7 Figure Flipping

A question I hear all the time is “Isn’t real estate investing risky?  What if the market crashes?”

There’s risk involved in any kind of investing, and real estate is no different… but there are several things you can do to protect yourself from a real estate market downturn.

In today’s episode of the House Flipping HQ podcast, I share a few things I’ve been doing for years to keep my risk as low as possible when flipping houses.

A few takeaways from today’s episode.

• Why it’s so important to surround yourself with the right people…
• An update on the stat of the real estate market in the US…
• What 3 different experts told me about the future of the real estate marketing this week…
• My thoughts on how and when you should be following the “market” data…
• How to protect yourself from problems in the marketplace…
• What I do to limit my exposure when flipping…
• Why you need to pay attention to the kind of financing you’re getting…
• The two schools of thought on signing personally for financing…
• How creative financing can be used to reduce your risk…

• There are still a few spots available in the 7 Figure Flipping program… but we're being very selective with who we bring on.  If you think you might be a good fit for one-on-one mentoring with me and Andy over the next 12 months, head over to 7FigureFlipping.com to check it out!

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

The post HFHQ 105: How to Protect Yourself from a Real Estate Market Downturn appeared first on House Flipping HQ.

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Today’s episode is more of a rant… this topic is a “pet peeve” of mine.  It’s a question I hear all the time…

How long does it take to start making money flipping houses?

It doesn’t happen overnight.  But having said that, if you’ve been “studying” how to flip houses for a couple years now and haven’t done any deals yet, you’re doing something wrong.  

So how long does it take?  I have a theory on this, and what I’ve seen from my students has confirmed this to be true… but you might disagree…

Listen to the episode, then let me know your thoughts in the comments!

A few takeaways from today’s episode.

• The key “attitude difference” between people who are succeeding and people who aren’t…
• Malcolm Gladwell’s “10,000 hour” theory of how long it takes to develop elite expertise at something…
• Why you can’t create a successful house flipping business overnight…
• How long it takes to start making money flipping houses…
• What I want you to do if you’re getting discouraged in this business…
• Why you shouldn’t be focusing on “making money” when you’re just starting out… and what you should focus on instead…
• An update on the 7 Figure Flipping Program we launched last week!

• Last week, Andy and I announced the launch of 7 Figure Flipping, an advanced mentoring program and mastermind group where we’ll be working one-on-one with a small group of investors over the coming year.  We’ve gotten quite a few applications, and we’re being very careful and very selective with who we bring on… as a result, there are still some spots available!  Head over to 7FigureFlipping.com to check it out!

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

The post HFHQ 104: How Long Does it Take to Start Making Money Flipping Houses? Here’s the Answer… appeared first on House Flipping HQ.

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I can’t believe how long it’s been since I’ve had my good friend and “partner in crime” Andy McFarland on the show!

Today, Andy and I catch up on where his business is at and what he’s been up to… and yes, we get into the numbers!  Andy shares the 2 things he did to take his wholesaling operation from low 6-figures of revenue per year to closing on $2 million today… and we talk about the importance and value of connecting with the right mentors, and tell you how to do it!

And make sure to stick around to the end of the episode… because we have a HUGE announcement to make that’s been over a year in coming!

A few takeaways from today’s episode.

• The one thing that has allowed Andy to grow his business like wildfire…
• Andy’s revenue goals for this year and next year…
• The one thing that Andy says is “priceless…”
• The number of deals Andy and his team are doing per month right now…
• The two “huge jumps” that Andy made in his business, both of which propelled him to exponential growth…
• The best thing you can do if you want to learn how to flip houses…
• Why finding a solid mentor or mastermind group to join is so important…
• The power of accountability, and how to gain “leverage” over yourself…
• The amount of additional money Andy has made as a result of being part of a high-level mastermind group…
• The number of additional houses I’ve bought this year (and the additional income I’ll make) as a result of being part of a high-level mastermind group…
• Plus, a HUGE announcement that has been over a year in coming!

• If you’ve listened to the episode, you know what we’re announcing today… go to 7FigureFlipping.com to check it out!

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

The post HFHQ 103: The 2 Things Andy Did to Reach $2 Million in Annual Wholesale Fees (Plus a HUGE Announcement…) appeared first on House Flipping HQ.

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Want to see step-by-step how a master wholesaler builds rapport with sellers and closes deals?  And what’s going on with new “laws” about wholesaling in some states?

In in today’s episode of the House Flipping HQ Podcast, master investor Dave Payerchin shares a ton of awesome seller negotiation tips and outlines how to do wholesaling the “right” and legal way in states where the laws are changing.

I don’t even need to tell you how important it is for you to listen to this! 

