7 Figure Flipping

Last year, Nixon made about $80,000 profit through wholesaling… and he did it while taking care of his young son and commuting to his full-time job every day.

Nixon really enjoys real estate investing… but when he first got started, he was really struggling to find deals and make them work…

It turns out he was getting just one major thing wrong on every offer he submitted.

In today’s episode, Nixon shares his story, what he’s learned, and how he’s been able to go from doing no deals to making $80,000 in one year, without even quitting his full time job!

A few takeaways from today’s episode.

• What the “baby effect” is, and why Nixon is experiencing it now…
• Why entrepreneurs tend to either make it big or fizzle out completely…
• How House Flipping Formula helped Nixon start closing deals…
• Why Nixon has “two jobs…”
• How Nixon got started in real estate…
• Why it’s important to pay for education, rather than trying to learn for free (this might surprise you)…
• How to negotiate with sellers so they don’t get defensive…
• The issue Nixon had with determining ARV, and how one of the HFF coaching calls helped him resolve it…
• Why the “70% rule” is flawed, and how it was preventing Nixon from doing deals…
• The number of deals Nixon did in 2015, and the profit he made… while keeping his full-time job…
• What Nixon has been able to do for his family and his parents because of the money he’s made wholesaling…
• Why Nixon is now focusing on systematizing his business…

• The doors to House Flipping Formula will be open for just a few more days!  Andy and I are taking on new students… and if you want to get your house flipping or wholesaling business off the ground (or take it to the next level), we’d love to help you make it happen!  Head over to HouseFlippingFormula.com to learn more and sign up!

If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e at it, leave us a rating (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff!  If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them!

The post HFHQ 125: How Nixon Made $80,000 Last Year Wholesaling “On the Side” appeared first on House Flipping HQ.

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Years ago, I knew nothing about real estate.  The same is true for Andy McFarland… when he first got into real estate, he didn’t even know what wholesaling was.

We all start somewhere.  For most of us, that means starting at square one… and that was definitely the case for Andy and me.

But today, Andy runs a $2,000,000+ per year wholesaling business.

If he can start with nothing and grow a hugely successful business, you can, too.  So how did he do it?

Today on the podcast, I’m sharing the audio from a webinar we held the other day… and in this episode, Andy breaks down how he went from 0 to 160 deals a year!  Check it out!

A few takeaways from today’s episode.

• How Andy went from 0 to 160 deals a year…
• The specific changes Andy made )and when he made them) to remove himself from the day-to-day operations of his business…
• The one thing Andy hated to do (that was keeping him from scaling his business)…
• The last “job” within his business Andy gave up…
• How outsourcing and hiring the right people has completely transformed Andy’s business…
• Plus, a deep dive into what’s included in House Flipping Formula 3.0!

• The doors to House Flipping Formula are open for just a few more days!  Andy and I are taking on new students… and if you want to get your house flipping or wholesaling business off the ground (or take it to the next level), we’d love to help you make it happen!  Head over to HouseFlippingFormula.com to learn more and sign up!

If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e at it, leave us a rating (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff!  If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them!

The post HFHQ 124: How Andy Went from 0 to 160 Deals a Year: Webinar appeared first on House Flipping HQ.

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You don’t have to be doing 100+ deals a year to make a solid income flipping houses.  In fact, you don’t even have to be flipping full-time…

Terry is a House Flipping Formula member who’s only been flipping for about 18 months… and last year, he did 5 deals and kept a nice profit of $153,502, without quitting his “day job.”

Not bad, right?!  

This year, he’s aiming to make $900,000… no, I’m not kidding!  Listen in on this interview for the whole story…

A few takeaways from today’s episode.

• Terry’s background in real estate… and how he got started…
• What happened when the recession hit…
• Terry’s desire to find a “better way” to make money in real estate…
• Terry’s “lightbulb moment” when he realized how he could start investing…
• What happened with the first lead Terry got when he started his flipping business…
• How Terry made $46,000 on his first “real” flip…
• How Terry didn’t let “the paperwork” hold him back…
• How Terry did 11 deals in 18 months since joining House Flipping Formula…
• The numbers of some of Terry’s deals…
• How Terry is able to manage his investing business and his real estate brokerage simultaneously…
• Why Terry is focusing on flipping… and how he includes his family in his business…
• How Terry has been able to bless people and help others as a result of his flipping business…

• Terry recommends Michael Gerber’s book The E-Myth, which he says has helped him create a business rather than just a job for himself.
• The doors to House Flipping Formula are officially open!  Andy and I are taking on new students… and if you want to get your house flipping or wholesaling business off the ground (or take it to the next level), we’d love to help you make it happen!  Head over to HouseFlippingFormula.com to learn more and sign up!
• Tonight (February 18), Andy and I are hosting a free live webinar all about wholesaling and how Andy went from 0 to 160 deals a year!  Click here to reserve your spot on the call!

