7 Figure Flipping with Bill Allen

Get to know Joe McCall, in part one of this interview. A great investor, podcast host and a real estate entrepreneur. Learn how he got where he is and the path he took. Joe shares each step on how he runs his system and the procedure to close deals. Learn Joe's keys to success in investing — proper delegation and a systematic process can go a long way.  Find out how he does it in today episode.Have any questions? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?House Flipping Workshop Today!Join today's webinar.  Thursday, April 24, 2014 at 6PM (Pacific)/9PM (Eastern). Learn how to rehab and flip houses from the flipping master himself Justin Williams.Also learn more about our House Flipping Mastermind group and ask Justin any question you have about houseflipping process.  Save your spot now and sign up by clicking the link below:houseflippinghq.com/workshopShow NotesOn this episode, Joe McCall shares the details on how to organize your system.Joe shares the foundation of success in the business.In every success story there is a struggle. He shares how he deals with downfalls to be able to reach the top.Joe is a great student.Follow your mentor. Do as they say. Create imple rules to follow and your system would work.How he uses the “Time Block System”He shares how to be consistent and maintain your momentum in real estateHe reveals his delegation system.Joe shares how he delegates his work and how to find the right team to handle a specific task. Because of this he works 5 hours a week, even earning on vacation.Tweetable QuotesSome of the quotes that you can tweet:“Marketing is the foundation of the business” – Joe McCall“Sometimes we don’t have things, because we don’t ask for it” – Joe McCall“If you would do everything, nothing will get done” – Joe McCall“A business is not an overnight success”– Justin Williams“Be creative; think about how to do this win-win situation on your real estate business”– Justin Williams“No lead left behind…Nothing falls to the cracks” – Todd Toback“You have to know what your good at and what you are not good at” – Joe McCallTranscriptClick here to Read and Download the Transcript for Episode 38Links and ResourcesJoe McCall's Podcast ( www.realestateinvestingmastery.com )Joe McCall's Website ( www.joemccall.com )www.stlouiscashflowdeals.com Rich Dad, Poor Dad.Odesk.comInternet Business Mastery's Podcastwww.virtualstafffinder.comwww.slydial.comWendy Patton's website ( www.wendypatton.com )Multiple Stream of Income: Nothing Down Real Estatewww.podio.comwww.vumber.comYellow Letters (www.yellowletters.com)If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff.  Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer themThe post HFHQ 38: Joe McCall's Amazing House Flipping Systems – Part 1 appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

In the second half of our interview with Todd Toback, he shares strategies to build a system to wholesale over 10 houses a month.  He also shares how to motivate yourself and other people. Todd gets deep into the details on how to delegate and make his system work, how to bring out the best in your staff, and make more money.Have any questions? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Save your spot now!We will have another House Flipping Webinar on Thursday, April 24, 2014 at 6PM (Pacific)/9PM (Eastern).  Learn how to rehab and flip houses in a right way, know all the systems, strategies and techniques on this business.Also Learn more about our House Flipping Mastermind group that gives you more tips on how to do this business. Interested? Click on this link to sign up:houseflippinghq.com/webinarShow NotesOn this episode Todd shares it all!He talks about how to make the most of your profit.How to encourage people in a wholesale business. Todd shares how he motivate his own team to do more in the business and reach their goal without pressuring them.He shares  how to make your system work.Having a system is easy but how to execute it? Todd shares the tips and tricks on how to do it.He will tell you on how or who you really need to talk to.How to control your state of mind.Handling a business is not easy; sometimes we go overboard. Learn how to fight that negative vibe.Learn to handle your staff in a situation.Someone needs to take the steering wheel on this business, Todd shares on how he takes over the ship and be the Captain!Gratitude is important.He goes deeper on how his Christian values influenced him on his business.He digested carefully the level of people on your team.Todd reveals his strategy on how to understand your market.Tweetable QuotesHere are some quotes that you can tweet:“Always find a way to make it work” – Justin Williams“If you have a goal, you should be laser focused on it” – Todd Toback“If your going to follow a guru, do exactly as they said, don't twist something and just shut your ears” – Todd Toback“Let your Idols become your Rivals” – Todd Toback“Always Guard your ears and your thoughts” – Todd TobackTranscriptClick here to Read and Download the Transcript for Episode 37Links and ResourcesTodd Toback's websitewww.nolimitsrealestateinvesting.comNo limits Real Estate Investing PodcastMultiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth by Robert G. AllenAxiom: Powerful Leadership ProverbsYellow Letters (www.yellowletters.com)Justin's Assistant, Vanessa: vanessa@houseflippinghq.comJustin's biggerpockets Thead: 150 Flips in 2014!If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff.  Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!The post HFHQ 37: Building a System for Wholesaling with Todd Toback – Part 2 appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Being a Wholesaler can challenging — why do some people earn and you don't? On this episode Todd Toback shares how he start to venture in the real estate world, how he ended up being a wholesaler. Find out more about his tips, strategies and systems to make your wholesaling business grow, Everyone can start a business, you just need to find the right system.Have any questions? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Learn how to estimate repairs at the next webinar!We will have another House Flipping Webinar on Thursday, April 10, 2014 at 6PM (Pacific)/9PM (Eastern). This time I will be focusing on estimating repairs and sharing tips on this vital skill for new investors.Also, learn more about the “Fail Forward Fast” coaching program and the amazing House Flipping Mastermind group that is doing incredible things.  Click on this link to sign up:houseflippinghq.com/webinarShow NotesIn this episode we cover:How Todd Toback became a wholesaler. Todd shares his life before he became a wholesaler and the struggles he went through to get where he is.What motivated him to quit his job and focus on real estate.Todd Toback's unique marketing strategyHow Todd maintains great relationships with his sellers.The importance of spending your money and energy on the right marketing system.The Who, What, Where and Hows on how to start your own system.Todd's specific direct mail strategiesGuidelines on building your own wholesaling systemTweetable QuotesHere are some quotes that you can tweet:“The way to find an estate owner is to send out mail to the estate owners.” – Todd Toback“You should be very selective on where you focus your time.” – Justin Williams“If there is something that you have to do, give the idea to somebody else and focus on it later.”– Todd Toback“The more sellers that you talk to the more money you are making” – Todd Toback“You can never teach someone … not until you've done it” – Justin Williams“The important thing is understanding sellers, understanding people and connecting on a deep level relationship” – Todd TobackTranscriptClick here to Read and Download the Transcript for Episode 36Links and ResourcesTodd Toback's websitewww.nolimitsrealestateinvesting.comMultiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth by Robert G. AllenNo Excuses!: The Power of Self-Discipline by Brian TracyYellow Letters (www.yellowletters.com)If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!The post HFHQ 36: Building a System for Wholesaling with Todd Toback – Part 1 appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Today you get to climb inside my brain as I share with you a “baker's dozen” of traits that are shared by those who are successful, both in house flipping or any endeavor.  These are the traits that I consistently see in people who are successful, and if you follow these tips, then I have complete faith that you will succeed at whatever you undertake!Have any questions? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Shout Outs!A shout out to Salem, a member of the House Flipping Mastermind who visited me in Southern California.  He is definitely on fire and is killing it!  I can't wait to see how his business progresses. Thanks for meeting up Salem!Get your FREE Gift!Get on the newsletter!If you aren't on our newsletter, be sure to subscribe.  We have some great giveaways for those who sign up, and you are also on the list to get the latest and best information about House Flipping HQ, including some special information that only goes out to people on the newsletter.We will be taking down a lot of the freebies so get them while you can.  Here is a list of what you can get:Top 6 Methods for Buying Houses in Today's MarketDeal Analysis Techniques to Ensure Killer ProfitProperty Review CriteriaTrustee Sale Secrets RevealedRehab Pricing ListProperty ChecklistSubscribe by clicking here.Learn how to estimate repairs at the next webinar!We will have another House Flipping Webinar on Thursday, April 10, 2014 at 6PM (Pacific)/9PM (Eastern). This time I will be focusing on estimating repairs and sharing tips on this vital skill for new investors.Also, learn more about the “Fail Forward Fast” coaching program and the amazing House Flipping Mastermind group that is doing incredible things.  