Plus, Dave shows off one of the websites he uses to generate motivated seller leads from Google… and you might be surprised when you see it!

A few takeaways from today’s episode.

• Why Ohio and certain other states are starting to “change the rules” with regard to wholesaling… and how you can stay ahead…
• Why these changes are actually good for those who are serious about real estate investing…
• Dave’s background and the work that he and his partner are doing…
• How Dave got involved in construction right after highschool… and how it gave him the desire to get into real estate…
• How marketing drives everything Dave does…
• Why it’s important to have multiple “exit strategies” for different types of leads and properties that come across your desk…
• Why the best deals come when you meet someone face-to-face…
• How Dave’s return on investment on his money for his current flip is “infinite…”
• Why it’s more important to focus on the day-to-day rather than waiting for “home runs…”
• What every “star player” in the real estate space has in common (this might surprise you)…
• Why asking “how much do you want for the house” is the WORST way to start a negotiation with a seller…
• The number one most important question you need to ask a seller FIRST…
• How to build rapport with sellers (and why the word “FORM” is so important)…
• Why it’s important to be properly educated when it comes to wholesaling…
• How to say ahead of some of the new laws and regulations around wholesaling…
• Dave’s number one piece of advice for anyone who wants to succeed in real estate…

• Dave and his business partner RJ provide turn-key rental properties to investors at ColumbusTurnkeyHouses.com!
• Check out the website where Dave gets many of his motivated seller leads… from Google!  SellHouseColumbus.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 102: Seller Negotiation Tactics That Work (And How to Stay Ahead of the New Wholesaling Laws): Interview With Dave Payerchin appeared first on House Flipping HQ.

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If you’re serious about flipping houses, building wealth for retirement, and slashing the taxes you owe, you NEED to listen to this interview!

Honestly, this blew me away…

Edwin is an IRA specialist… and let’s just say he’s a genius when it comes to administrating self-directed IRAs.  I thought I knew everything I needed to know about my IRA… but I was wrong.

Edwin may have just saved me over a million dollars with this one interview.  Click the link below to listen!

A few takeaways from today’s episode.

• What a self-directed IRA is and how it works…
• The two categories of IRAs… and why getting the right one makes such a HUGE difference…
• The type of IRA that 98% of Americans have… and why it’s not the best option…
• The 4 things that a traditional IRA will allow you to invest in… and how a self-directed IRA opens up your options to far more opportunities…
• The core advantages of a self-directed IRA…
• How and when you can move funds from a company plan into your own IRA…
• 3 ways to deposit money into a self-directed IRA…
• Contribution limits that affect much money you can deposit into an IRA in a given year…
• The difference between tax-deferred and tax-free accounts…
• How to invest in real estate through your IRA…
• The 2 ways you can potentially trigger a tax even in a tax-deferred or tax-free account…
• The huge debate about whether you can flip houses through your IRA, how many you can flip per year, whether you owe taxes on profits made, and more…
• A legal “back door” you can use to go way beyond the contribution limits for an IRA…
• And much more!

• To learn more about self-directed IRAs or to set one up with Edwin and his firm, head over to SpecializedIRAServices.com.  While your’e there, grab Edwin’s just-published book, which you can get for free!  He’s also waiving the $97 consultation fee, so you can get a full consultation at no cost as well… definitely check it out!

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

The post HFHQ 101: How to Flip Houses Through a Self-Directed IRA (Without Paying Taxes): Interview With Edwin Kelly appeared first on House Flipping HQ.

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Today marks the release of the 100th episode of the House Flipping HQ Podcast! It’s been an AMAZING ride these past two years… and we’re just getting started!

Thank you to everyone who has listened, subscribed, commented, or been part of this journey in any way!

In today’s episode, my wife Tara and I share the 5 things that you absolutely MUST do if you want to be successful… in real estate or in any business.

If you’re feeling stuck in your house flipping venture or if you’re struggling to get started, I can almost guarantee that the issue is with one of these things…

A few takeaways from today’s episode.

• The 5 things you must do, and that all successful people do, to succeed… and why you won’t succeed if you don’t do these things…
• An update on the House Flipping HQ Podcast as we reach our 100th episode, plus some stats on our business and what we’re up to…
• Our business goals for the next 5 years…
• Why focusing on basic concepts like how to find deals isn’t the most important part of house flipping…
• Why we’ve had to slow down buying houses in the last few weeks…
• Our plans to provide some high end coaching soon, and how our views on high-end coaching have evolved over the past 2 years…
• Money buys speed… and why I love finding shortcuts…
• My number 1 goal for my house flipping students and for everyone listening…
• Why it’s so important to create systems, especially if you want freedom in your life…
• And a big thank you to all of our listeners!  This is all about you!