If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e at it, leave us a rating (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff!  If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them!

The post HFHQ 123: How Terry Made $153,502 Profit from Just 5 Deals in 2015 appeared first on House Flipping HQ.

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Hey everyone!  Today is a great day.    As you may have heard, Andy and I just opened the doors to House Flipping Formula 3.0… and we’re super excited for some of the awesome things we have planned!

But today is also great because I got to interview my friend Marina, a House Flipping Formula member who is absolutely crushing it in her wholesaling business right now… she put 7 deals under contract last week alone!

Marina is a rock star, and she has some great advice for newer investors… let’s dive in!

A few takeaways from today’s episode.

• Marina’s background in real estate, and how she started as an agent…
• How Marina got started before she even knew whether it would “work” or not…
• How she pulled off her first deal, even handwriting the contract she used…
• The ways Marina tests out and experiments with her direct mail…
• Her focus on building systems during this past year…
• Why Marina feels like she starting building a team too soon…
• How Marina handles incoming phone calls from direct sellers…
• Marina’s recent week in which she got 7 properties under contract in one week…
• Why Marina says the support of a group like the House Flipping Formula community is so important…
• The power of association and why being around the right group of people can completely change your trajectory…
• What the income she has made from wholesaling has allowed her to do for her mom…
• Marina’s huge goal for 2016….

• The doors to House Flipping Formula are officially open!  As of today, Andy and I are taking on new students… and if you want to get your house flipping or wholesaling business off the ground (or take it to the next level), we’d love to help you make it happen!  Head over to HouseFlippingFormula.com to learn more and sign up!
• On Thursday, February 18, Andy McFarland and I are hosting a free live webinar all about wholesaling and how Andy went from 0 to 160 deals a year!  Click here to reserve your spot on the call!

If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e at it, leave us a rating (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff!  If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them!

The post HFHQ 122: 7 Deals in 1 Week: How Marina is CRUSHING IT in Her Wholesaling Business appeared first on House Flipping HQ.

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I often interview investors who have “made it,” who are doing 50 deals or 100 deals a year.  But I think it’s equally important to hear from guests who are inspirational in other ways, who are in the midst of the journey.

I’ll be honest… I know sometimes it’s easy to look at someone like me or Andy and think, “They’re not like me.  I’ll never get there.”  But of course, that’s just false… we’re just normal guys like anyone else.  We just happen to be a bit farther along.

Today, I want you to meet Tim, a House Flipping Formula member who is currently juggling his real estate investing business, a full time job, 4 kids, and school… and he’s using a combination of systems and partnerships to pull it off!

A few takeaways from today’s episode.

• The awesome stuff that Tim has going on…
• Tim’s background and how he got into real estate…
• Tim’s experience when he first started with House Flipping Formula…
• Why Tim suffered from “analysis paralysis…”
• Why taking action and moving forward even though you might fail is so important…
• How Tim is working with a partner to do deals…
• How Tim is juggling his extremely busy schedule…
• Why direct mail wasn’t a good marketing option for Tim…
• How Tim sets expectations with the sellers he works with… and how he gets the motivated ones to come out of the woodwork…
• Tim’s system for how he handles all the aspects of his business…
• Tim’s goals for the future…

• On Thursday, February 18, Andy McFarland and I are hosting a free live webinar all about wholesaling and how Andy went from 0 to 160 deals a year!  Click here to reserve your spot on the call!
• The doors to House Flipping Formula are opening TOMORROW!  Hope you're ready!  Head over to HouseFlippingFormula.com!

If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e at it, leave us a rating (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff!  If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them!

The post HFHQ 121: How Tim Flips Houses While Working a Full-Time Job: Systems and Partnerships appeared first on House Flipping HQ.

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Ever wondered just how much money you can make on a single wholesale deal?  Usually the fees you get from wholesaling are anywhere from $5,000 to $15,000 per house…

But as one of my students, Crystal, recently found out, you can make a WHOLE LOT MORE than that!

Crystal has been investing full time since 2014… and the story of how she made this $100k+ wholesale happen is proof of why you should never, ever give up on a deal… listen in and check it out!

A few takeaways from today’s episode.

• Crystal’s background and how she got started investing in real estate…
• Why Crystal first became interested in real estate investing…
• Why getting fired from her job was a “blessing in disguise…”
• The two acquisition strategies Crystal started with…
• Why followup is so important even months and months after the first “no…”
• Why so many “guru” courses are ineffective…
• The marketing methods Crystal is focused on right now…
• How Crystal’s recent “big deal” went down… and how she made a 6-figure wholesale fee…
• Crystal’s two pieces of advice for new investors…

• On Thursday, February 18, Andy McFarland and I are hosting a free live webinar all about wholesaling and how Andy went from 0 to 160 deals a year!  Click here to reserve your spot on the call!

