BiggerPockets Real Estate Podcast

130: Ten Smart Tips for Making $1M+ Flipping Houses with Will Barnard

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Will Barnard recently closed on a seven-figure profit house flip (that’s right… over $1M on one single house!) In this episode of the BiggerPockets Podcast, Will shares the story, as well as 10 specific and actionable tips for anyone looking to rehab a property. Be sure to grab a pen and paper for this show… you are going to need it!

In This Episode We Cover:

  • How Will’s doing since the last time he was on the show
  • The famous 7 Figure Flip
  • All the details you want to hear about that flip!
  • The 10 things you need to become a better flipper
  • How to know your market
  • The importance of building a team before you buy
  • The members you need on your team
  • How to find quality contractors
  • The importance of negotiation as a real estate investor
  • The two numbers that you need in order to make an offer
  • The ins and outs of using leverage
  • How to build a reputation by taking care of your investors
  • The importance of learning how to manage efficiently
  • How to know where you can save (and where you shouldn’t) in flipping houses
  • And SO much more!

    • Links from the Show

    • Diary of a Seven Figure Spread (Forum Thread)
    • BiggerPockets Flipping Calculator
    • BiggerPockets Forums
    • Will Barnard’s First BP Podcast Interview
    • BP Podcast 120: How to Find, Analyze, and Finance an Incredible Real Estate Deal!
    • The Occupants from Hell (Forum Thread)

      Books Mentioned in this Show

      • The 10X Rule by Grant Cardone
      • The Book on Flipping Houses by J. Scott
      • The Book on Investing with No Money Down by Brandon Turner
      • A Million Bucks by 30 by Alan Corey
      • Trump-Style Negotiation: Powerful Strategies and Tactics for Mastering Every Deal by George H. Ross
      • Rich Dad’s CASHFLOW Quadrant by Robert T. Kiyosaki

        Tweetable Topics:

        • “You really need to get the boots on the ground to know your market.” (Tweet This!)
        • “Trying to flip from afar is really asking for trouble.” (Tweet This!)
        • “Everything you do in the real estate field — everything — pretty much is a negotiation.” (Tweet This!)
        • “Listening to people negotiate is really helpful.” (Tweet This!)
        • “There’s no right or wrong answer here. It’s a matter of finding out what do you want.” (Tweet This!)
        • “You can’t be scared to fail because you’re going to fail.” (Tweet This!)

          • Connect with Will

          • Will’s BiggerPockets Profile
          • Will’s Company Website

            • Learn more about your ad choices. Visit megaphone.fm/adchoices

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