Click on this link to sign up:houseflippinghq.com/webinarShow NotesIn this episode we cover the top traits of successful house flippers, real estate investors, entrepreneurs and business people.They get EducatedYou need to learn your craft.Sources of Education: podcasts, websites, books, seminars, mentorsThey are FocusedDon't get distracted by shiny objects.They take (MASSIVE) ActionPick a plan, stick with it and go for it!Pick actions that generate income rather than “busy work”You can learn a ton by doing.They Find a Way to make things workDon't be a “yeah but'er”Find what works for you and apply those things that make senseTeach yourself to look for things that will work for you, rather than focus on the things that won't work for you.They Work HardYou have to put in the time and hard work to get successIf you know how to do the work, you can build the right systemThey are DecisiveDon't take too long on the small decisionsDo your due diligence and be smart, but don't sweat the small stuffThey Understand RiskYour job is to minimize and mitigate risk, not to be overcome by fearDon't “what if” yourself to deathThey Accept FailureLook at failure as an opportunity to learn – be grateful for it.Your ability to overcome failure determines your success in businessEvery day put on your “problem solving hat” – make it your job to solve problemsThey Use SystemsFocus on the daily actions that will get you to your goals, but don't focus as much on the goalIf you have systems in place, they will move forward regardless of your motivationThey Use LeverageKnow what your time is worth and leverage the power of other people, capital and systems to help you take actionUtilize other people so that you are free to build your business, instead of have your business run youKnow the highest and best use of your time.  Where should your time be spent?They are ConsistentEach day wake up and get to workMotivation can be a part of your daily life, but consistency breeds successThey Surround themselves with the Right PeopleUtilize the power of a mastermindMastermind groups can be in person, online or on the phoneThey Believe in ThemselvesYou can do it!Believe in yourself beyond what other people say or try to convince you ofMost of the time if you ask someone what they think of something you are doing they will give you a negative responseTweetable QuotesClick a quote to tweet it!“You've got to learn your craft” ~ Justin Williams“There are a million ways to make a million dollars, but if you focus on all of them (or even a few of them) at one time, you're never going to make them happen” ~ Justin Williams“Think less.  Do more.” ~ Justin Williams“Take the action that will generate revenue” ~ Justin Williams“Teach yourself to look for things that will work for you, rather than focus on the things that won't work for you” ~ Justin Williams“Opportunity is missed by most people because it is dressed in overalls and looks like hard work” ~ Thomas Edison“Sometimes you just have to make a decision and move forward” ~ Justin Williams“Doing nothing is guaranteeing you for failure” ~ Justin Williams“Being a successful business person is more about how you react and respond to failures, and how you manage your own internal emotions, than it is just about anything else” ~ Justin Williams“Failure is an opportunity to learn” ~ Justin Williams“Your systems are more important than your goal” ~ Justin Williams“Understand the power of leveraging other people” ~ Justin Williams“Consistent daily actions will trump momentary motivation every time” ~ Justin Williams“If there is someone else who is successful at something, then you can be too” ~ Justin WilliamsTranscriptClick here to Read and Download the Transcript for Episode 35Links and ResourcesThe E-MythThink and Grow RichTony AlvarezIf you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!The post HFHQ 35: A (Baker's) Dozen Traits of Successful Flippers, Investors and Entrepreneurs appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Scott and Holly McKhann join us on today's podcast episode where they share amazing information about how they run their house flipping business.  From land title deals to the amazing way they are able to acquire deals through just networking, this is an episode you will get a LOT of value out of!Have any questions for Scott, Holly or I? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?The Webinar Is Today (March 27, 2014)!!Today's webinar is going to be like none other we've had before.  You definitely don't want to miss some of this exclusive content that we'll be sharing with the attendees about analyzing properties.Join us by clicking on the link below and be ready to learn a ton about house flipping today, March 27, 2014 at 12 noon (Pacific) / 3PM (Eastern).houseflippinghq.com/webinarIf you missed the webinar, just click on the link above and you can register for the next one!Show NotesIn this episode we cover:Scott and Holly's journey from being a Civil Engineer and CPA to real estate investingScott's first land-deal came from his work as a Civil Engineer with home builders which allowed him to quit his jobTheir first efforts with condo conversions in Texas and then house flipping in California starting in 2008A quick introduction to how land deals work and current market trendsThe difference between a land title deal and building a house on a plot of landThe methods Holly and Scott used to find and buy properties in the past few yearsNetworking with realtors (Holly is the “networking queen”)The courthouse steps (but not in the last couple years)How Holly, the “networking queen”, develops her relationships through networking, which is how they currently find most of their dealsHow to develop relationships and the most important things to keep in mindA role-playing session on how to develop relationshipsScott and Holly's process for running a rehab project and how they deal with contractorsThe McKhann's methods for financing their dealsWhy Holly is going to get her real estate licenseScott and Holly's advice and thoughts on working with your spouseScott and Holly's recommendations to those people first starting out on their house flipping journeyTweetable Quotes from Scott and Holly McKhannClick a quote to tweet it!