If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e at it, leave us a rating (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff!  If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them!

The post HFHQ 120: How Crystal Made $100k+ From a Single Wholesale Deal (Hint: She Refused to Give Up) appeared first on House Flipping HQ.

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I just got back from a 3-day real estate mastermind meeting where I hung out with some of the nation’s top investors… and it was awesome.  

I want to share with you a few takeaways from this event.

There’s a lot to cover… where the market is headed, how to 10X your business, how to get 30% more deals through followup, what you should be doing right now if you don’t want to lose money… and more.

Let’s dive in!

A few takeaways from today’s episode.

• The power of the law of association, and what it can do for you…
• Where there’s a will, there’s a way… if you want to make this business happen, you can…
• Why the hardest part of investing is at the beginning, when you’re new…
• When you feel like you want to quit, that’s when most people quit… and that’s when you need to keep going…
• Why working with other people (and not against them) is so important in this business…
• Why the “last 10%” of what you learn is what will 10X your business…
• How much I’ve spent on educating myself this past year… and why I did it…
• Why it’s important to invest in yourself…
• An update on the trajectory of the real estate market… and what it means for YOU…
• The 2 things you should be doing if you can’t afford to lose any money…
• Why followup is so important… even on dead leads…

• If you haven’t checked out my free, 4-part video training course on how to get started flipping houses, now is a great time to do so!  Click here to sign up and start watching… and get ready to take your house flipping business to the next level!

If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e at it, leave us a rating (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff!  If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them!

The post HFHQ 119: How to 10X Your Business: 5 Huge Takeaways from My Mastermind Meeting appeared first on House Flipping HQ.

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I want to talk to you today about a concept that my marketing mentor is constantly talking about.  It’s a “story,” in a sense… and it’s called “Lead or Gold.”

Now, you may recall I’ve actually talked about this topic once before on the podcast.  But it’s definitely worth diving into again!  Repetition is the mother of all learning, they say.  

So, without further ado, let’s get started!

A few takeaways from today’s episode.

• The “lead or gold” story, and what it illustrates…
• Why we all tend to not do things unless they’re a necessity…
• Why so many successful people have had their backs against the wall at one point…
• Why continuing to be successful can actually get more difficult as you become more successful…

• If you haven’t checked out my free, 4-part video training course on how to get started flipping houses, now is a great time to do so!  Click here to sign up and start watching… and get ready to take your house flipping business to the next level!

If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e at it, leave us a rating (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff!  If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them!

The post HFHQ 118: If Success is “Optional” for You, You’ll Never Make It (Here’s Why…) appeared first on House Flipping HQ.

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This morning, I was eating breakfast, and my daughter Britlyn came down.  I decided to interview her on my podcast and ask her a few important questions… kind of a “pop quiz,” in a sense!

She had some pretty interesting things to say… so I tracked down Cason and Brogan and interviewed them, too.  

The thing is, this is my WHY… having the ability to be at home with my kids all the time, providing for them, teaching them the value of working hard without having to be away from them all day every day… this is why I love what I do!

A few takeaways from today’s episode.

• What my kids think I do all day…
• How they feel about my work schedule…
• What they want to do when they get older, and why…
• And a whole lot of other fun stuff!

• If you haven’t checked out my free, 4-part video training course on how to get started flipping houses, now is a great time to do so!  Click here to sign up and start watching… and get ready to take your house flipping business to the next level!

If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e at it, leave us a rating (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff!  If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them!

The post HFHQ 117: What We Teach Our Kids About Business (And Why) appeared first on House Flipping HQ.

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Yesterday, I talked about “process,” and I introduced it as one of the 3 P’s that every business owner needs to have dialed in.

Today, we’re going to talk about the other core “P” that real estate investors need to focus on… people.

Working with people was one of the big things we focused on at our recent 7 Figure Flipping meeting.  And with good reason… having the right people on board can make all the difference when scaling your business…

A few takeaways from today’s episode.

• Why people are so important for “scaling” your business…
• Why having the right people on your team can get you to a 7 figure income…
• An example of some of the key people you would want on your team in a wholesale business…
• Why you shouldn’t think “linearly” when hiring people…
• Why it’s okay if you don’t get exactly the right people right from the start…

• We’re opening the doors to House Flipping Formula on Tuesday, February 16!  Get ready… we have some awesome things in store!

If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while your'e at it, leave us a rating (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff!  If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them!

The post HFHQ 116: Why PEOPLE Are the Secret to Scaling Your House Flipping Business appeared first on House Flipping HQ.

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