7 Figure Flipping with Bill Allen

Listen to This EpisodeMerry Christmas… almost!     Hope you’re having a great week and getting ready for the holiday!Today we have a special guest here to share some VERY unique insights.  Chris was a real estate investor for about 10 years, up until about a year ago, when he started a data analytics and predictive modeling company.So, uh… what does Chris do, exactly?In short, he helps high-volume investors find motivated sellers that no one else is able to reach… bringing in more deals with lower marketing costs.  Yep, it’s kind of a big deal!  Enjoy the interview!Episode 108: Show NotesA few takeaways from today’s episode.Chris’s background as an engineer working for NASA… and how, despite working hard and having several patents by the age of 22, he was dead broke until he got into real estate…How Chris’s first couple years of real estate investing went… and the difficulties he faced trying to make it work…Why new real estate investors expect to make money right from the start, while most other entrepreneurs don’t expect to be profitable until a couple years in…How Chris turned his investing career around, and what he was willing to do that helped him break through to huge success…How the market crash forced Chris to figure out other ways to approach marketing…How Chris started creating his own specialized tactics for finding motivated sellers…How Chris and his team would track down owners of vacant properties…How Chris transitioned from investing to helping other investors dig for seller data…Why it’s important to treat your business like a business…Chris’s number one piece of advice for new real estate investors…Links and ResourcesChris’s data analytics company is called Audantic, and you can find them at Audantic.com!Chris mentioned a great tool for finding potential sellers called Intelius.  Check it out!Like what you hear? Subscribe!If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e 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 HFHQ 108: Reaching Motivated Sellers No One Else Can Find: Interview With Chris Richter appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Listen to This EpisodeToday, I want to share with you a “top secret” conversation I just had with Kale Darling, who started out doing acquisitions and then project management for me.  Okay, it’s not really top secret, but it’s super exciting!   Kale is going to be moving back to acquisitions… but with a twist.  I met with Kale to discuss some big plans for the new year, and I made him an offer… an offer that could completely change the trajectory of my house flipping business!Episode 107: Show NotesA few takeaways from today’s episode.My approach to risk management, and the amount of risk that I’m comfortable taking…The idea of focusing on wholesaling rather than rehabbing this coming year, and why we’re considering it…The reasons why wholesaling is looking like a good option for the next year…Some of the different ways our wholesaling business would take shape…The “big opportunity” I have for Kale…The plan to really dial in and grow Kale’s new role…My vision for the future of the company and what it will look like…Links and ResourcesIf you haven’t checked out my free, 4-part video training course on how to get started flipping houses, now is a great time to do so!  Click here to sign up and start watching… and be ready to start your house flipping business as the new year begins!Like what you hear? Subscribe!If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e 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 HFHQ 107: I’m Making a HUGE Change to My House Flipping Business in 2016 (And Here’s Why…) appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Listen to This EpisodeRandy Lawrence is one of the most incredible, genuine people I know.  His story is absolutely amazing… and what he’s accomplished in real estate, despite losing everything in the market crash, is astonishing.Often referred to as the “Real Estate Preacher,” Randy’s insights on life, success, and investing are pure gold.  From the systems he uses to run his business to the exact things he looks at when deciding whether to buy a house, Randy shares a wealth of knowledge in today’s episode.  Enjoy the interview!   Episode 106: Show NotesA few takeaways from today’s episode.Randy’s story… where he came from what he went through, and how he turned his life around…How having the “wrong people” around him throughout his young adult life held him back…The 7-unit “wreck” that was his first rehab…What happened to his $5 million rental portfolio during the financial crash… and how he got “completely wiped out…”Why success can’t be “optional” for you… if it is, you’ll never succeed…Why it’s so important to have faith in yourself…Randy’s primary acquisition strategies, and how he’s getting houses to buy…Why relationships and networking are so important…What Randy looks for when deciding whether to buy a house…Why the demographics of your buyers pool is important…The systems Randy uses in his business, and how those systems have helped him hand off management of all his rehabs…The biggest obstacle we face when getting into real estate…Links and ResourcesRandy just launched a new podcast, the Real Estate Preacher!  