7 Figure Flipping

On the way to Lake Powell with my family, we got stuck in some bad traffic… and it got me thinking about life!

I would rather drive for 3 hours on a clear road than spend an hour and a half sitting in traffic.  In life, it’s the same way.  Focus on moving forward, even if you’re not completely sure the exact direction to go or the route to take.  Don’t let yourself get stuck!

• If you’re moving and making progress forward, you’re learning, you’re developing, and you’re getting somewhere.
• When you make mistakes or encounter failure, don’t let it slow you down.  Turn it into a learning experience, adjust your direction, and keep moving forward.

• For more on this, read the article “Failure Only Happens When You Quit.”

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 85: Are You “Stuck in Traffic” Right Now? appeared first on House Flipping HQ.

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I am constantly looking for ways to be more efficient with my time, in all aspects of my life.  Efficiency is the path to freedom!

• This week, I want you to commit to finding one thing in your business or in your life that you can make more efficient.  I want you to get back 10 hours of your week by being more efficient.  Send me an email at [email protected] and let me know what you're going to do!

• Check out the podcast “Marketing in Your Car” by Russell Brunson.

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 84: Why You Need to Be More Efficient appeared first on House Flipping HQ.

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All right, technically this episode is not about two Stevens, but it’s about a Steven and a Steve, which is close enough!

I just got back from a trip to Utah, where I met a couple interesting people.  Let’s just say it really drove home the lesson that you can do anything you want in life, so long as your mindset is where it needs to be.  If you’re not happy where you are, don’t settle!  Take action and change your circumstances!

This past week, I went and saw one of the houses we’re flipping.  It was the first time in over a year that I did this, and I did it because this is the house we’re flipping to support Operation Underground Railroad (O.U.R.).

Many of you may remember a few episodes back when I interviewed Dutch Turley, one of the leaders of O.U.R. (click here to listen to the episode).  This organization conducts raids and rescue missions to save children who have been abducted and sold into sex slavery around the world.  The work they do is intense, dangerous, and extremely important, and this year, we’re committed to raising $60,000 to fund one of their missions.

The proceeds from flipping this house will go to support this effort.  But we need YOUR help, too.

If you’ve enjoyed this podcast or gotten any value from it, I would ask that you consider donating to O.U.R. through our fundraising campaign, Flip for Freedom.  I’m going to match any and all contributions made through this campaign.  Click here to contribute.

• Mindset is such an important factor when it comes to success in any aspect of life.  You have to believe you can accomplish your goals and dreams, or you won’t.
• Don’t be afraid to reach out to others with the goal of learning from them.
• Model the successful people you want to be like.  Find the people in your life who have achieved what you want to achieve and surround yourself with them.

• Episode 74 of the podcast is my original interview with Dutch Turley, one of the leaders of Operation Underground Railroad.  Click here to listen to it.
• Please consider making a donation to support the work that Operation Underground Railroad is doing.  Click here to contribute.

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 83: A Tale of Two Stevens appeared first on House Flipping HQ.

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For the past couple months, up until about two weeks ago, we’ve been buying about a house a day.  Recently, we’ve made some changes and eased up a bit, so that we're now buying less houses than before.  In today’s episode, I explain why.

And no, it’s not because the market is falling apart or something like that.  The market is a factor, but it’s actually very good right now where I’m buying, so there's a lot more to it than that.  Thanks for listening!

• First, a few things that have been on my mind this past week.
  • I just got back from an awesome marketing conference.  Marketing is so incredibly powerful and important, and most of us in the real estate investing world, myself included, honestly suck at it!
  • My mindset on education has changed so much over the past 6 months or so.  I’m spending $20k per year on education for myself already, and I just signed up for another $25k per year group.
  • Good education is by far the highest ROI you can get on your investment.  And you can get an ROI while you’re learning.
• The main point in today’s episode is why I’ve decided to buy fewer houses.  There are three reasons.
  • Focusing on strengthening our financial foundation.
  • Risk mitigation, both for myself and for my investors.
  • Preparing for the market slowdown that will happen when we hit the colder months of the year.
• Right now the market is doing very well, interest are low, things are great, but I want to make sure I’m prepared for the seasonal slowdown in the second half of the year.
• We have so many houses in process right now that I’ve focused my team’s efforts more on project management than acquisitions.
• I'm very, very excited for what the future holds, now that I've seen firsthand that we can handle this kind of volume!

• We’ve officially re-opened the doors to the House Flipping Formula coaching program.  Get the details and sign up at HouseFlippingFormula.com!
• The recording of the House Flipping Systems Seminar is still available!  It’s not going to be up for much longer, so hurry!  Get it here.

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 82: Why I’ve Decided to Buy Less Houses appeared first on House Flipping HQ.

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In the past week, I’ve fired three people, in three different ways and for three completely different reasons.  In today’s episode, I share the lessons learned!

One of the “firings” was more like a “mutual breakup,” where it turned out he was actually planning to quit and already had a new job lined up right as I decided to let him go.  One of them was a new member of the team who, just a couple weeks into the job, started demanding things we hadn’t agreed to.  And the third was a true firing—where I was just completely done dealing with this person’s garbage, I called them out on it, and we immediately parted ways.