• In today’s episode, we mention the turn key-house flipping program we launched last week.  Just so you know, that program is now full.  We may open it up again in the future.  If you’d like more info about it, click here and watch the video!

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

The post HFHQ 100: The 5 Things You MUST Do to Succeed at Flipping Houses (And… It’s Our 100th Episode!) appeared first on House Flipping HQ.

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Today, I’m honored to have the one and only Hal Elrod joining me on the House Flipping HQ Podcast!  Hal has done it all… he’s a keynote speaker, business coach, and #1 bestselling author of Miracle Morning, one of the most successful self-published books of all time!

You may have heard me talk about Hal before.  His book has convinced me that I’m living a life of mediocrity and that I have the potential to do so much more, in business and life in general…

If you’re serious about flipping houses, entrepreneurship, or honestly just being successful in any capacity, you need to listen to what Hal shares in this 40-minute interview.  His story will blow you away…

How he overcame massive struggles to transform his life multiple times and developed a morning success ritual that is impacting thousands and thousands of people across the world today…

Listen and enjoy!

A few takeaways from today’s episode.

• How Hal got his start selling Cutco kitchen knives at the age of 19 (and his amazing experience just 10 days into the job)…
• Hal’s incredible story of how he literally died in a car wreck… and how that accident (and his miraculous recovery) completely transformed his life…
• Hal’s “5 minute rule,” which had a huge impact on his outlook on life after the accident…
• Hal’s breakthrough “discovery” that led him to change his life yet again in the midst of the economic recession when he was broke and depressed…
• How Hal doubled his income in 2 months with a simple morning ritual…
• The six things successful people do every morning (and why you need to do it)…
• How to completely transform your life in as little as 6 minutes each morning…
• Hal’s number one piece of advice for success (and why it’s important to not worry about the results you’re getting along the way)…

• Follow Hal and check out everything he has to offer at his website, HalElrod.com!
• Hal has an incredible live event coming up… learn more at BestYearEverLive.com!
• Order a copy of Hal’s book Miracle Morning on Amazon—this book will change your life!  Click here to get it!
• Join Hal Elrod’s Miracle Morning Facebook Group for accountability, updates, and more!

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

The post HFHQ 99: Interview With Hal Elrod: Commit to the Process, Not the Results appeared first on House Flipping HQ.

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Today, we have another very special guest joining us… and she has a powerful story to share about how getting the right advice and insight from the right people completely transformed her business!

Lauren Hardy is another incredible member of our house flipping mastermind group, who has been with us since the beginning.

When she joined, she had already done a couple deals… but it had been almost a year since she had done her last deal, and she was stuck, big time…

But she learned a few key things that helped her completely turn her business around in less than a month… listen to this interview for the full story!

All right, listen up—in just 1 week, I’m closing the doors to the House Flipping Formula training program.  I won’t be taking on any new students for a while… we’re going to revamp some things, make some changes, and then launch again sometime in the future… at a significantly higher price.

It’s no secret I love coaching people.     And I honestly believe House Flipping Formula is the best way to learn to flip houses—especially if you want to cut months or even years off the learning curve and just get right into it.

I want to make sure NO ONE gets left out who wants to be part of this.

Here’s what I need you to do… go to HouseFlippingFormula.com and check out the details… what’s included, how it works, the price, everything.  If you have any questions… any at all… send an email to [email protected] and Kyle will answer them.

If you feel like this is for you, I would love to get the chance to work with you… but you need to sign up now, because the doors are closing soon (and it won’t be at this price again).

Head over to HouseFlippingFormula.com now!

A few takeaways from today’s episode.

• How Lauren got completely burnt out in the corporate world very quickly… and how she realized that no matter how hard she worked, her income was only going to increase by 2% per year…
• The lack of flexibility with working a corporate job and how hard it was to care for her 1-year-old child…
• How she made the decision to get into real estate (she didn’t really want to do it at first)…
• How she juggled being a mom, being pregnant, having a full-time job, and flipping houses all at the same time…
• How to find the time to flip houses, even if you have a full time job…
• How she did 2 spectacular deals but then got stuck in a big rut… and how she got back on track again…
• After struggling for almost a year to get her 3rd deal, Lauren joined my mastermind group and had her next deal closed just one month later…
• The “lofty” goal she had set for herself at the start of 2015… and how she has already surpassed it…
• How she struggled with negativity… and how being part of the mastermind group has completely transformed her mindset…
• The one place where she needed to change what she was doing in order to succeed… and how the “70% rule” was completely derailing her business…
• Her two top pieces of advice for new investors…

During our interview, Lauren mentioned a funny video I made a little while back to illustrate how “mindset” has such a HUGE impact on the action we take.  Here’s that video… yeah, I had a lot of fun with this!     Enjoy!