“Thankfully we've had more ups than downs” ~ Holly McKhann“Deals don't just come find you.  You have to get out, meet people and talk to them” ~ Justin Williams“I've met a lot of real estate people and a lot of them don't have good people skills” ~ Holly McKhann“If the agent already knows all that stuff, they're probably already working with another investor” ~ Scott McKhann“Know your buyer and know the neighborhood, and get feedback from the locals who know” ~ Holly McKhann“Try to partner up with someone who's already in the business” ~ Scott McKhann“Its really hard to do a deal with only your own money” ~ Holly McKhannTranscriptClick here to Read and Download the Transcript for Episode 34Links and ResourcesHolly's Phone: 951-836-2000 or send an email to starlegacyhomes@gmail.comStar Legacy Homes on FacebookTony Alvarez (www.tonyalvarez.com)Bruce Norris and the Norris Group (www.thenorrisgroup.com)Business Networking InternationalKristi Cirtwill“How to Win Friends and Influence People” by Dale CarnegieIf you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!The post HFHQ 34: Deal Acquisitions through Networking with Scott and Holly McKhann appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Today we are joined by Sabrina Gaunce, the Assistant and right-hand-person for Tony Alvarez, one of the most successful house flippers out there.  We discuss her amazing methods for creating relationships with real estate agents, city officials, inspectors and more!  Plus, a great role-playing phone call and details on how she spends her day.Have any questions for Sabrina or I? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Join the next webinar!Our next house flipping webinar will be Thursday, March 27, 2014 at 12 noon (Pacific) / 3PM (Eastern). Click on this link below to sign up!Learn how Justin runs his house flipping business, how to connect with other budding house flippers, and ask Justin ANY questions you have about real estate investing and house flipping!houseflippinghq.com/webinar.Show NotesIn this episode we cover:Sabrina's early beginning as a leasing consultant and how she met Tony AlvarezTony's process for training Sabrina as his house flipping assistantFor the first few years she followed his system and helped manage dozens of rental propertiesThey currently have 140 – 200 rental propertiesTony's buying cycle: 1998 he bought a lot of properties, and sold in 2005 and made over 10 million.Tony and Sabrina's method for connecting with agents and buying propertiesHow she speaks to 5 new agents and 5 known agents every day to build and establish relationships.PLUS! ~ A phone call role play between Sabrina and an agent.An analysis of the phone call and different ways it could have gone.How to develop relationships with agentsSabrina's current Direct Mail approach and the lists they target.How Sabrina builds relationships with the city so that she gets calls on property availabilitySabrina's routine and what she does each dayHow Sabrina uses Craigs List to find dealsInformation on Tony's class “Beyond Flipping” on March 22, 2014 where Justin will be speakingTweetable QuotesClick a quote to tweet it!“I'm happy to be the person in the background” ~ Sabrina Gaunce“We sell just enough to pay the bills and keep everything else” ~ Sabrina Gaunce“Agents are not something you have to find.  It is a relationship you have to create and build” ~ Justin Williams“Don't waste a phone call” ~ Sabrina Gaunce“If an agent brings us a deal, we always give them the option to help us sell the property” ~ Sabrina Gaunce“Just stop thinking about it and start doing it” ~ Sabrina Gaunce“It's not easy.  It's not like you pick up the phone and the first agent starts shooting you deals” ~ Sabrina Gaunce“Acquisitions is a full time job” ~ Justin WilliamsTranscriptClick here to Read and Download the Transcript for Episode 33Links and ResourcesBlog: How I turned 2 weeks of buying frustration into 3 houses in a single day!Blog: Behind-the-scenes of Buying 3 Houses in 1 Day: Part 1 – The Morning DealEvergreen PropertiesTony Alvarez:  The REO Mentor (www.tonyalvarez.com)Anchor Loans (Robert Fragoso)If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!The post HFHQ 33: Sabrina Gaunce and the Power of Developing Relationships appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Mike Simmons, from Just Start Real Estate, joins us and helps us understand the best way (or at least his best way) to get started as a new real estate investor and house flipper.  He really breaks it down and provides step-by-step processes you can follow to get started today!Have any questions for Mike or I? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Show NotesIn this episode we cover:Mike's background with real estate starting in 2002 and why it took him 6 years to take action.The things you need to do when you first start with real estate.  (Take MASSIVE ACTION)Commit the time to getting out there and start networking at REIAsTips to be a good networkerDress nicely when you attend eventsSmile and be presentableTake action!  It will make it easier to talk to people and have them talk to youBe mindful of who you tell — keep away from the negative influencesIf you do tell people, you don't need to listen to their opinionGive yourself time to get to know peopleBe uncomfortable! It means you are going in the right direction.Find an agent to help you start generating leadsIts not necessary to get your real estate licenseInterview realtors and find out what they are able to do for you.They should send you qualified leads that you care about.You have to give them good, specific information about what you're looking forMike's method for getting in touch with realtorsWent on realtor.com and looked for properties that fit the criteriaFind the realtors that show up on the type of houses that you are looking forInterview the realtors until you find the best fitTreat your realtor with respectYou don't need to get in to detail about your business — just about what you're looking forMake a short list of good contractorsOne method: put an ad on Craigslist (with criteria) and provide a “new” emailWalk through a property with them together and get quotes based on what you want to doYou learn about rehabbing from contractorsThe bids will give you an idea of the cost for rehabbing housesMake offers based on the listings your realtor has been sending you (which meet your criteria)You need to educate your realtor on calculating After Repair Value (ARV)Go in to the listings for comparables and see what the houses look likeOne possible formula: ARV * 0.7 – rehab = OfferThere are a lot of methods for finding a proof of funds (POF)Get your financing taken care ofThis is where you take advantage of those networks you have been buildingBefore you have a house under contract, be sure you have been seeking out financing possibilitiesOnce the house is under contract finding financing should be your full time jobFocus on direct mail when you have made some progress with your businessThings you don't need to do Day 1You don't need to start off forming a corporation in the beginningBusiness cards are not a priorityLogo and brandingMaking t-shirts with your company nameDesigning a websiteTweetable QuotesClick a quote to tweet it!“The name of the game when you're starting out is MASSIVE ACTION.” ~ Mike Simmons“You're better off going 100 mph in the wrong direction than just sitting still doing nothing.” ~ Mike Simmons“People are attracted to action takers.” ~ Mike Simmons“If you are not putting yourself in uncomfortable situations, you are just not trying.” ~ Mike Simmons“Getting your realtor's license doesn't necessarily make you an expert in a lot of areas.” ~ Mike Simmons“Don't have a list of to do items that aren't going to make you money in this business.” ~ Justin Williams“The more detailed you are about the types of houses you want to buy, the less detailed you need to be in what you're going to do with the listings.” ~ Mike Simmons“There are a hundred ways to get started in this business.” ~ Mike Simmons“You can't wait until you have a deal under contract to figure everything out.” ~ Mike Simmons“This game isn't for the real greedy.  You need to be willing to share the wealth” ~ Mike Simmons“This is a team sport.” ~ Justin Williams“In this business there are a lot of singles, and very few home runs.” ~ Mike Simmons“Always be looking for capital” ~ Justin Williams“Its a great business, but there are a lot of ways you can screw it up.” ~ Mike SimmonsTranscriptClick here to Read and Download the Transcript for Episode 32Links and ResourcesJust Start Real Estate website (http://www.juststartrealestate.com)JSRE Podcast (http://www.juststartrealestate.com/itunes)E-mail Mike Simmons at: mike@juststartrealestate.comRealtor.comHow to work with contractors (HFHQ Article by Mike Simmons)Working With Private Money Lenders to Get Your House Flipping Deals Funded!Join the next webinar!Our next house flipping webinar will be Thursday, March 27, 2014 at 12 noon (Pacific) / 3PM (Eastern). Click on this link below to sign up!Learn how Justin runs his house flipping business, how to connect with other budding house flippers, and ask Justin ANY questions you have about real estate investing and house flipping!houseflippinghq.com/webinar.Leave us a Rating and Review!If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!Song Lyricsby Mark Moran, Sung to the tune of Beautiful by Christina AguilleraEveryday you make offersAnd suddenly, an ARVMLS seems foreverIt never goes the way you feelThis is flipping and every single dayProperties go awayFrustration but if you don't give upYou will make a buckAnd then you'll find a turn of luckNo matter where you steerNo matter what you hearA deals around the corner you just have to persevereNo matter what you findThere is no peace of mindWhen you get a contact to sign that contract and everything is fineThis is flipping and every single dayProperties go awayfrustration but if you don't give upYou will make a buckAnd then you'll find a turn of luckListen close to this podcastLearn a lot.  