7 Figure Flipping with Bill Allen

Rick Solis is a master of evaluating properties and is currently the main appraiser for the Norris Group.  He's appraised over 12,000 properties, averaging more than 500 per year, has done 200 real estate transactions of his own and has been involved in around 250 loans.From early beginnings buying his first rental property at the age of 20 and working as an appraiser for over 2 decades, Rick is the guy to talk to when you want to understand how to properly evaluate properties.  In part 1 of our interview we discuss his journey as well as his approach to long and short term real estate investing, specifically rental properties and dealing with tenants,Have any questions for Rick 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?Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February! If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/mastermindShow NotesIn this episode we cover:Rick's work as the main real estate appraiser for the Norris GroupThe main way Rick finds deals today and why he doesn't use Direct MailWhy Rick prefers rental properties to flipping housesRick's optimal time to sell a houseWhat Rick looks for in a house when it is occupied and how he deals with existing tenantsThe eviction process and Rick's no-stress way to evict bad tenantsWhy it's important to factor in the worst-case-scenario when you get a deal from an unknown wholesalerWhat Rick looks for when he is evaluating properties as an appraiserRick's approach to finding and analyzing comparablesThe difference between looking at comps as an appraiser vs. an investorMemorable Quotes“When I'm flipping it's just for income.  When I think of myself as an investor, I'm trying to take the profit out of a sale and move if forward.” ~ Rick Solis“I hate rental houses” ~ Rick Solis [Tweet this!]“20% of our rentals provide 60% of the hassles” ~ Rick Solis [Tweet this!]“I hate selling a house between Holloween and Valentine's Day” ~ Rick Solis“If I'm discounting the rent, then they're taking care of the maintenance” ~ Rick Solis [Tweet this!]“There is nothing worse than doing a double rehab within a year” ~ Justin Williams [Tweet this!]“You have to wear pants to court, and I hate that” ~ Rick Solis [Tweet this!]“You don't need to know everything to get started in this business” ~ Justin Williams [Tweet this!]TranscriptClick here to Read and Download the Transcript for Episode 18Links and ResourcesJoe Lahore Investment ClubNorris Group WebsiteFast EvictionInterested in the Mastermind Group? Get information here.Other Items MentionedWe are going to announce the winners for the contests with Robert Fragoso and Ryan Skalla on Episode 19 of the podcast!  I can't wait! Is it you? Come back on Friday and find out! Our recent iTunes Charity Challenge raised $360 to help out families in need during the holidays! A big THANK YOU to everyone who participated.  You helped several family's have a hope-filled holiday season!Like what you hear?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: By barrett4wi [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia CommonsThe post HFHQ 18: The King of Appraisals – Rick Solis (Part 1) appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

This is part 2 of my interview with Vanessa Feil, my house flipping assistant.  If you haven't listened to Part 1, be sure to check it out first, as it will help bring clarity and context to what we discuss here.  Click here to listen.In this episode we discuss the importance of keeping a calendar when you run a house flipping business, Vanessa's day-to-day life in our business and also how to work with and motivate a house flipping assistant to become the best asset you could ever have.But best of all?  You get to be a fly on our wall as we do our actual 2014 goal setting for our business!  Find out the specific number goals we have for how many houses we'll buy and how much profit we'll bring in, and how we come up with the data.Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February!  If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/mastermindHave any questions for Vanessa 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?Show NotesIn this episode we cover:Effectively using a calendar system to maintain systems with a house flipping business to increase productivity and efficiencyA day in the life of Vanessa — what she does and how she worksWhy a problem can be a good thingSetting up hours with your assistant in the beginning of your relationshipMore tasks that you can have an assistant do for you such as writing letters and direct marketingWhy menial tasks in the beginning are best for your assistantHow to keep your assistant motivated and ensure unlimited growth potentialHow Justin learned about the importance of showing appreciation when your assistant does a great jobA “fly on the wall” look at Justin and Vanessa discussing their business goals for 2014Streamline relationships with agents and design teams in specific areasSpecific numbers for buying (i.e. get under contract) and net profit goalsMemorable Quotes“I don't expect you to remember everything — I certainly don't — but there are systems out there we can use to make sure we don't forget.” ~ Justin Williams“You can hold all those ideas in your head, but when you write them out it's much more efficient in utilizing those ideas.” ~ Vanessa Feil“There are a million ways to make a million dollars, but unless you focus on one of them you won't make anything.” ~ Justin Williams [Tweet this!]