• If you’re interested in joining the House Flipping Formula training program, you need to sign up now… visit HouseFlippingFormula.com or reach out to [email protected] and he’ll help you get started!

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 98: You’re Making Offers Wrong: How Lauren Went from 0 Deals in 2014 to 11 Deals in 2015 With One Simple Change… appeared first on House Flipping HQ.

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Today, I have the privilege of interviewing someone very special… my good friend Kate Hall!

Kate is one of our rock start House Flipping Formula coaching students, and she has an awesome story to share.  She started flipping houses at age 23, but never managed to grow it into a true business.  Then the real estate market crashed… and she decided to pursue other interests.

Just 8 months ago, she made the decision to return to the world of real estate… and she’s had an amazing comeback!

Listen in as she shares her accomplishments, advice, and goals for the future…

All right, listen up—in just 2 weeks, I’m closing the doors to the House Flipping Formula training program.  I won’t be taking on any new students for a while… we’re going to revamp some things, make some changes, and then launch again sometime in the future… at a significantly higher price.

It’s no secret I love coaching people.     And I honestly believe House Flipping Formula is the best way to learn to flip houses—especially if you want to cut months or even years off the learning curve and just get right into it.

I want to make sure NO ONE gets left out who wants to be part of this.

Here’s what I need you to do… go to HouseFlippingFormula.com and check out the details… what’s included, how it works, the price, everything.  If you have any questions… any at all… send an email to [email protected] and Kyle will answer them.

If you feel like this is for you, I would love to get the chance to work with you… but you need to sign up now, because the doors are closing soon (and it won’t be at this price again).

Head over to HouseFlippingFormula.com now!

A few takeaways from today’s episode.

• Kate’s story and how she got started fixing and flipping houses at the age of 23…
• How being “comfortable” was preventing her from turning her flipping hobby into a true business…
• How the real estate market crash affected her (and sent her on a completely different path)…
• Her experience “leaving” the real estate market and then getting back into it…
• What she has accomplished over the past 8 months (flipped 2 houses, wholesaled 7 others, and picked up 4 rental properties)…
• The profit she’s made in the past 8 months from the 13 deals she’s completed (this blew my mind)…
• Her goals for the next 12 months and beyond (building a team, reaching $50,000 a month, and more)…
• Her biggest advice for anyone getting started in house flipping…

• If you’re interested in joining the House Flipping Formula training program, you need to sign up now… visit HouseFlippingFormula.com or reach out to [email protected] and he’ll help you get started!

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 97: “Just Get Started:” How Kate Did 7 Wholesale Deals, 2 Flips, and 4 Rentals in 8 Months appeared first on House Flipping HQ.

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Today, I have an incredible friend and amazing person on the call with me… the one and only Dave Comer!

Despite being fairly new to this business, Dave is absolutely crushing it… he began his real estate journey in July of last year, and since then… well, I’ll let HIM tell you what’s happened!

Dave talks about how he went from knowing nothing about flipping homes to running a successful house flipping and wholesaling business… and he did it all while being a stay-at-home dad!

Listen to the episode for the full story!

All right, listen up—in just 2 weeks, I’m closing the doors to the House Flipping Formula training program.  I won’t be taking on any new students for a while… we’re going to revamp some things, make some changes, and then launch again sometime in the future… at a significantly higher price.

It’s no secret I love coaching people.     And I honestly believe House Flipping Formula is the best way to learn to flip houses—especially if you want to cut months or even years off the learning curve and just get right into it, like Ryan did.

I want to make sure NO ONE gets left out who wants to be part of this.

Here’s what I need you to do… go to HouseFlippingFormula.com and check out the details… what’s included, how it works, the price, everything.  If you have any questions… any at all… send an email to [email protected] and Kyle will answer them.

If you feel like this is for you, I would love to get the chance to work with you… but you need to sign up now, because the doors are closing soon (and it won’t be at this price again).

Head over to HouseFlippingFormula.com now!

A few takeaways from today’s episode.

• Dave’s story on how he got started flipping houses (he just got into this business about a year ago)…
• The number of deals Dave has done in the past year (including flips and wholesales)…
• The profit Dave has earned over that same period of time (this part blew me away… I had no idea he had hauled in so much)…
• How Dave is able to schedule his house flipping business around staying home and taking care of his 4 kids…
• Dave’s number one piece of advice for anyone looking to get started in this business…

• If you’re interested in joining the House Flipping Formula training program, you need to sign up now… visit HouseFlippingFormula.com or reach out to [email protected] and he’ll help you get started!

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 96: Zero to $250,000 in One Year Flipping Houses: How Dave Got Started appeared first on House Flipping HQ.

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