7 Figure Flipping

This is Part 2 of our interview with Will Barnard.  Click here to listen to Part 1.

Will Barnard is a house flipper that focuses his energies on higher end properties.  In part 2 of our interview Will discusses the process of dealing with luxury house flips from financing to rehabbing to closing the deal with sellers.

Have any questions for Will or myself? 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?

Thanks to Paul Colaiani at The Overwhelmed Brain for the GREAT audio introduction!  Think you can do better?  Send it in and show us what you can do and we might feature it on a future episode!

Thanks to Rodney Palmer from San Diego for the awesome gift!

Thanks also to Casey Cloud, our Ryan Skalla consulting call winner for the Amazon Gift Card!

And last but not least, Rick Grimsley for your amazing help in helping my wife know more about what it takes to get a pilot's license.

“Cutting Through the Clutter to Hit the Target and Reach Your Goals”

Sometimes we're inundated with “information overload”.  For many people the problem isn't not knowing what to do, but just getting up and taking action.  In today's Flip Tip I share some thoughts on how to overcome the “clutter” of business-related information and focus on what it is you're trying to accomplish.  And, specifically with House Flipping, I talk about the 6 steps you need to get started with to start making offers and flipping houses.

In this episode we cover:

• Will's approach to rehabbing high-end luxury homes and the importance of having a vision
• Why Will is more hand's-on with some of his rehab projects
• How Will hires and manages his contractors
• Will's recommendations for getting started with contractors and where you can get referrals
• What to look for in a contractor and/or handy-man
• What Will puts in his contracts with contractors
• Will's use of creative financing on his projects and more details on seller financing
• A beginner's look at seller financing
• The process Will goes through with the appraisal of his properties
• How Will goes through the closing process when he sells his homes
• How he deals with inspections from buyers and requests for repairs
• Will's recommendations to people who are new to house flipping and how to deal with fear

Click a quote to tweet it!

• “Sometimes you have to let the reigns go.  There's a better use of my time.” ~ Will Barnard
• “If you're an investor and you have a good contractor, you're not giving them up.” ~ Will Barnard
• “Get educated in whatever strategy you decide to employ” ~ Will Barnard
• “The rich act in spite of fear when others allow it to stop them” ~ Will Barnard

Click here to Read and Download the Transcript for Episode 25

• Paul Colaiani at The Overwhelmed Brain
• Will's website: Barnard Enterprises
• Bigger Pockets
• Investor Experts

Plus, don't forget our House Flipping Mastermind Group is starting tomorrow, February 1, 2014.  We will not be having a webinar until February 13, 2014, which you can sign up for at houseflippinghq.com/webinar.

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!

Image Attribution: A.Savin [CC-BY-SA-3.0-2.5-2.0-1.0 (http://creativecommons.org/licenses/by-sa/3.0) or FAL], via Wikimedia Commons

The post HFHQ 25: Rehabbing and Selling High End Flips with Will Barnard (Part 2) appeared first on House Flipping HQ.

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This is Part 1 of our interview with Will Barnard.  Part 2 will be up in two days

Will Bernard is a house flipper that focuses his energies on higher end properties.  Today we discuss how he finds his deals and the process he uses to finance them.  Amazingly he does this all with just private money lenders and his own equity!

Have any questions for Will or myself? 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?

I was thinking about creating systems during a trip to Disneyland.  All successful businesses utilize systems.  You have to give up the idea that you need to do everything in your business on your own.  It does take more time and effort to train someone to do something, so you need to take the time to set up your system.  And you should know how to do something, like evaluating properties, before you train someone else.  But other things that are “unskilled”, like licking stamps, can be turned over quickly and delegated out.  Start delegating the simple stuff and then increase the complexity (and their compensation) as your trust in the person increases.  Then focus your energies on growing you business, instead of running each moving part.