“We get paid for problems.” ~ Justin Williams [Tweet this!]“Many people say it's hard to find good help.  I think it's more about the way they manage that help.  [Tweet this!]  You try to find the right person, but then it's your job to manage and train them.” ~ Justin Williams [Tweet this!]“No matter the scale of the project, there is always a way to streamline it to make it efficient for everybody.” ~ Vanessa Feil [Tweet this!]TranscriptClick here to Read and Download the Transcript for Episode 17Links and ResourcesBlog Post: Putting Together a Plan and Systems to Help You Reach Your House Flipping Goals For the New Year!Interested in the Mastermind Group? Get information here.Other Items MentionedDue to illness and the holidays we are going to announce the winners for the contests with Robert Fragoso and Ryan Skalla next week. I can't wait! Is it you? Come back next week and find out! Also, tune in next week to learn the results and hear a special message about our recent iTunes Charity Challenge!Like what you hear?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 17: Managing Your House Flipping Assistant with Vanessa Feil – Part 2 appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Click here to go to Part 2 of this interview!My assistant, Vanessa Feil, definitely helps my business run smoothly and I couldn't get so many things done without her invaluable help.  So, getting her on the podcast to share a bit of what she does to help my house flipping business run was something I knew you'd love to hear.  We discuss everything from how I found and hired her, what I initially paid her and the best ways to start working with an assistant.But then it gets really good and we go in to all of the tasks and responsibilities that she has within my company and how she has become an indispensable part of my team.  She describes our entire house flipping process from working with wholesalers, buying, financing and more!  And this is just Part 1!  We'll have Part 2 up in another 2 days so come back then, but in the meantime, be sure to get in on this amazing interview with my awesome assistant, Vanessa!Have any questions for Vanessa 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?Show NotesIn this episode we cover:How I met and hired Vanessa, including pay, compensation, training and responsibilitiesBasic things you can have an assistant do when you first hire themHow Vanessa grew in the business over timeThe number one thing I look for when I hire an assistant or employee: an ability to take and understand constructive criticismVanessa's transition into managing the trustee sale part of the businessThe importance of streamlining and setting up systems with your assistantWhat is was like when Vanessa took over the rehabbing process and initial challenges working with contractorsAnswers to a listener question related to the role of an assistantVanessa's current day-to-day responsibilities with our house flipping projects and how she keeps things organizedVanessa's process for buying properties using agents and wholesalers and expectations on how deals have to be brought to themThe importance (and challenges) of training the people who are a part of your deal acquisition funnelWhy Justin never wants Vanessa to ask him questions, and what she does insteadVanessa's entire process and systems for financing properties with private money lenders and hard money lendersThe checklist of processes that happen once the property is bought and is ready to be rehabbedMemorable Quotes“It is so important when hiring an assistant that, number one, you find someone who can take constructive criticism, and number two, that you are willing to give it.” ~ Justin Williams“Too many hands in the pot make things too confusing [Tweet this!] … the more that the contractor can handle and be responsible for, the smoother its going to go; for us and for them.” ~ Vanessa Feil“Don't expect your assistant to do all this at first. … Start with the basics.” ~ Justin Williams [Tweet this!]“One important key factor in organizing all of this is having your spreadsheets — its a bit part of how we streamline everything so it doesn't get overwhelming.”  ~ Vanessa Feil“The more information you get, the more you want to work with the property, or work with the person in general.” ~ Vanessa Feil [Tweet this!]“I don't know of any business where you can run an effective business without trusting people.” ~ Justin Williams [Tweet this!]TranscriptClick here to Read and Download the Transcript for Episode 16Tweet This!Links and ResourcesBlog Post: Putting Together a Plan and Systems to Help You Reach Your House Flipping Goals For the New Year!Interested in the Mastermind Group?  Get information here.Other Items MentionedDue to illness and the holidays we are going to announce the winners for the contests with Robert Fragoso and Ryan Skalla next week.  I can't wait!  Is it you?  Come back next week and find out! Like what you hear?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 16: Hiring and Working with a House Flipping Assistant with Vanessa Feil appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