Check it out!Like what you hear? Subscribe!If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e 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 HFHQ 106: Acquisitions, Systems, Deal Analysis, and More: Interview with the “Real Estate Preacher” Randy Lawrence appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Listen to This EpisodeA question I hear all the time is “Isn’t real estate investing risky?  What if the market crashes?”There’s risk involved in any kind of investing, and real estate is no different… but there are several things you can do to protect yourself from a real estate market downturn.In today’s episode of the House Flipping HQ podcast, I share a few things I’ve been doing for years to keep my risk as low as possible when flipping houses.Episode 105: Show NotesA few takeaways from today’s episode.Why it’s so important to surround yourself with the right people…An update on the stat of the real estate market in the US…What 3 different experts told me about the future of the real estate marketing this week…My thoughts on how and when you should be following the “market” data…How to protect yourself from problems in the marketplace…What I do to limit my exposure when flipping…Why you need to pay attention to the kind of financing you’re getting…The two schools of thought on signing personally for financing…How creative financing can be used to reduce your risk…Links and ResourcesThere are still a few spots available in the 7 Figure Flipping program… but we're being very selective with who we bring on.  If you think you might be a good fit for one-on-one mentoring with me and Andy over the next 12 months, head over to 7FigureFlipping.com to check it out!Like what you hear? Subscribe!If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e 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 HFHQ 105: How to Protect Yourself from a Real Estate Market Downturn appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Listen to This Episode (Audio Version for Podcast)Today’s episode is more of a rant… this topic is a “pet peeve” of mine.  It’s a question I hear all the time…How long does it take to start making money flipping houses?It doesn’t happen overnight.  But having said that, if you’ve been “studying” how to flip houses for a couple years now and haven’t done any deals yet, you’re doing something wrong.   So how long does it take?  I have a theory on this, and what I’ve seen from my students has confirmed this to be true… but you might disagree…Listen to the episode, then let me know your thoughts in the comments!Episode 104: Show NotesA few takeaways from today’s episode.The key “attitude difference” between people who are succeeding and people who aren’t…Malcolm Gladwell’s “10,000 hour” theory of how long it takes to develop elite expertise at something…Why you can’t create a successful house flipping business overnight…How long it takes to start making money flipping houses…What I want you to do if you’re getting discouraged in this business…Why you shouldn’t be focusing on “making money” when you’re just starting out… and what you should focus on instead…An update on the 7 Figure Flipping Program we launched last week!Links and ResourcesLast week, Andy and I announced the launch of 7 Figure Flipping, an advanced mentoring program and mastermind group where we’ll be working one-on-one with a small group of investors over the coming year.  We’ve gotten quite a few applications, and we’re being very careful and very selective with who we bring on… as a result, there are still some spots available!  Head over to 7FigureFlipping.com to check it out!Like what you hear? Subscribe!If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e 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 HFHQ 104: How Long Does it Take to Start Making Money Flipping Houses? Here’s the Answer… appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Listen to This EpisodeI can’t believe how long it’s been since I’ve had my good friend and “partner in crime” Andy McFarland on the show!Today, Andy and I catch up on where his business is at and what he’s been up to… and yes, we get into the numbers!  Andy shares the 2 things he did to take his wholesaling operation from low 6-figures of revenue per year to closing on $2 million today… and we talk about the importance and value of connecting with the right mentors, and tell you how to do it!And make sure to stick around to the end of the episode… because we have a HUGE announcement to make that’s been over a year in coming!Episode 103: Show NotesA few takeaways from today’s episode.The one thing that has allowed Andy to grow his business like wildfire…Andy’s revenue goals for this year and next year…The one thing that Andy says is “priceless…”The number of deals Andy and his team are doing per month right now…The two “huge jumps” that Andy made in his business, both of which propelled him to exponential growth…The best thing you can do if you want to learn how to