7 Figure Flipping

In today’s episode, I interview my father-in-law Tom Wood, who gave up a steady salary and retirement benefits as a school teacher to pursue house flipping.  Less than 10 months later, he is absolutely crushing it, averaging several deals per week, and has blown past his income goals!

The tips and tricks he uses to keep himself focused and motivated are just brilliant, and witnessing his transformation has been nothing short of inspiring.  If he can do it, you can do it!  And… what's with the marshmallow he's holding in the photo above?  Listen and find out!

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

• It wasn't easy for Tom to make this jump.  In fact, it was downright painful at times.  He had to do a lot of things he wasn't comfortable with at first, and many people around him felt he was making a big mistake leaving his career behind.
• He had to learn to manage his time, stay focused, and keep himself motivated despite setbacks, angry callers, and no deals for several months.
• Tom came up with a number of unique ways to keep himself focused and motivated as he powered through each day.
• Tom talks about how he would set goals for himself and work all week until late on Saturday night to reach those goals, and how his persistence paid off.
• It takes time to get things rolling in this business, but if you stick with it, the deals will start to flow in!

• Tom mentions the book The 4 Disciplines of Execution by Chris McChesney and Sean Covey.  Check it out!
• Our upcoming seminar on House Flipping Systems now has an official location!  Plus, you can still sign up at the deeply discounted rate of just $297, which is $200 off from the full price.  But this won't last long; the price is going up soon.  Click here to learn 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 75: Interview with Tom Wood: From School Teacher to House Flipper in 10 Months appeared first on House Flipping HQ.

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Today’s episode is a bit different. I want to talk to you about your “why.” Why flip houses? Why seek financial freedom? What's the real purpose behind your drive for success in this business?

The answer will be different for everyone, but for me and my wife, helping others is what really motivates and inspires us.  When I started in this business, my main goal was to provide for my family, and I'm blessed to have reached a point where our financial needs are met.  Yet ever since the beginning, my wife and I have wanted to get to a point where we can go beyond that and make a positive impact in the lives of others, to whatever extent we can.

In this episode of the House Flipping HQ podcast, I interview Dutch Turley, a former Navy SEAL who works with a non-profit called Operation Underground Railroad to rescue children who are victims of human trafficking and exploitation.  I know Dutch personally.  We attend the same church, we're part of the same community, and I can honestly say that he is a true hero.  He's on the frontlines of a battle that many of us don't even know is being fought.  Right now, there are millions of children all over the world who are trapped in slavery, and it takes organizations like Operation Underground Railroad to intervene, rescue, and rehabilitate these kids, giving them a fresh start and the opportunity to live a healthy, normal life.

Listen to this episode.  Much of what Dutch Turley has to say is heartbreaking, and I know this is a sensitive subject.  But the work this organization is doing is extremely important.

Dutch Turley and the other members of the O.U.R. team are putting themselves in harm's way to free children from slavery by organizing sting missions in human trafficking hotspots around the world, bringing in local law enforcement agents to arrest the traffickers and collaborating with local NGOs to provide rehabilitation and a safe place for the children they save.  It's incredible.

I've pledged to help support the work they're doing in whatever way I can, and I'd like you to join me in this.

It costs about $60,000 to fund one of these rescue missions.  My goal is to raise $60,000 for O.U.R. by the end of this year.

We're going to accomplish this in two ways.

1. From one of the next houses we flip, we're going to donate all of the profit to this cause.  I haven't picked the house yet; I want to make sure it's a really good one with a lot of upside.  We'll document the process, including the purchase and rehab, and keep you updated as we complete the project.
2. In addition, my company and I will match any contributions made by listeners like you.  If you feel that this podcast has helped you in any way, or if you're inspired or moved to join this fight, donate through the Flip for Freedom drive, which is a campaign we've set up with Operation Underground Railroad.  Whether it's $5 or $20 or any amount, I encourage you to take action and do this.  Again, we will be matching all funds donated through Flip for Freedom, so the impact of whatever amount you contribute will be doubled.  Click here to donate.

At the end of the day, your “why” is important.  Success and financial freedom are great goals, and I want to encourage you to continue pushing your business forward; don't lose focus on that.  Increased success will allow you to make an even bigger impact.  But as you grow your business, don't forget about the “why.”  What can you do to improve the lives of others and give back to your community and the world?

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

• On the house flipping side, we're continuing to buy houses like crazy.  We've averaged about a house a day over the past 6 weeks or so, which is absolutely unprecedented for us.
• Dutch Turley, a former Navy SEAL and now VP of Rescue Operations for Operation Underground Railroad, outlines the work they do to save children who are being trafficked as sex slaves.  It's not easy to listen to or talk about, but this is a global crisis and O.U.R. is on the frontlines finding and freeing these children.
• My company and I are going to be helping to support O.U.R. financially moving forward, starting by raising $60,000 this year to fund a rescue mission.