All you got.Read the blog and make some contactsIt's up to you.  HFHQ The post HFHQ 32: How to Get Started in Real Estate with Mike Simmons appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Tim Gordon, a “sophomore” investor has taken incredible action and shares with us how he got his first deal and the struggles he had.  We talk about benchmarks, success and closing deals.  Plus we get in to some details about financing and rehabbing and much more!Have any questions for Tim or I? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?The next webinar is tonight!Tonight (March 6, 2014) we will have another House Flipping Webinar at 6PM (Pacific)/9PM (Eastern). Click on this link below to sign up!This time I'll be focusing heavily on acquisitions!houseflippinghq.com/webinar.And the winner is ….The winner of the Michael Quarles 1,000 yellow letters give-away is Ed!  Just e-mail Michael at michael@yellowletters.com to let him know you were the one who won (we have your email on file, so this is how we confirm your identity).For the rest of you who entered, you can also email michael@yellowletters.com with the subject line “HFHQ Biz Cards” with your complete name and mailing address and he'll get you the business cards that he mentioned in the podcast episode.  We'll be checking your name against the entries so be sure you actually entered the contest if you send an email! Show NotesIn this episode we cover:Tim's introduction to the potential of real estate investingHis first experiences with a real estate investment clubs and learning to flip through a 60-day challenge “boot-camp”The specific things Tim did to take action during his 60-day intensive challengeLearn how to comp properties and connect with agentsRequired you to make over 50 phone calls a week (FSBO, Craigslist, etc.)Trains you to handle rejectionUse of Proof of Funds to make offersRequired you to make at least 10 offers per weekForces you to make more offers than a normal professional investor makes in a typical yearThe find whatever you are the most uncomfortable and make sure you learn how to do it.Different methods he used to connect with sellers and dealsMore traditional methods like using the MLS or talking to agentsLess traditional methods like going on Craigslist or finding FSBO signsTim's experience with the Flip to Freedom event for wholesalersHow Tim found his first deal by looking at rental ads on CraigslistTim's use of $1,250 from his first deal on mailers during ThanksgivingThe story of Tim's second deal which forced him to listen and solve problemsHow Tim developed his business during 2013Use of Zoho as a CRM (Customer Relationship Management) systemTim's current marketing strategiesIn the beginning of 2013 Tim was using strictly direct mailLater 40% of deals were through direct mail, 35% were through other wholesalers and 25% were through the MLS.His current focus is on absentee owners although he's done owner-occupants, but hasn't pulled deals yetUsing SEO and the web to generate leadsTim's next step to build his business by bringing on people to help him automate his systemsTim's unique approach to financing through an FHA 203K Loan3.5% down paymentRequires occupancy in one unit for at least a year203K means the property requires repairs which are amortized over 30 yearsFrom single-family to a four-unit propertyHow Tim's full time job gives him access to great financingTweetable QuotesClick a quote to tweet it!“What gets measured gets done” ~ Justin Williams“I don't need to reinvent the wheel.  I just need to do consistent marketing on a monthly basis, no matter what the results are.” ~ Tim Gordon“I need to have systems in place to track and monitor my leads” ~ Tim Gordon“You have to invest to get the results” ~ Tim Gordon“You've got to get your hands dirty” ~ Justin Williams“Everything I was doing when I didn't have deals was preparing me for when I did” ~ Tim Gordon“Once you label yourself as a problem solver, you aren't surprised when problems come up” ~ Justin Williams“Reverse engineer the deal to find out who it's best for, and then go find them.” ~ Tim Gordon“Once you add value, you get paid” ~ Tim GordonTranscriptClick here to Read and Download the Transcript for Episode 31Links and ResourcesBigger PocketsBill Tan's San Diego Creative Investor's AssociationInvestClub for WomenFlip2Freedom with Sean TerryZoho.comDanny Fitzpatrick with Wells Fargo in San DiegoTim's Email: tim@gordonbuyshomes.comFacebook (facebook.com/timgordon)Leave us a Rating and Review!If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!Image Attribution:The post HFHQ 31: Tim Gordon the Action-Taking Sophomore House Flipper appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Today I share some information on how I was able to systematically build my house flipping business so that I only need to work around 5 hours a week and still flip around 100 houses a year.  These are five tips I blogged about on Danny Johnson's Flipping Junkie, but I felt deserved a bit more attention here on the podcast.Have any questions for me? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Flip TipToday I interviewed Brian Davis from the House Flipping Mastermind group who just got his first offer acceptance after 58 days from starting his house flipping journey!  He shares his background, what made him want to start house flipping in the first place, and how he found out about House Flipping HQ and the mastermind.He also gives details on how he found his property and the work that he will do on the house to add value and increase the ARV so that he can get his projected ROI.  We talk about the importance of taking action and what it takes to move forward.Show NotesIn this episode we cover:How losing rental properties helped me understand the great ROI available from flipping housesThe power of creating systems to automate and grow your businessThe Five Tips that you can apply to systematize your house flipping businessTip 1: Let others do the leg work on acquisitionsException: If you are brand new, then do as much property analysis and walk-throughs as you can until you really understand the process.Utilize your agents who are already doing part of the process for you.It will take time, but you can eventually train them to take over more and more of the acquisition and offer making leg workTip 2: Use a rehab price listThis came as a result of me seeing a lot of similarities in the price that materials were costing for our rehab jobsUsing a price-list means that you reduce negotiations with contractors and your entire rehab process can be streamlined even moreTip 3: Get those agents to work!The combination of using a general contractor and an agent is equivalent and much more efficient than hiring a project manager.My agents help to manage my rehab project <– yes, you read that right!My contractors make sure the work is 100% finished before the leave a job.  And the agents check the contractor's work and take care of all the small items related to selling a house.Tip 4: Avoid the paperwork pile-upPaperwork causes a big distraction that takes away your productivity and focusI had an attorney create a document that allows me to give authority to specific people to take care of things for me.This might not be for everyone.  I am not providing legal advice. Tip 5: Outsource the busy workStart with the easy tasks and then build from there.Always try to eliminate tasks and replace yourself over timeTweetable QuotesClick a quote to tweet it!“If you keep pushing at it, good things will come with your house flipping business” ~ Justin Williams“Just get out there and do it” ~ Brian Davis“What's bad is good and whats good is bad” ~ Justin Williams“Your house flipping machine will always need a certain amount of maintenance.  But if you build the machine then all you have is maintenance” ~ Justin Williams“Make sure it is mutually beneficial” ~ Justin Williams“Get those agents to work!” ~ Justin Williams“It is impossible to streamline and grow your business if you have your hands in every part of the machine” ~ Justin Williams“Try to see, what can you eliminate?” ~ Justin Williams“Always ask yourself, how can I 10x myself?” ~ Justin Williams“If you're going to think, you might as well think big” ~ Justin WilliamsTranscriptClick here to Read and Download the Transcript for Episode 30Links and ResourcesJust Start Real Estate with Mike SimmonsEmail Brian at brian@bamboodetroit.com or call him at (248) 470-6280My guest post on Danny Johnson's Flipping Junkie websiteThe E-MythThe 4 Hour Work WeekWin Girl Scout Cookies!Get some Girl Scout Cookies!Just for leaving a rating and review you can get yourself a box of Girl Scout Cookies!  As I've mentioned before, Ratings and Reviews are really helpful in getting other people to know about this podcast and we want to spread the word about all the content and information we're providing here on House Flipping HQ.  To get your cookies, just follow these steps!Leave a rating AND review on iTunes by going to houseflippinghq.com/podcast or searching for “House Flipping HQ” in the iTunes store and going to our podcast listing.Send an e-mail to info@houseflippinghq.com with your iTunes user name and the text you wrote in the review.In the email include your name and mailing addressFinally, let us know your top 3 preferences for flavor.  You can see a list of flavors here on the Girl Scout's website.  (We'll do our best to accommodate your request but if all 3 are gone we'll have to send you what is available.)Please allow 4 to 6 weeks for delivery. (But it'll probably be much sooner)  The next webinar is scheduled!We will have another House Flipping Webinar on Thursday, March 6, 2014 at 6PM (Pacific)/9PM (Eastern). Click on this link below to sign up!  This time I'll be focusing heavily on acquisitions!houseflippinghq.com/webinar.Leave us a Rating and Review!If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!Image Attribution: Arvindn [GFDL (http://www.gnu.org/copyleft/fdl.html) or CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0/)], via Wikimedia Commons The post HFHQ 30: 5 Tips to Create a 5 Hour House Flipping Work Week appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Jason and Katherine GroteToday we are visited by Jason and Kathrine Grote who are two house flippers out of Austin, Texas.  