flip houses…Why finding a solid mentor or mastermind group to join is so important…The power of accountability, and how to gain “leverage” over yourself…The amount of additional money Andy has made as a result of being part of a high-level mastermind group…The number of additional houses I’ve bought this year (and the additional income I’ll make) as a result of being part of a high-level mastermind group…Plus, a HUGE announcement that has been over a year in coming!Links and ResourcesIf you’ve listened to the episode, you know what we’re announcing today… go to 7FigureFlipping.com to check it out!Like what you hear? Subscribe!If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e 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 HFHQ 103: The 2 Things Andy Did to Reach $2 Million in Annual Wholesale Fees (Plus a HUGE Announcement…) appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Listen to This EpisodeWant to see step-by-step how a master wholesaler builds rapport with sellers and closes deals?  And what’s going on with new “laws” about wholesaling in some states?In in today’s episode of the House Flipping HQ Podcast, master investor Dave Payerchin shares a ton of awesome seller negotiation tips and outlines how to do wholesaling the “right” and legal way in states where the laws are changing.I don’t even need to tell you how important it is for you to listen to this!  Plus, Dave shows off one of the websites he uses to generate motivated seller leads from Google… and you might be surprised when you see it!Episode 102: Show NotesA few takeaways from today’s episode.Why Ohio and certain other states are starting to “change the rules” with regard to wholesaling… and how you can stay ahead…Why these changes are actually good for those who are serious about real estate investing…Dave’s background and the work that he and his partner are doing…How Dave got involved in construction right after highschool… and how it gave him the desire to get into real estate…How marketing drives everything Dave does…Why it’s important to have multiple “exit strategies” for different types of leads and properties that come across your desk…Why the best deals come when you meet someone face-to-face…How Dave’s return on investment on his money for his current flip is “infinite…”Why it’s more important to focus on the day-to-day rather than waiting for “home runs…”What every “star player” in the real estate space has in common (this might surprise you)…Why asking “how much do you want for the house” is the WORST way to start a negotiation with a seller…The number one most important question you need to ask a seller FIRST…How to build rapport with sellers (and why the word “FORM” is so important)…Why it’s important to be properly educated when it comes to wholesaling…How to say ahead of some of the new laws and regulations around wholesaling…Dave’s number one piece of advice for anyone who wants to succeed in real estate…Links and ResourcesDave and his business partner RJ provide turn-key rental properties to investors at ColumbusTurnkeyHouses.com!Check out the website where Dave gets many of his motivated seller leads… from Google!  SellHouseColumbus.comLike what you hear? Subscribe!If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e 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 HFHQ 102: Seller Negotiation Tactics That Work (And How to Stay Ahead of the New Wholesaling Laws): Interview With Dave Payerchin appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Listen to This EpisodeIf you’re serious about flipping houses, building wealth for retirement, and slashing the taxes you owe, you NEED to listen to this interview!Honestly, this blew me away…Edwin is an IRA specialist… and let’s just say he’s a genius when it comes to administrating self-directed IRAs.  I thought I knew everything I needed to know about my IRA… but I was wrong.Edwin may have just saved me over a million dollars with this one interview.  Click the link below to listen!Episode 101: Show NotesA few takeaways from today’s episode.What a self-directed IRA is and how it works…The two categories of IRAs… and why getting the right one makes such a HUGE difference…The type of IRA that 98% of Americans have… and why it’s not the best option…The 4 things that a traditional IRA will allow you to invest in… and how a self-directed IRA opens up your options to far more opportunities…The core advantages of a self-directed IRA…How and when you can move funds from a company plan into your own IRA…3 ways to deposit money into a self-directed IRA…Contribution limits that affect much money you can deposit into an IRA in a given year…The difference between tax-deferred and tax-free accounts…How to invest in real estate through your IRA…The 2 ways you can potentially trigger a tax even in a tax-deferred or tax-free account…The huge debate about whether you can flip houses through your IRA, how many you can flip per year, whether you owe taxes on profits made, and more…A legal “back door” you can use to go way beyond the contribution limits for an IRA…And much more!Links and ResourcesTo learn more about self-directed IRAs or to set one up with Edwin and his firm, head over to SpecializedIRAServices.com.  