• The number one thing I want you to take away from today's episode is a renewed awareness of the horror and pervasiveness of child slavery, as well as the knowledge that you can help Dutch Turley and the Operation Underground Railroad team in the important work they're doing.  Learn more about O.U.R. at OURRescue.org, and donate to our matched fundraising campaign by clicking 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 74: Making a Difference: Interview with Dutch Turley of Operation Underground Railroad appeared first on House Flipping HQ.

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Today I interview Mark Podolsky, the “Land Geek,” who gives us the rundown on making passive money through investing in raw land!  This is something a bit different than what I usually feature on this podcast; like I always say, there are a million ways to make a million dollars, and this is another one!  However, don't let this distract you from your focus, whether that's wholesaling or house flipping or whatever it may be.

Have any questions? 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?

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

• The Biggest Flipping Failure Challenge began this week for members of the House Flipping Formula Coaching and Implementation Program, and it's off to a great start!  I'm super excited to see the action that everyone takes and the progress made.
• Tons of great info from land investing expert Mark Podolsky. Honestly, this is something unique that we haven't really covered before on this podcast, and I don't know much about it myself, so it was a great learning experience for me!

• Check out Mark Podolsky's podcast, his passive income blueprint, and tons of other resources at TheLandGeek.com!
• Don't forget to sign up for my upcoming seminar, which is all about building a systematized house flipping business.  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 on over to iTunes and 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.  Click here to leave a review and rating! 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 73: Interview with Mark Podolsky: All About Land Investing appeared first on House Flipping HQ.

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Today I interview Ken Corsini, a real estate investor and entrepreneur currently doing 100 flips, wholesales, and turnkey investment deals a year by leveraging the power of systems. Learn how Ken buys houses, how he funds them all with 95% private financing, and get the inside scoop on his fully systemized operation. We also go into detail on each of the members of his 10-person team and their roles and responsibilities, giving you a glimpse into the inner workings of a high-volume real estate machine. You don't want to miss this!

Have any questions? 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?

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

• A breakdown of Ken’s team, who help him do over 100 transactions a year.
• Understanding how a “turn-key” operation works.
• How Ken buys houses.
• How Ken funds houses.
• How having a systematized business helped Ken make it through one of the most difficult challenges of his life last year.
• Plus, an introduction to Ken's brand new podcast, Deal Farm!

• Check out Ken's new podcast, Deal Farm, which just launched this month!  Visit DealFarm.net.
• Near the beginning of the episode, I mention a video conferencing tool called Zoom, which we're using for meetings and webinars.  It's awesome!  You can check it out at Zoom.us.
• And don't forget to sign up for my upcoming seminar, which is all about building a systematized house flipping business.  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 on over to iTunes and 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.  Click here to leave a review and rating! 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 72: Interview with Ken Corsini: 100 Deals a Year appeared first on House Flipping HQ.

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Today, I interview Mike Hambright of FlipNerd, who has done hundreds of real estate deals and educates thousands of investors at FlipNerd.com.  Mike shares his story and insights gained from years working in this field.  In other words, he has a ton of great stuff to share!  Check it out!

Have any questions? 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?

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

• We've had another amazing week of house buying success!  My acquisitions manager, Kale, put 5 houses under contract himself this week.  Super proud of him!
• Our next seminar, schedueld for May 9th, is coming together!  You can still get in at the early bird rate, which is a full $300 off the standard price.  Click here for more info.
• I've gotten a lot of great feedback from people who are interested in being part of a more advanced mastermind group.  I talked about this more in last week's podcast and newsletter.  If you're already active and doing deals and you want to build a high 6-figure or 7-figure per year business, send me an email at [email protected] and tell me a little about yourself.  We'll be putting together an application process for this program soon, so stay tuned.
• Awesome insights from house flipping expert Mike Hambright in today's interview!

• Check out everything Mike Hambright is up to at FlipNerd.com!
• Don't forget, you can get more info about our upcoming seminar by clicking here!

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 a 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 its contents, please post them in the comments area below and I’ll be happy to answer them.

The post HFHQ 71: Interview with Mike Hambright of FlipNerd appeared first on House Flipping HQ.

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I just got back from an incredible mastermind event, and my mind is completely blown—in a good way!  We set a new record and put 12 houses under contract this past week.  I'm pumped!    There's a ton of exciting stuff on the horizon right now, including our upcoming seminar on May 9th in southern California, which you can now sign up for at the early bird rate.  Check it out!

In the meantime, Part 3 of our first coaching call is live and ready for listening!  In today's episode, we close out our 3-part coaching call series, and I share some feedback from the mastermind event I just got back from.