In this episode we cover:

• Will Barnard's early start as a self-employed business person and how he found real estate investing and house flipping
• In 2004 Will started buying houses and in 2005 started buying houses in Texas even though he lived in California
• In 2009 Will did his first flip and almost pulled six figured on the deal
• Why Will's main focus right now is on the luxury market with higher-end houses
• How Will finds properties using the MLS
• What Will looks for when searching out higher-end deals
• Will's business, Investor Experts, and how it helps people find MLS deals.
• Will's plans to use Direct Mail as part of his acquisition funnel
• How Will funds all of his higher end deals just with private money and personal funds.
• How to increase your pool of private money and find the lenders with money.
• How to avoid breaking government rules with private money lending
• What Will does to structure his financing and payments

• “Everyone and their dog is trying to flip houses” ~ Will Barnard [Tweet This!]
• “There is risk in everything we do and everything we say.  It is how well you mitigate that risk that matters” ~ Will Barnard [Tweet This!]
• “If you're brand new I highly recommend starting with … family and friends” ~ Will Barnard [Tweet This!]
• “I always focus on the lender and not myself” ~ Will Barnard [Tweet This!]

Click here to Read and Download the Transcript for Episode 24

• Investor Experts
• Will's website: Barnard Enterprises
• Occupants from Hell

Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February! If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/mastermind

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!

Image Attribution: By Wolfgang Staudt from Saarbruecken, Germany (Potsdam Neues Palais) [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

The post HFHQ 24: High-End House Flipping with Will Barnard (Part 1) appeared first on House Flipping HQ.

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This is Part 2 of our interview with Marty Boardman.  If you missed it,  click here for Part 1 of this interview

Marty is a house flipper from Phoenix, Arizona, who flips houses in Milwaukee. Yes, you read that correctly. Even though Marty lives in Phoenix he has an active house flipping business with a farm area 2,000 miles from where he lives!

In today's interview, we discuss how Marty approaches financing, rehabbing and buying properties.  We also talk about the importance of mentors, how to run a scalable business and there is even a bonus at the end of the episode for you to enjoy.

Have any questions for Marty or myself? 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?

In this episode we cover:

• Federal regulations related to house flippers and private money lenders
• Where Marty finds his private money lenders
• Marty's experience with and strategies for working with contractors
• Why Marty spends most of his time on the acquisition process
• The importance of having mentors and people who can guide your development
• How Marty sells his properties
• The pros and cons of having a real estate license
• Marty's approach to the business of being a real estate investor
• Plus, a special bonus at the end of the episode!

• “Where else can you get 12% annualized return with a secured investment?” ~ Justin Williams [Tweet this!]
• “If I'm going to have 14 rehabs going at one time, I'm going to need at least 4 contractors to manage all the work” ~ Marty Boardman
• “The only times I ever want to hear form you are, the house burned down, or somebody died in it, or its going over budget, or its going to take longer than you think.  Those are the only four reasons you should call me.” ~ Marty Boardman
• “Show me the baby.  Don't tell me about the labor pains.” ~ Justin Williams [Tweet this!]
• “You have to empower people to make their own choices.” ~ Marty Boardman [Tweet this!]
• “He told me, ‘you know a LOT about real estate, but you don't know JACK about business.” ~ Marty Boardman [Tweet this!]
• “Investing in real estate is a business.  Just like any other business … it does require a lot of work.  You have to immerse yourself in the craft of real estate investing.” ~ Marty Boardman
• “If you're going to build a scalable investment business … you need to be willing to step back” ~ Marty Boardman [Tweet this!]
• “Who doesn't love to see a dumpy little house turn in to something you can be proud of?” ~ Marty Boardman [Tweet this!]

Click here to Read and Download the Transcript for Episode 23

• Fixing and Flipping Real Estate: Strategies for the Post-Boom Era (Affiliate Link)
• Pro Teck Valuation Services

Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February! If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/mastermind

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!

Image Attribution: By Azwatchdog (Own work) [GFDL (http://www.gnu.org/copyleft/fdl.html), CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0/), CC-BY-2.5 (http://creativecommons.org/licenses/by/2.5), CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)], via Wikimedia Commons

The post HFHQ 23: Long Distance House Flipping – Marty Boardman (Part 2) appeared first on House Flipping HQ.

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Today we are visited by Marty Boardman.  Marty is a house flipper from Phoenix, Arizona, who flips houses in Milwaukee.  Yes, you read that correctly.  Even though Marty lives in Phoenix he has an active house flipping business with a farm area 2,000 miles from where he lives!