This is Part 2 of our wholesaling mini-seminar with Ginger Macias.  If you haven't had a chance to listen to part 1, be sure to head over there and chck it out. There are some real gems in that part of the interview.In today's conclusion Ginger discusses the rest of her 5 steps to wholesaling, with great details on analyzing deals, getting properties under contract, finding buyers and closing your deal.  Plus, she goes even farther by providing 7 “Pro-Tips” that will help you bring your wholesaling business even farther!Have any questions for Ginger 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?Show NotesIn this episode we cover:More of Ginger's five steps to wholesaling, and which two are the most crucial.Find the sellerWorking with (and making friends with) other wholesalers to get deals.The only two things you need to do to get a flow of deals (hint: neither of them involve lists!)Analyze the dealWhy this is the most essential skill for a wholesaler (or house flipper) to have.The primary goal is to find the ARV (After Repair Value) for a property.The number of sold properties with similar attributes (finding comps).The specific tools ginger uses to analyze deals.The three things you need to look for with properties: time, place and type.Why you should pay attention to price per square footThe percentages Ginger uses to figure out her offer price and ARVGet the contractHow to know your MAO (Maximum Allowable Offer)Ginger's method for submitting an offer to a seller and the terms she uses in her contract.The only contingency that Ginger puts on her contracts: inspection!Why you don't need to know how to fill out a form to make offers.Find the buyerWhy this is actually the first step, not the fourth step.The importance of networking and how to find buyers.The websites and social networks Ginger uses to find buyers.Ginger's online marketing systems to share your deals with buyers.The information you need to give buyers so that they can make decisions quickly.Close the dealHow to weed out the non-buyers from the buyers.How to do a simultaneous close.Mental blocks that stop most beginning wholesalers from getting to that first deal.Ginger's “Pro Tips” for wholesalingWork hard for your money — do your own homework, comps and due dilligenceNo daisy chains! — work with just one other wholesaler at a time.Don't get greedy — there is more than money in the deal.Make lots of friends — friends don't cheat each other.  It's all about relationships.Have a professional image — Show the best of yourself to othersListen to the needs of others — helping others will help yourselfContinue learning — never stop learning!Memorable Quotes“Do not get emotional about a deal.  Always run your deals through the numbers.” ~ Ginger Macias [Tweet this!]“Don't worry about the money.  Your job is to find properties.” ~ Ginger Macias [Tweet this!]“The more you do it, the better you'll get.  The first time I was analyzing deals it took me an hour or two hours … now it doesn't even take me 10 or 15 minutes.” ~ Ginger Macias“You want to be as easy to work with as possible.  If you're really easy-going agents will love you.” ~ Ginger Macias“Don't let the paperwork get in the way. Don't let the contract get in the way.  Just get your offer in front of sellers.” ~ Justin Williams“Work hard for your money” ~ Ginger Macias [Tweet this!]Links and ResourcesOCWholesalers.com (for buyers)RealEstateInsiders.co (for students)“Rich Dad, Poor Dad” by Robert Kiyosaki [affiliate link]realestatecashnetwork.comProbate lead companies on GoogleForeclosureforum.com – Ward Hanniganlistsource.comcraigslist.orgfeedly.comflipcomp.comProperty RadarGoogle Maps (maps.google.com)firsttuesday.us (California real estate forms)Bigger PocketsLinkedInFacebookAweberSimultaneous close (on Ginger's membership website)TranscriptClick here to Read and Download the Transcript for Episode 15Other Items MentionedDon't forget that you have just one more week to enter our marketing challenge contest with Ryan Skalla.  Post up your biggest marketing challenge and enter to win a chance for a free 20 minute coaching calll with Ryan and myself.  Click here for details.Win a private coaching call with Justin and Ryan!Our contest with Robert Fragoso is over and we will announce the winner of the VIP House Flipping networking event tickets next week!Like what you hear?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 15: Part 2 – Wholesaling Pro-Tips with Ginger Macias appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Merry Christmas everyone! Today Santa is bringing you some serious house flipping knowledge in the form of Ginger “the Wholesaling Queen” Macias and her veritable mini-course on wholesaling.With all the information Ginger shares we had to break this interview up in to two episodes again.  (This is becoming a habit!)  In Part one Ginger shares how she got started in real estate investing and then gets really detailed with the first of her five steps to wholesaling: finding the seller.  If you want to know how a successful wholesaler finds deals, then you really have to hear this episode!On Friday we'll post up part 2, so be sure to check back here for that one!   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:Ginger's background and how she discovered real estate investing and went “all in” with her business, plus lessons learned from her early experiencesThe importance and examples of sticking with things and never giving up with House FlippingWhat is wholesaling? And why is it a great way to make money with zero capital or risk.Ginger's five steps to wholesaling, and which two are the most crucial.Find the sellerHow the state of the market determines the type of sellers you try to find.The importance of creating a website and online marketing.How, where and when to use bandit signs in today's market with the best results.Where and how to find probate lists, foreclosure lists and more.Ginger's approach to “driving for dollars”.How Ginger works with real estate agents to find deals.Ginger's step-by-step method to use Craigslist to find deals (and what to look out for!)TranscriptClick here to Read and Download the Transcript for Episode 14Memorable Quotes“Never give up” ~ Ginger Macias [Tweet this!]“Try not.  Do or do not. There is no try” ~ Yoda [Tweet this!]“80% of your success comes from your attitude” ~ Ginger Macias [Tweet this!]“The most dangerous of human traps, is the dungeon of comfort” ~ Robert Kiyosaki [Tweet this!]“As a wholesaler, your number one priority is to know your market, and to know your after repair value” ~ Ginger Macias [Tweet this!]Links and ResourcesOCWholesalers.com (for buyers)RealEstateInsiders.co (for students)“Rich Dad, Poor Dad” by Robert Kiyosaki [affiliate link]realestatecashnetwork.comProbate lead companies on GoogleForeclosureforum.com – Ward Hanniganlistsource.comcraigslist.orgfeedly.comflipcomp.comProperty RadarGoogle Maps (maps.google.com)firsttuesday.us (California real estate forms)Bigger PocketsLinkedInFacebookAweberSimultaneous close (on Ginger's membership website)Other Items MentionedDon't forget that you have just one more week to enter our marketing challenge contest with Ryan Skalla.  Post up your biggest marketing challenge and enter to win a chance for a free 20 minute coaching calll with Ryan and myself.  Click here for details.Win a private coaching call with Justin and Ryan!Our contest with Robert Fragoso is over and we will announce the winner of the VIP House Flipping networking event tickets next week!Like what you hear?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 14: Part 1 – Ginger Macias Shares Her Wholesaling Process appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Discover the next evolution in your business with master of direct marketing, Ryan SkallaRyan Skalla is a direct marketing machine! In the last 10 years he went from leaving a job in software development and buying his first subject 2 property to creating a marketing funnel that has helped his house flipping business grow by 400% in the last 6 months. We cover so much in this interview that I had to break it in to two parts!Today is part 2, so if you haven't listened to part 1, be sure to check that out first.  Click here to listen.In this part of the interview Ryan shares more information about marketing and how we was able to increase his ad spend by 40% with complete confidence, his approach to lists and how he finds the best prospects, and what he spends 80% of his personal development time learning about (and it isn't real estate!).  Ryan really delivers and shares specific steps on how to discover the next evolution in your house flipping business.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:The three parts of marketingGeographic – locationDemographic – personPsychographic – typeWhy Ryan increased his ad spent by 40% without hesitationHow to know when your marketing is causing a reactionRyan's approach to lists to find the best prospectsLook for anomalies, commonalities and patternsWhat Ryan spends 80% of his professional time learning about and why he doesn't study about real estateThe value of effective copy writing and why it is a good idea to outsource this skill set.How Justin and Ryan are going to raise their professional relationship to the next levelWhy Direct Mail response rates are irrelevantThree steps to discovery the next step in your business evolutionTrackingFill the holesImprove and Scale your KPI'sMail, calls, offers, deals, average profitWin an a personal consultation with Ryan and Justin with their Marketing Challenge Competition.Write your biggest marketing challenge in the comments below, receive our feedback, and you will be entered to win!Win a private coaching call with Justin and Ryan!Memorable Quotes“Business … is about controlling your emotions” ~ Ryan Skalla [Tweet this!]