Have any questions? 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?

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

• What marketing methods work best for wholesalers in today's market?
• How to consider basement square footage when determining the ARV for a house.
• How should you, as a business owner, allocate the funds when you close a deal and get paid?  How much should you reinvest into your business?
• Tracking mailers by using custom phone numbers.
• The power of building systems and “taking yourself out of the equation.”
• Make house flipping your game.  It's your life to live and your game to play!

• This coaching call was for members of House Flipping Formula. Check it out! You can get on the waiting list to be notified when we start taking signups again by emailing [email protected].
• Get more info about our upcoming seminar by clicking here.

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 a 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 its contents, please post them in the comments area below and I’ll be happy to answer them.

The post HFHQ 70: Coaching Call with Justin Williams and Andy McFarland: Part 3 appeared first on House Flipping HQ.

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Welcome back for part 2 of the first coaching call we recorded with members of the House Flipping Formula program!  Andy and I are doing calls like this with members every week, and it has been an amazing experience.  We're getting tons of great questions and having a lot of fun helping people tackle the specific challenges they're facing.    Today's podcast is Part 2 of our first coaching call.  Listen in and enjoy!

Part 3 of the call will be coming out next week.  Also, we're currently finalizing plans for our next seminar, which will be happening May 9 in southern California.  Click here to learn more and sign up at the early bird rate!

Have any questions? 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?

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

• Is wholesaling a “fad?” Will wholesaling disappear when the real estate market adjusts?
• The value of being part of an active community in order to gauge what’s happening in the marketplace.
• What’s the first thing you should do as a new investor?
• Why it’s important to spend your time rather than your money when you’re first starting out in this business.
• Approach your marketing with an eye toward ROI and proving a model that you can repeat and scale.
• How to adjust your offer to beat out higher bidders when buying a house.

• This coaching call was for members of House Flipping Formula. Check it out! You can get on the waiting list to be notified when we start taking signups again by emailing [email protected].
• Get more info about our upcoming seminar by clicking here.

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 a 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 its contents, please post them in the comments area below and I’ll be happy to answer them.

The post HFHQ 69: Coaching Call with Justin Williams and Andy McFarland: Part 2 appeared first on House Flipping HQ.

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The House Flipping Formula coaching program is officially underway, and Andy and I are doing live coaching calls with members every week!  Today's podcast is Part 1 of our first coaching call, where we get into the fundamentals of deal analysis and answer members' questions.

The full coaching call ended up being about an hour and a half long, so look for Part 2 and Part 3 of the call coming up soon!  Also, stay tuned for more info about our upcoming seminar happening May 9 in southern California.  The details aren't finalized yet, as it's still a couple months out, but click here to learn more and sign up at the early bird rate!

Have any questions? 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?

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

• In this first part of the call, we discuss how to get your numbers right for a deal and start getting into direct mail marketing best practices.
• Incorporating the cost of capital into deal analysis.
• The difference between how Andy and I evaluate deals to determine max offer and respected return.
• Never assume that your direct mail house has actually sent out your mailers—always check.
• Make sure to test and refine your direct mail messaging.

• This coaching call was for members of House Flipping Formula. Check it out! You can get on the waiting list to be notified when we start taking signups again by emailing [email protected].
• Get more info about our upcoming seminar by clicking here.

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 a 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 its contents, please post them in the comments area below and I’ll be happy to answer them.

The post HFHQ 68: Coaching Call with Justin Williams and Andy McFarland: Part 1 appeared first on House Flipping HQ.

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Today, I interview Justin Colby, a professional house flipper, wholesaler, and real estate developer who started out “broke, busted, and disgusted” 7 years ago and is now taking massive action to scale his business while finding creative opportunities in a highly competitive real estate market!

Justin Colby has completed hundreds of transactions, and his story is a powerful example of the value of taking action where it counts and getting the right guidance from the right people.  “We did 6 deals,” he says.  “The year after that, we did 20. The year after that, we did 43.  The year after that, we did 96, and so on, and so on, and now we’re developing 79 homes, we’re wholesaling 3 to 5 a month, and we’re flipping about 1 a month.”

Yes, you read that right—Justin Colby is currently building 79 townhomes from the ground up, something he has never done before, while continuing to push his wholesaling and retail flipping business.  Listen in as he shares his story and how he does it!

Have any questions? 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?