I hope getting a glimpse into what happened in each case and my rationale for ending these relationships will help you as you’re hiring and managing your own team!

We’ve just recently re-opened registration for the House Flipping Formula Coaching Program!  If you’ve been waiting to join, now is your chance!

The program includes membership in the House Flipping Mastermind Group, plus monthly coaching calls, tons of training videos, resources, and more.  To learn about the program and sign up, head to HouseFlippingFormula.com!

• There are three kinds of “breakups,” and I got to experience all three this week.
  • The Quick-and-Dirty Break Up
  • The Mutual Break Up
  • The “I've Drug This Out For Way Too Long and I’m No Longer Buying Your Garbage” Break Up
• When you hire someone part time, and it’s an easy job, it’s not that big a deal if it doesn’t work out.
• Compensate people for what they’re worth.  Give them raises over time.  But get them to agree to all of this in advance, so you’re not dealing with unexpected demands later.
• Keep in mind when you hire someone you already know or someone who’s family, it can be hard to fire them if you need to.
• If someone just isn’t passionate about their position or they don’t seem fully invested, that can be a sign that it’s not going to work out long term.  Have the “break up” sooner rather than later.
• In general, you should absolutely try to have conversations before you have conflicts.
• Ask questions.  Dig deeper.  Make sure you find out what’s really going on.
• Don’t buy people’s garbage.  People will feed you garbage all the time, and sometimes it’s very believable.  But you’ve got to trust your gut.

• We’ve officially re-opened the doors to the House Flipping Formula coaching program.  Get the details and sign up at HouseFlippingFormula.com!
• The recording of the House Flipping Systems Seminar is still available!  It’s not going to be up for much longer, so hurry!  Get it here.

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 81: How I Fired 3 People in 1 Week appeared first on House Flipping HQ.

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It was really awesome getting to meet so many members of the House Flipping HQ family at the seminar a week ago!  If you weren’t able to make it, I hope you’ve had a chance to pick up the recording.  If not, you can get it here.

One of the things I talked about at the seminar is the importance of your community and who you surround yourself with.  This is one of the top two or three biggest factors that will determine whether you succeed or fail in this business.

In today’s episode, I share with you how to start your own mastermind group, as well as a few things to watch out for if you’re joining one run by someone else.  I’m not exaggerating when I say that 50% of your time and effort should be spent building your community—creating and strengthening relationships with the people who can help you succeed.  A mastermind group is one of the best ways to do this.

We’ve just officially re-opened registration for the House Flipping Formula Coaching Program!  If you’ve been waiting to join, now is your chance!

The program includes membership in the House Flipping Mastermind Group, plus monthly coaching calls, tons of training videos, resources, and more.  To learn about the program and sign up, head to HouseFlippingFormula.com!

• A quick recap of how my team is doing buying houses.  I thought we were finally going to have a slow week, but I ended up being very wrong!
• Often when you want to add something, you have to take something away—we need to focus more on project management now, and we have so many houses in the pipeline that we’ve stopped a lot of our marketing.
• Find the people who are doing deals and having success, and model what they’re doing.
• You can’t be the machine; you have to build the machine.  You need to work on your business, not just in your business.  Build the system, build your team, and build your community.
• The best way to be successful in anything, or any business, is to surround yourself with people who have the same focus and goals as you, and who have been there before.  A mastermind group or community can literally change your business and your life.
• Day to day action and feedback is more important than going to seminars and other events.

• I’ve mentioned this before, but I highly recommend the book Exponential Organizations.
• If you’re starting a mastermind group, use Zoom or Google Hangouts for running meetings!
• The house flipping formula coaching program is now officially open for signups!  Head over to HouseFlippingFormula.com to learn more.
• Also, if you haven’t gotten a copy of the House Flipping Systems Seminar recording yet, you still can.  Get it here.

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 80: Why You Need to Start or Join a Mastermind Group appeared first on House Flipping HQ.

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My team and I just wrapped up our spring Mastermind Meeting and the House Flipping Systems Seminar this past weekend, and we had a blast at both events!  Thank you everyone who attended.  You rock!

Today’s episode is a bit different.  I’ve spent most of this week in San Diego meeting with my own mastermind group, and since I wanted to get this episode out to everyone as soon as possible, I asked my tech guy Kyle to record it for me and get it set up!

For this episode, we’ve grabbed a few highlights from the House Flipping Systems seminar for you to listen in on.  Enjoy!  Oh, and if you like what you hear, you can get the full seminar recording here!  Thanks for listening!

• The importance of knowing your “why.”
• How to systematize acquisitions, buying, financing, and more.
• In order to systematize, you absolutely have to know your criteria, and it needs to be consistent.
• Focus on getting houses under contract, and dive deep into analysis once you have a house under contract and you’re ready to buy—not before.
• You’re only going to run the risk of losing money when you buy a house, or if you put down a large deposit and let your contingencies run out.  But until then, you have nothing to worry about.
• Your goal should be to “fill the funnel” with as many offers as possible, and then focus on the ones that you get under contract.  Don’t be reckless, but don’t hold back out of fear.
• Don’t be a control freak.  Don’t assume you can do things better than everyone else.
• If you put one person in charge of a part of your business, they’ll probably end up doing it much better than you ever could have, because they’re able to focus on just that one thing.
• How to streamline payments to private money lenders and get the most out of their funds.