“What gets measured gets improved … if you don't know your numbers how can you expect to improve them?” ~ Ryan Skalla [Tweet this!]“I don't care about the 99 who didn't respond.  I only care about the one that does.” ~ Ryan Skalla“Time and circumstance will change all seller's minds” ~ Ryan Skalla [Tweet this!]“In the beginning you are sort of gambling, you're trying to see what works, but now I have results so if I do this again, I'm going to make money again.” ~ Ryan Skalla“Nail it and scale it.” ~ Ryan Skalla [Tweet this!]Images and PhotosIn today's episode I mention that, even though I spent a “day off” from House Flipping, I was still able to connect with some realtors, a private money lender, and got a lead on a house to purchase.  All this while the rest of my business was still operating. The reason I share this is to let you know that you never know where opportunities and relationships will come from so always be open to sharing who you are and what you're doing with those you meet.Here are some pictures of my daughter and I when we went to purchase our truck.Justin and his daughter saying goodbye to their old DodgeJustin and his daughter buying a truckOther Items Mentioned“STARTING or Taking Your Business to the NEXT Level!”Also, don't forget to enter the contest that Robert Fragoso and I have running until Saturday, December 21, 2013.Some more details … Robert and I are putting together an amazing opportunity for you to meet and discuss real estate investing with some of the top people in the game. Here's what you have to do:In the comments section of Robert's podcast show notes page, write down something specific you will do in the next week to either get your house flipping business started or to take it to the next level. It should be specific, measurable, and actionable.Until Saturday, December 21, 2013, Robert and I will review your entries, provide some feedback/suggestions, to make sure you are on the right track and then pick one of you to join us at an amazing networking event in the private Hyde Lounge at an upcoming Clippers basketball game.Don't over complicate it. The winner will be chosen based on the simplicity of their actionable item and how it will directly help them either begin or improve their business. Oh and you have to actually do what you say you are going to do TranscriptClick here to Read and Download the Transcript for Episode 13Like what you hear?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 13: Part 2 – Direct Marketing Masterclass with Ryan Skalla appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Discover the next evolution in your business with master marketer, Ryan SkallaRyan Skalla is a marketing machine!  In the last 10 years he went from leaving a job in software development and buying his first subject 2 property to creating a marketing funnel that has helped his house flipping business grow by 400% in the last 6 months.  We cover so much in this interview that I had to break it in to two parts!Today in part 1 of this interview we cover Ryan's amazingly detailed approach to marketing and how he's brought his analytical skills from software to enhance his real estate investing business.  Learn how he approaches his marketing systems to focus his energy and time so he can bring about the greatest results to super-charge his house flipping machine!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:Ryan's history and background from Software to Real EstateHow Ryan was able to use the power of vision to create an amazing breakthrough in his businessThe power of analysis and how it transformed Ryan's direct marketing effortsThe 5 important Key Performance Indicators (KPI's) in Ryan's house flipping businessMailCallsOffersDealsAverage ProfitRyan's implementation of the 80/20 ruleWhy Ryan doesn't care about a seller's motivationThe problem most direct marketing materials suffer from and how you can change your approachWhere beginners can start with direct marketingWhy mailing to general absentee lists is a waste of time and moneyThe 3 legged bar stool of direct marketing and what each leg does for you.MessageMediaMarketResources and Links MentionedRich Dad, Poor Dad by Robert Kiyosaki (Affiliate Link)Memorable Quotes“You can fail 90% of the time and still have more successes than failures” ~ Justin Williams“Fall down eight, stand up nine” ~ Ryan Skalla [Tweet this!]“My goal is to make my wholesalers make as much money as possible” ~ Justin Williams“A lot of my business is based on things that I don't want to do” ~ Ryan Skalla [Tweet this!]“Discover the next evolution in your business” ~ Ryan Skalla [Tweet this!]“How much mail did you send, how many calls did that mail generate, out of those calls how many were worth making offers on, and out of those offers how many deals did you get?  Multiply the deals by your average profit and there is your ROI” ~ Ryan Skalla“Real estate is the best opportunity that I've found to apply my skills and make the most money” ~ Ryan Skalla“Making offers is like playing the lottery for free” ~ Ryan Skalla [Tweet this!]“You will only attract to the extent that you're willing to repel” ~ Ryan Skalla [Tweet this!]