While your’e there, grab Edwin’s just-published book, which you can get for free!  He’s also waiving the $97 consultation fee, so you can get a full consultation at no cost as well… definitely check it out!Like what you hear? Subscribe!If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e 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 HFHQ 101: How to Flip Houses Through a Self-Directed IRA (Without Paying Taxes): Interview With Edwin Kelly appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Listen to This EpisodeToday marks the release of the 100th episode of the House Flipping HQ Podcast! It’s been an AMAZING ride these past two years… and we’re just getting started!Thank you to everyone who has listened, subscribed, commented, or been part of this journey in any way!In today’s episode, my wife Tara and I share the 5 things that you absolutely MUST do if you want to be successful… in real estate or in any business.If you’re feeling stuck in your house flipping venture or if you’re struggling to get started, I can almost guarantee that the issue is with one of these things…Episode 100: Show NotesA few takeaways from today’s episode.The 5 things you must do, and that all successful people do, to succeed… and why you won’t succeed if you don’t do these things…An update on the House Flipping HQ Podcast as we reach our 100th episode, plus some stats on our business and what we’re up to…Our business goals for the next 5 years…Why focusing on basic concepts like how to find deals isn’t the most important part of house flipping…Why we’ve had to slow down buying houses in the last few weeks…Our plans to provide some high end coaching soon, and how our views on high-end coaching have evolved over the past 2 years…Money buys speed… and why I love finding shortcuts…My number 1 goal for my house flipping students and for everyone listening…Why it’s so important to create systems, especially if you want freedom in your life…And a big thank you to all of our listeners!  This is all about you!Links and ResourcesIn today’s episode, we mention the turn key-house flipping program we launched last week.  Just so you know, that program is now full.  We may open it up again in the future.  If you’d like more info about it, click here and watch the video!Like what you hear? Subscribe!If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e 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 HFHQ 100: The 5 Things You MUST Do to Succeed at Flipping Houses (And… It’s Our 100th Episode!) appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Listen to This Episode (Audio Version for Podcast)Today, I’m honored to have the one and only Hal Elrod joining me on the House Flipping HQ Podcast!  Hal has done it all… he’s a keynote speaker, business coach, and #1 bestselling author of Miracle Morning, one of the most successful self-published books of all time!You may have heard me talk about Hal before.  His book has convinced me that I’m living a life of mediocrity and that I have the potential to do so much more, in business and life in general…If you’re serious about flipping houses, entrepreneurship, or honestly just being successful in any capacity, you need to listen to what Hal shares in this 40-minute interview.  His story will blow you away…How he overcame massive struggles to transform his life multiple times and developed a morning success ritual that is impacting thousands and thousands of people across the world today…Listen and enjoy!Episode 99: Show NotesA few takeaways from today’s episode.How Hal got his start selling Cutco kitchen knives at the age of 19 (and his amazing experience just 10 days into the job)…Hal’s incredible story of how he literally died in a car wreck… and how that accident (and his miraculous recovery) completely transformed his life…Hal’s “5 minute rule,” which had a huge impact on his outlook on life after the accident…Hal’s breakthrough “discovery” that led him to change his life yet again in the midst of the economic recession when he was broke and depressed…How Hal doubled his income in 2 months with a simple morning ritual…The six things successful people do every morning (and why you need to do it)…How to completely transform your life in as little as 6 minutes each morning…Hal’s number one piece of advice for success (and why it’s important to not worry about the results you’re getting along the way)…Links and ResourcesFollow Hal and check out everything he has to offer at his website, HalElrod.com!Hal has an incredible live event coming up… learn more at BestYearEverLive.com!Order a copy of Hal’s book Miracle Morning on Amazon—this book will change your life!  Click here to get it!Join Hal Elrod’s Miracle Morning Facebook Group for accountability, updates, and more!Like what you hear? Subscribe!If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e 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 HFHQ 99: Interview With Hal Elrod: Commit to the Process, Not the Results appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.