In today's Part 1 of the interview, we discuss how Marty got started with House Flipping (which actually follows a lot of parallels with my own journey) and he shares why he changed his farm area to another state and how he works his deal acquisitions and financing from such a long distance.

Have any questions for Marty or myself? 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?

Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February! If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/webinar

In this episode we cover:

• Marty's journey from a TV cameraman to real estate investor
• How Marty interned with an established real estate investor to learn the ropes
• Marty's experience with House Flipping “Guru's” and the real way to learn how to flip houses
• Why Marty decided to stop flipping houses in his own area (Phoenix) and started flipping in Milwaukee
  • How he “graduated” from a beginner house flipper to an true house flipper by changing his farm area
• How Marty finds his deals
  • MLS – It is important to find a realtor on the ground who knows what to look for.
  • REO
  • Estate Sales
  • Wholesaler
• How Marty analyzes over 150 properties a month even though he doesn't live in his farm area
• How Marty gets financing for his deals

• “Quit wasting your time flying around the country giving money to these gurus.  Find yourself a real estate investor in your market and learn from them. Buy them coffee, taken them out to lunch, and serve them someway and help them.” ~ Marty Boardman
• “I'm not necessarily looking to find a real estate agent who is an investor themselves.” ~ Marty Boardman [Tweet this!]
• “If you're just getting started and you don't have the money, just go find a deal.” ~ Marty Boardman [Tweet this!]

Click here to Read and Download the Transcript for Episode 22

• Rich Dad, Poor Dad (Robert Kiyosaki)
• CASHFLOW Quadrant (Robert Kiyosaki)
• Bigger Pockets
• Milwaukee REIA
• Flipping Phoenix Houses (Marty's Website)
• Pro-Teck Valuation Services

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 22: How To Flip Houses from 2000 Miles Away – Marty Boardman (Part 1) appeared first on House Flipping HQ.

Hosted on Acast. See acast.com/privacy for more information.

You can hear Part 1 of this interview here.

Sharon Vornholt from Louisevile, Kentucky is a master marketer, wholesaler, and really understands the probate and absentee owner process.  In part 2 of our interview Sharon shares details on how she connects with and talks to potential sellers.  She also explains her process for getting properties under contract and where she finds buyers to wholesale her properties to.

Have any questions for Sharon or myself? 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?

Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February! If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/webinar

In this episode we cover:

• Sharon's process when on the phone with a potential seller
  • Confirm phone number and name
  • Have them describe the property and conditions of major systems (heat, electric, etc.)
  • Have the kitchens or baths been redone in the past 7 or 8 years?
• Understanding a seller's motivation for selling the house.  “What are you looking to get?”
• What Sharon does when she visits a house
• How Sharon draws up her contracts and initiates the closing process
  • The type of contract Sharon uses
• Why you shouldn't get caught up in the probate process
• Where Sharon finds her best buyers
• Why marketing to sellers is a long-term process and you need to stick with it.

• “Try to find out what their motivation is.  It's always money, but there is always something else” ~ Sharon Vornholt
• “I use a simple one page contract that pretty much anyone can understand” ~ Sharon Vornholt
• “My best buyers were found in my REIA group” ~ Sharon Vornholt [Tweet this!]
• “People think you need a million buyers. You don't.  You really only need three.” ~ Sharon Vornholt [Tweet this!]
• “Marketing is a long-term strategy.  Direct Mail is a long-term strategy” ~ Sharon Vornholt [Tweet this!]
• “90% of your deals will come about at your fifth mailing or beyond” ~ Sharon Vornholt [Tweet this!]

Click here to Read and Download the Transcript for Episode 21

• Innovative Property Solutions, LLC
• Louisville Gals Real Estate Blog
• KREIA – Kentuckiana Real Estate Investors Association

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!

Image Attribution: By Tony Wills [CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

The post HFHQ 21: Approaching and Dealing with Sellers – Sharon Vornholt (Part 2) appeared first on House Flipping HQ.

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Sharon Vornholt from Louisevile, Kentucky is a master marketer, wholesaler, and really understands the probate and absentee owner process.  In fact, today we get really deep with her approach to marketing to probates and finding absentee owners.  She gives us her specific methods for direct marketing to this unique demographic and even provides a copy of her initial probate letter, which you can download below!