• To get access to the full recording of the seminar (6+ hours of footage), click here!

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 79: House Flipping Systems Seminar Recording appeared first on House Flipping HQ.

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Today’s episode is short and simple!  I cover a bunch of things that are on my mind right now, from calculating accurate ARVs to cultivating a mindset where you WANT to succeed more than anything.  Enjoy!

• Focus on the best opportunities. Say no to anything that isn’t the highest and best use of your time, including houses that don’t meet the criteria you’re looking for.
• A lot of people tell me they can’t find a deal.  Don’t say that.  You CAN find deals!
• You need to know what you’re doing.  You need to know deal analysis extremely well.  You need to know the criteria you’re looking for.
• There really is no “conservative” ARV.  If you’re not dead on, someone else is going to get that property.
• Just changing one small thing can take you from buying zero properties to buying several properties per month.  What is that thing for you?
• The “gold or lead” story.  How badly do you really want to succeed in this business?

• A book I'm reading now, which I highly recommend, is Exponential Organizations.
• There are still spots available for the House Flipping Systems Seminar on May 9th, but they're going fast!  Last time, we sold out during the final week of signups.  Hurry and get your spot!  To learn more and register, click here.

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 78: Gold or Lead: What It Takes to Succeed appeared first on House Flipping HQ.

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Today, I have something special and kind of crazy to share with you.  Every week, I hold a meeting with some or all of my house flipping team.  We go over everything we’re working on—acquisitions, marketing, rehab projects, and so on.  These meetings are recorded so we can go back and listen again if we need to.

In today’s episode, you’ll get to listen in on last week’s meeting.  It doesn’t get any more raw or real than this!  You’ll get to be a “fly on the wall” as my team and I dig into what we’re working on for the week.

Why am I doing this?  Why am I replaying this recording on the podcast?  There are a few reasons.

• I want you to show you what the “day-to-day” is like for me and for my team.
• I want you to see how we communicate.  I’m very direct and honest with my team!
• Most importantly, I want you to see that we don’t have it all figured out!  We’re still learning, growing, and changing things up, working constantly to improve our systems.

This business is never easy.  We always have something we’re trying to fix, solve, or get better at.  Today, I want to give you an inside look at what goes on behind the scenes at my company.  Enjoy!

Today's episode is simply a pure, authentic dive into what my team and I are up to!  From solving contractor issues to figuring out how to better streamline the escrow process, we just lay it all out.  This episode isn't packed full of “house flipping secrets” or “tips for success.”  Instead, it's an honest look at what we actually do every day.

• The meeting software we use to run and record our meetings is called Zoom, and it's great.
• There are still spots available for the House Flipping Systems Seminar!  I really hope you can make it.  My team and I talk a lot about improving our system in this meeting, and we're going to be breaking down our system entirely for you at the seminar.  Don't miss it!  To learn more and sign up, click here.

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 77: Listen In On A Meeting With My House Flipping Team appeared first on House Flipping HQ.

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In this episode, I outline the steps involved in creating a 7-figure income through house flipping. This “road map” covers each of the major aspects of my own house flipping journey—from education to implementation to systematizing and scaling my business.  Yes, there's a ton of info packed into this episode, so get ready!

If you've ever wanted a breakdown of what it takes to get from just starting out as a house flipper to 7-figures of net income per year, this episode is for you.  Success isn't just about the steps you take; a lot of it has to do with mindset, too, and learning how to value your time and manage it effectively.  I get into that as well.

My goal here is to show you what's involved in growing and operating a 7-figure net income house flipping business.  If you have any questions, I would love to hear them!  Head down to the comments section below this post and let's talk!

What’s covered in today’s podcast?  Here are a few main points.

• The 7 steps to a 7-figure house flipping income—I dive into each one and tell you what’s involved.
• Finding a niche and focusing your efforts makes this business much, much easier and more profitable.
• The importance of leveraging others through partnerships and by hiring assistants.
• How to train, manage, and empower assistants and team members. Constant constructive criticism is absolutely essential.
• The importance of creating systems and processes to handle every part of your business.
• And a whole lot more!

• Much of the content for this episode is from a talk I've been giving at the Invest Club for Women in Orange County, CA.  You can learn more about this awesome real estate investing group at their website.  Oh, and it's not just for women; men are welcome to attend!
• This podcast will prep you for our upcoming House Flipping Systems Seminar, which I talk about toward the end of the episode.  This is happening on May 9 in Orange County, CA, and I would love to see you there.  At the seminar, I'll be diving into the specifics of how to set up the systems I talk about in today's episode, plus you'll also get to see how Andy runs his fully-systematized wholesaling business.  To learn more and sign up, click here!

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 76: Road Map to a 7-Figure House Flipping Income appeared first on House Flipping HQ.

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