“People only trade equity for peace of mind” ~ Ryan Skalla [Tweet this!]Other Items MentionedThe First EVER House Flipping HQ COMPETITION!!!  “STARTING or Taking Your Business to the NEXT Level!”Also, don't forget to enter the contest that Robert Fragoso and I have running until Saturday, December 21, 2013.Some more details …  Robert and I are putting together an amazing opportunity for you to meet and discuss real estate investing with some of the top people in the game.  Here's what you have to do:In the comments section of Robert's podcast show notes page, write down something specific you will do in the next week to either get your house flipping business started or to take it to the next level.  It should be specific, measurable, and actionable.Until Saturday, December 21, 2013, Robert and I will review your entries, provide some feedback/suggestions, to make sure you are on the right track and then pick one of you to join us at an amazing networking event in the private Hyde Lounge at an upcoming Clippers basketball game.Don't over complicate it.  The winner will be chosen based on the simplicity of their actionable item and how it will directly help them either begin or improve their business.  Oh and you have to actually do what you say you are going to do TranscriptClick here to Read and Download the Transcript for Episode 12Help out a Family this Holiday Season!Justin's iTunes charity challenge!  We have just a day or two until this charity challenge ends on December 20, 2013 and we only need 4 more ratings and reviews to meet our goal!Your iTunes ratings and reviews can help a family in need this holiday season.  Plus you get a great free gift and amazing resources that Justin uses in his own business. Subscribe, rate and review the podcast and then e-mail me at info@houseflippinghq.com with your iTunes name!Like what you hear?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 12: Part 1 – Direct Marketing Masterclass with Ryan Skalla appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

How to streamline your house flipping business, get your deals funded and Robert's market predictions for 2014!Robert Fragoso, a hard money lender with Anchor Loans in Southern California, has been in this business for over 20 years, has overseen loans totaling over $1.6 Billion (yes, Billion, with a “B”), and from the more than 5,000 deals he analyzes each year, has his hands in more than 1,500 transactions — per year!.  Not only that but this guy is a Master Networker and all around great guy.Today he provides some incredible insights on the real estate investing business.  From how money lenders analyze your deals, to the importance of networking in developing your business, Robert goes in to some amazing detail in this, the longest podcast we've ever produced.  He even provides some great predictions on where the market will go in 2014.We discuss just about everything you can imagine, and if you've ever wanted to hear a conversation on some high-level investing topics, or just want to get an understanding of how a beginner house flipper can approach a lender, then this is something you need to listen to.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:Robert's background in real estate investing and how he developed his business to over $1.6 billion in loans.Keys to hiring and where you can find the best people to learn your systemsRobert's number one goal with his businessHow to work with and qualify contractorsDo's and Don'ts of evaluating properties and how to analyze dealsThe importance of networking, including a recent networking event of Robert's which Justin attendedEffective things to do when attending a networking eventStrategies and practices of a hard money lenderThe first things you should do when you find a dealIn L.A. 38% of all deals are cash deals.  Nationwide it is 58%.The #1 trigger word you should never use with lendersThe three things you absolutely should do when evaluating a hard money lenderRobert's number one pet peeve when it comes to writing offersThe things Robert looks for when new house flippers come to him with a dealThe one thing most beginners grossly underestimate with their dealsWhat Robert can offer to house flippers — from 100% financing, gap lending and even running the rehabRobert's analysis of today's Market and where he sees it going in 2014The best time to buy a propertyThe affect of the Affordable Health Care Act on the real estate market and what is means for borrowersFirst EVER House Flipping HQ COMPETITION!!!  “STARTING or Taking Your Business to the NEXT Level!” Some more details …  Robert and I are putting together an amazing opportunity for you to meet and discuss real estate investing with some of the top people in the game.  Here's what you have to do:In the comments section below, write down something specific you will do in the next week to either get your house flipping business started or to take it to the next level.  It should be specific, measurable, and actionable.Over the next week Robert and I will review your entries, provide some feedback/suggestions, to make sure you are on the right track and at the end of the week we will pick one of you to join us at an amazing networking event in the private Hyde Lounge at an upcoming Clippers basketball game.Don't over complicate it.  