They are doing some amazing things with Bank financing and balancing their work and family life.Have any questions for Jason, Katherine or myself? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Flip TipA question came in from David and Kelly Kent about making offers on the MLS and structuring relationships with agents.  If you're making offers on the MLS you have a lot of competition.  Either you need to be okay with lower margins or medium-low margins and making a LOT of offers.  Full-time MLS offers are time consuming.  After one of my assistants made offers full time for 2 months we only ended up with 3 deals.  It was worth it, but very difficult.  You have to get serious with some direct marketing if the MLS isn't working to get deals.Show NotesIn this episode we cover:Jason and Katherine's journey from Taxi Cabs and Dance Studios to real estate investingThe importance of utilizing resources like House Flipping HQ and doing your research to know what you need to doThe challenges of investor clubs in Texas and things to be aware ofTheir current business model consisting of retail, wholetail, and wholesale deals.Retail: Standard MLS listing and flippingWholetail: Purchasing potential flip properties and selling it to wholesalers on the open market with less fixing upWholesale: Bringing deals to investorsTheir current methods for acquiring properties using mainly online marketing through their website and how to approach online marketing for acquiring dealsThe importance of understanding what people are going through and how it helps you get referrals.Why high-pressure sales are not a good tactic when dealing with real estateHow Jason and Katherine communicate and deal with sellersHow people can get started “driving for dollars”Their approach to dealing with out-of-state landlordsThe methods the Grote's use to analyze deals and determine the best course of actionThe flip bucket: a property that works well as a flip or wholesale dealThe buy-and-hold bucket: a property that works better as a rental or long-term holdHow the Grote's use bank financing for their flips and have done it on over 40 dealsTheir approach to rehabbing and fixing up propertiesHow the Grote's balance their family and businesses and the importance of setting boundaries and prioritiesTweetable QuotesClick a quote to tweet it!“That's the thing about this business.  There is no one manual that you can go to learn it.  You just have to get out there and learn it and talk to people and immerse yourself in it.” ~ Jason Grote“For anyone who wants to get started with online marketing … the key is to just start.” ~ Jason Grote“Internet leads need to be mixed with other marketing efforts.” ~ Jason Grote“You have to be careful how you treat people.” ~ Katherine Grote“Yes, we're in the business of making a profit, but at the end of the day everyone has to feel good about the transaction.” ~ Katherine Grote“What gives you success for longevity is treating people fairly” ~ Jason Grote“These motivated sellers need your help.  You are helping them.  The number one priority is to assist these people and do what is best for them.” ~ Jason Grote“Boundaries are really important” ~ Katherine Grote“Your business needs to serve you.  You don't serve your business” ~ Jason GroteTranscriptClick here to Read and Download the Transcript for Episode 29Links and Resourceshttp://www.ibuyaustinhouses.comhttp://www.facebook.com/IBuyAustinHousesTiffany HumfeldThanks Tiffany!This week Tiffany Humfeld dropped by the “studio” and sang an awesome intro for this week's episode.  Thanks Tiffany!Tiffany is one of the organizers for the great FIBI (For Investors By Investors) meetup in Long Beach, California.  If you are in the area be sure to check them out.  You can get more information at their meetup website here.You can also check her out at PropertySolved.com.Win 1,000 Yellow Letters! Extended Deadline!!Our yellow letter contest is still going strong!  Answer the question “This is why I became a real estate investor” or “This is why I want to become a real estate investor” in the comments for episode 27 and Michael Quarles from yellowletters.com will give 1,000 Yellow Letters to the person with the best answer. The winner will be decided at the end of Tuesday, February 25, 2014. The best answer will be the one where Michael can really “taste” your hunger to improve their life through real estate investing.And for anyone who leaves a comment Michael will also give you free business cards to help your business!Click here to enter!The next webinar is scheduled!We will have another House Flipping Webinar on Thursday, March 6, 2014 at 6PM (Pacific)/9PM (Eastern). Click on this link below to sign up!houseflippinghq.com/webinar.Leave us a Rating and Review!If you’ve found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff. Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them!Image Attribution: Arvindn [GFDL (http://www.gnu.org/copyleft/fdl.html) or CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0/)], via Wikimedia CommonsThe post HFHQ 29: Bank Financing, People Helping and Life Balancing with Jason and Katherine Grote appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.