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

• I’m looking for experienced wholesalers anywhere in the United States who are interested in sending me deals.  Contact me at [email protected] if that’s you!
• We kicked off our House Flipping Formula coaching and implementation program this week, and the interaction and responses have been awesome!  Lots of great feedback.  As of this recording, you CAN STILL SIGN UP for the program if you’re interested!  Shoot an email to [email protected] or click here to learn more if you’d like to be part of this.
• Justin Colby shares some critical insights on marketing for sellers, financing deals, and the importance of taking action.
• 3 coaching calls with a mentor completely changed his business and his life.
• The subtle difference between Facebook and Google as marketing channels, and why you need to know this if you want to find motivated sellers online.
• Why hard money lenders can often be a better choice than traditional bank financing, even though it's more expensive.
• Near the end, Justin Colby gives us his best single piece of advice for anyone starting out in this business or wanting to get to the next level, and he absolutely nails it.  Check it out!

• If you’re not taking any action, you’re always going to be exactly where you are. – Justin Colby
• Get out there, put houses under contract, and then you can determine what you think is best to do with that property. – Justin Williams
• We said it’s time to take our business to the next level, and we took the jump. – Justin Colby
• There’s a lot of commas and zeroes on this project. – Justin Colby
• If you want something bigger and better, you gotta take action and move towards it. – Justin Colby

• TheScienceofFlipping.com
• Download Justin Colby's bestselling book, The Science of Flipping, for FREE!  Click here.
• If you're an experienced wholesaler and you're looking for a buyer, email [email protected].
• Don't forget to check out House Flipping Formula!  Click here to learn more.

By popular demand, the deadline to sign up for the House Flipping Formula coaching and implementation program has been extended, so you can still get in!  However, we will be closing down registration in just a couple days, so act now if you want to join.  To learn more about this comprehensive 12-week house flipping training program, click here.  See you on the inside!

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 a 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 its contents, please post them in the comments area below and I’ll be happy to answer them.

The post HFHQ 67: Wholesaling, Flipping, and Developing Properties in a Highly Competitive Market: Interview with Justin Colby appeared first on House Flipping HQ.

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In today's episode, I have the privilege of introducing you to something I'm very excited about.  It's a project that has been in the works for a while.  You've heard me hint at it in previous episodes, and now it's here!  Introducing the House Flipping Formula Coaching & Implementation Program!

I also interview Andy McFarland, a good friend and one of the best wholesalers I know, who is going to be a huge part of House Flipping Formula.  We talk about why we created this, why we're teaming up, and what you can expect in the program.

Have any questions? 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?

We're now taking signups for House Flipping Formula, an updated, expanded, and rebranded version of my house flipping coaching program!  I can't begin to describe how excited I am about this.  Andy McFarland, who I interview in this episode, is joining me as a coach and will be deeply involved in the educational content and the live calls.

Here's a quick breakdown of what's included in the program.

• Full 12-Week Educational Program (Covers everything you need to know to flip houses.)
• Huge Library of Documents and Resources (You’ll need all this to build your business.)
• 12 Live Coaching Calls with Justin Williams and Andy McFarland (We do a live call every week!)
• Lifetime Membership to All Resources and Materials (You get to keep everything!)
• Lifetime Membership to the House Flipping Mastermind Group (This is the best part, in my opinion.)
• Plus weekly assignments, action steps, the Biggest Flipping Failure Challenge, live mastermind events, and more!

My goal with this program is to provide all the education, resources, documents, and guidance you’ll need to build a successful house flipping business. You’ll start doing the work to succeed while we’re going through the program, so there’s definitely a lot of ACTION in addition to LEARNING. You’ll also become part of the House Flipping Mastermind group, which is a community of new and experienced house flippers and mentors working together to learn and build their businesses.

And while the “gurus” will charge you $20k to $40k for something like this, I’m making this available for less than $2k for lifetime access. So definitely check it out! Get all the details here.

This program is not for everyone, but if you’re serious about this business, I honestly believe it can help you get started and get to that next level. I’ve coached hundreds of people, and I’ve seen it happen many times.

So if that’s where you are right now and you want to take that next step, I would love to have you join us.    Click here to learn more about House Flipping Formula!

A few of the main take-aways from today's episode:

•  Andy and Justin discuss Andy’s plans to double the revenue from his wholesaling business this year.
• Andy goes over what’s working well for his business.
  • Internet marketing.
  • Direct mail.
  • Warm network—helping people put deals together.
• You have to focus on “creating” deals rather than trying to “find” them. It takes creativity and negotiating skills to make deals happen.
• Introduction to the House Flipping formula coaching program, which Justin and Andy are producing together.

• “Deals are everywhere.” – Andy McFarland
• “A lot of things aren’t deals until you make them a deal.” – Andy McFarland
• “If you’re going to pay a guy $1,000 an hour, you better know the right questions to ask.” – Andy McFarland

• Check out House Flipping Formula!

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 66: Interview with Wholesaler Andy McFarland and Introduction to the House Flipping Formula Program appeared first on House Flipping HQ.

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