The winner will be chosen based on the simplicity of their actionable item and how it will directly help them either begin or improve their business.  Oh and you have to actually do what you say you are going to do Help out a Family this Holiday Season!Justin's iTunes charity challenge!  Your iTunes ratings and reviews can help a family in need this holiday season.  Plus you get a great free gift and amazing resources that Justin uses in his own business. Subscribe, rate and review the podcast and then e-mail me at justin@houseflippinghq.com with your iTunes name!Resources and Links MentionedAnchor LoansRobert's Facebook pageA Gilded Life (Robert's wife's website)House Flipping HQ's Forms ToolkitHFHQ Podcast Episode 5 with Kristi Cirtwill and Evan YoungerHyde Lounge at the Staples CenterThe Department of NumbersMemorable Quotes“The people you do a lot of business with you also have to get along with” ~ Robert Fragoso [Tweet this!]“The systems that you use when you're buying 1 house a year vs. 100's of houses a year are completely different.” ~ Robert Fragoso“The point where you're getting too busy, it's too late — you've already lost efficiency” ~ Robert Fragoso“We qualify our contractors much like we qualify our borrowers” ~ Robert Fragoso“You have to realize that in this business you're either a deal guy or a business guy” ~ Robert Fragoso [Tweet this!]“If this is your business, just like any other business, you have to invest in the tools of that business.  You can't be a chef without a stove.  You can't be a contractor without a hammer.  You can't be a real estate investor without access to the MLS and the right valuation tools.” ~ Robert Fragoso“I love networking as a part of the system to buy more deals.” ~ Robert Fragoso [Tweet this!]“I would rather go out and leverage other people's work product than go out myself” ~ Robert Fragoso“Gone are the days where [you can] make 18% on a deal” ~ Robert Fragoso“We pay 100% of what the property is worth when we buy it. … We are adding value by the work product that we do.” ~ Robert Fragoso“You have to be willing to set up your business in such a manner that you can take off to Hawaii and not worry, and it still continues.  If you leave at any point and it stops, then you don't have a business — you're a deal guy.” ~ Robert Fragoso“No agent expects you to buy everything.  But when you think you're not going to buy it, get to that answer quickly.” ~ Robert Fragoso“There's always money for a good deal.” ~ Robert Fragoso [Tweet this!]“The good thing about real estate is that you can quantify most of your risk.” ~ Robert Fragoso“[House flipping] beginners grossly underestimate the cost of the rehab.” ~ Robert Fragoso [Tweet this!]“This isn't a business where you gamble.  This is a … business with calculated risk.  … It is more important to preserve your capital than make more capital.” ~ Robert Fragoso“Buy when the price is lower, not when the interest rates are lower.” ~ Robert Fragoso“Become the expert of your craft” ~ Robert Fragoso  [Tweet this!] TranscriptClick here to Read and Download the Transcript for Episode 11Like what you hear?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 11: Take your business to a whole new level with Robert Fragoso appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Brian Daly and Patrick Clark are “The REIG Renovators”In this episode of the House Flipping HQ Podcast, Patrick Clark and Brian Daly share their beginnings in real estate investing and how they built a successful business, starting out as wholesalers and creating a house flipping business at break-neck speeds.They give useful information on what they did, and what you can do, to follow your vision and follow through on your dreams.Like what you hear? 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:Patrick and Brian's beginnings with real estate investingKeys to the success of their business, including …The importance of “buying into your vision” and following through, both for yourself and for those in your life.Getting out of your comfort zone and meeting like-minded, successful people who also have inner drivePatrick and Brian's 10 pillars of generating business for real estate investorsNetworkingRelationshipsFlyersAdwordsDirect MailEventsEmail newslettersSignsSocial MediaLeverating relationshipsWays to scrub the MLS to get dealsThe importance of developing relationships and the best ways to find the right people to meet and networkImportance of making partnerships or joint ventures with people who know the market well if you are new to real estate investing.Advantages and methods for every-door direct marketingThe importance of watching your numbersInsights on how to get your deals financed.Patrick and Brian's methods to finance all of their dealsManaging and developing a system for the rehab processREIG's donations to Wounded Warrior HomesOther topics covered:Justin's iTunes charity challenge!  Your iTunes ratings and reviews can help a family in need this holiday season.  