matters.As you start growing your business, your “people” will matter more than anything else.In 2017, my company did about 200 deals.In 2018, we did about 200 deals again……but we made an extra $1,000,000 from those deals.That’s a HUGE difference.So where did that additional million dollars come from in 2018?It came from having the right team in place.And getting to that point wasn’t easy.At Flip Hacking LIVE a couple weeks ago, my C.O.O. Nate Johnson and I broke down what we went through to put our team together… the mistakes we made, what we learned, and how we got to where we are now.I’m sharing that presentation here on the podcast today…Let’s dive in!Links & ResourcesNate and I are holding a live event in Nashville in early December where we’re going to break down how to find, hire and train your COO to “run your business” the way Nate runs Blackjack Real Estate. Seats are limited… so if you want to learn more and sign up for a spot, head over to Dash2Live.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 (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff!  If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them!The post 7FF 289: How to make an extra $1,000,000 by hiring the RIGHT team (Nate Johnson at Flip Hacking LIVE)… appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Listen to This EpisodeYou can’t grow your business until you break through the “ceiling.”What’s the “ceiling?”The “ceiling” is the upper limit of what’s possible with the systems, processes, and strategies you’re using right now.Doesn’t matter if you’re new to real estate investing or if you’re doing 100 deals per year……there is ALWAYS a ceiling.And your next level of growth is always on the OTHER SIDE of that ceiling.So, if you want to flip or wholesale more houses…If you want to make more money…If you want to get more operationally efficient…If you want to free up more of your time……you have to break through the ceiling.The problem is, most house flippers and wholesalers don’t know where the ceiling is.They don’t know what the limiting factors are in their business.They don’t know what they’re doing wrong or where they need to improve.They aren’t tracking and measuring the right numbers.They don’t know what specific things are holding them back.And as a result, they can’t see the ceiling… much less what’s on the other side of it.This is where Dan Coleman works his magic.Dan is an EOS consultant.EOS stands for “Entrepreneurial Operating System,” and there’s been a lot of talk about it in the real estate investing world over the past year or two.Simply put, EOS is a set of tools you can use to find your ceiling and smash through it.I recently brought Dan into my business to help us implement EOS.And the changes we’ve seen already have been incredible.So I asked Dan to join me on the podcast today to dig into the details of what he does and how it works…Let’s dive in!Links & ResourcesTo learn more about EOS, head over to EOSWorldwide.com for tools, books, and other resources!And make sure to read the books Traction and Rocket Fuel if you haven’t already!If you’re ready to have someone like Dan working directly with your business to help you implement the systems we talked about in this episode, reach out to Dan’s team at admin@rockettraction.com.Also, my COO Nate Johnson and I are holding a live event in Nashville in early December where we’re going to break down how to find, hire and train your COO to “run your business” the way Nate runs Blackjack Real Estate. Seats are limited… so if you want to learn more and sign up for a spot, head over to Dash2Live.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 (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff!  If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them!The post 7FF 288: How to free yourself from the “entrepreneur’s curse” (so you can work ON your business instead of IN it)… appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.