Plus you get a great free gift and amazing resources that Justin uses in his own business. Subscribe, rate and review the podcast and then e-mail me at justin@houseflippinghq.com with your iTunes name!We've been asked to do some coaching or a possible mastermind group for new house flippers and I'd like to see what the interest level is.  Leave a comment below if this is something you think you'd be interested in.  Check the end of the episode to hear me discuss it in more detail.Resources and Links MentionedREIG Group websiteREIG Group facebook pageUSPS – Every Door Direct MailWounded Warrior HomesInterview with Tony AlvarezInterview with Tucker MerrihewZillow.comMemorable Quotes“A lot of people go out there to these investment club meetings and spend all this time and money but never actually go out there and make action on it, and i can see how that would be frustrating from the significant other's point of view.  We immediate went out there, made action, and started making things happen, and that got them to buy in very quickly” ~ Brian Daly“You've got to go out there and talk to people.  Find out what they're doing.  People love talking about what they're doing.  The people who do it well have pride in what they do.” ~ Brian Daly“One of my favorite quotes, and I'm probably botching this, but Jerry Rice said, ‘I do today what others won't, so that tomorrow I do what they can't‘.  (Tweet Jerry Rice's Quote!) You know it takes going out of your comfort zone, putting yourself around people that you're not used to is what's going to create that change.” ~ Patrick Clark“If you want to be a millionaire, go hang out with millionaires.  (Tweet This!)  You're not going to do it hanging out with your buddies at the bar drinking.  … If you hang out with the people who are doing what you want to do, you'll start to do what they do.”~ Patrick Clark“It's not about competition, because there is plenty to go around out there.  You just have to know the right areas to look.”~ Patrick Clark“That's the beauty and the thing I love about this industry.  People are willing to share in their success.  You don't have to go through the traditional routes of education.  It's just a matter of getting off your behind and go and do it.”~ Patrick Clark“Don't focus on ‘what am I going to say to get this deal?'.  Focus on ‘what am I going to say that separates me from the other 10 investors that are calling this agent?'.” “You won't last long in this industry if purely greed and money are your focuses.  It should be more about doing the right thing.  (Tweet this!)  It's an opportunity to revitalize some run-down houses out there, but also have an impact on the people that are around you — your teams and your community.” ~ Patrick Clark“If you do a good job [with the rehab] the house will sell itself.” “If you focus on doing the right thing, the money will come.” (Tweet this!) ~ Patrick ClarkTranscriptClick here to Read and Download the Transcript for Episode 10Like what you hear?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 10: Patrick Clark and Brian Daly with Tips for House Flipping Success appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Danny Johnson the Flipping JunkieDanny Johnson, the “Flipping Junkie”, shares his insights on marketing and wholesaling properties.  With an amazing online funnel he is able to generate leads through his website and also provide an amazing resource for people who want to learn about house flipping online. Like what you hear? 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:Danny Johnson's beginnings as a real estate investor and house flipperTechniques for better wholesaling and house flippingMethods for better deal acquisitionHow to get the right mindset for flipping housesThe most important things to spend your time on with house flippingThe importance of goal setting as an investorWays to get a house under contractMethods for evaluating dealsThe right way to market to direct sellersSubscribe, rate and review the podcast for your free gift! and then e-mail me at justin@houseflippinghq.com with your iTunes name so I can send it over!Resources and Links Mentioned:Flipping Junkie (Danny's site about house flipping)Danny Buys Houses (Danny Johnson's lead generation websiteSEO Made Simple (Third Edition): Strategies for Dominating the World's Largest Search Engine (affiliate link)Memorable Quotes“People get cold feet and they don't realize that it's an investment.  … It builds over time.  What you do now affects what you do 3 months down the line.  Not next week.  Not tomorrow.” ~ Danny Johnson“If you aren't sick enough of where you are, what you're doing and what your life is looking like, then you don't have a big enough reason to get out of your comfort zone.” ~ Danny Johnson“Spend your time on the 20% of the things that get 80% of the results.” ~ Danny Johnson [tweet this!]TranscriptClick Here to Read and Download the Transcript for Episode 9Like what you hear?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 09: Danny Johnson on Marketing and Wholesaling appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.