Have any questions for Sharon or myself? 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?

Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February! If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/mastermind

In this episode we cover:

• Sharon's early beginnings with properties starting a home inspection company and then getting hooked on investing at her first REIA meeting.
• How Sharon started with wholesaling and what she recommends for people who are just starting out
• Sharon's current business model and why she transitioned away from being a landlord
• Sharon's main marketing source and the best source of her leads
  • The power of networking with your REIA group
• Why probates are unique and how to market to them effectively (hint: don't send a yellow letter or postcard!)
  • Marketing to the executor vs. the heirs
  • The four pieces of information you need to start a probate campaign
  • Sharon's specific approach to crafting a probate letter and how many letters she sends
• Sharon's specific approach to marketing to absentee owners and which direct mail pieces get the best results
• Sharon's preferred mailing and list services for direct mail marketing
• How Sharon handles phone calls

• “There was something really scary about making that first offer and wondering if I would be able to find a buyer” ~ Sharon Vornholt
• “You have to learn what a good deal is” ~ Sharon Vornholt [Tweet This!]
• “You need a realtor who understands investing” ~ Sharon Vornholt [Tweet This!]
• “There are around 3,300 counties in the United States, and every one of them is different” ~ Sharon Vernholt
• “What's good is bad and what's bad is good” ~ Justin Williams [Tweet This!]

Click here to Read and Download the Transcript for Episode 20

• Innovative Property Solutions, LLC
• Louisville Gals Real Estate Blog
• yellowletters.com
• ListSource.com

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!

Image Attribution: By Greg-si (Own work) [CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

The post HFHQ 20: Wholesaling and Probates with Sharon Vornholt – Part 1 appeared first on House Flipping HQ.

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Rick Solis is a master of evaluating properties and is currently the main appraiser for the Norris Group. He's appraised over 12,000 properties, averaging more than 500 per year, has done 200 real estate transactions of his own and has been involved in around 250 loans.

In this, the second part of our interview, Rick gets in to a lot of details on the appraisal process.  He spends a lot of time sharing both his own process for inspecting properties, and how you can work with appraisers as an investor.  We also discuss creative financing, retirement investments and Rick even provides 3 downloadable documents that you can use today to help you and your business.

Have any questions for Rick or myself? 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?

Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February! If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/mastermind

In this episode we cover:

• Why most appraisers and real estate agents don't really know how to evaluate properties for investing
• Rick Solis' approach to writing rebuttal letters and where to send it to (and where NOT to send it!)
• Rick's process when he inspects properties and what he looks for
• How to work with appraisers to get the best results
• What to do when you end up with a bad appraisal and your options when the appraiser won't budge
• Rick's financing methods with seller financing and subject 2 (and what those are!)
  • Examples of creative financing with seller financing
  • The documents you need for seller financing
  • Approaches to subject 2 financing
• Rick's approach to retirement investing and ways to build your retirement equity quickly

• “I'm a much better appraiser now that I'm buying properties” ~ Rick Solis [Tweet this!]
• “As an appraiser our whole life is coming up with a number and justifying it” ~ Rick Solis [Tweet this!]
• “In the 12,000 appraisals that I've done, it's always been the ‘wrong' number.  Someone is always unhappy with the number.” ~ Rick Solis [Tweet this!]
• “I'm a big reader of books.  Whenever I have a problem I need to figure out, I just go get a book.” ~ Rick Solis [Tweet this!]
• “If I was hitting real estate clubs right now [Tony Alvarez] is the main guy I would try to follow.” ~ Rick Solis

Click here to Read and Download the Transcript for Episode 19

• Norris Group Website
• Interested in the House Flipping Mastermind Group? Get information here.

And here are the documents that Rick mentioned in the podcast, which you can download for free:

• Appraisal Adjustments
• How to select sale comparables
• Rick's recommended books and resources

[wpdm_file id=13]

We have winners for our two drawings for prizes with both Robert Fragoso and Ryan Skalla!  Here are the details:

Tickets to Anchor Loans' VIP house flipping networking event in the Hyde Lounge at an L.A. Clippers game (See post here)

• Winner: Chris Music from San Francisco, California

A 1-on-1 coaching call with Justin Williams and Direct Marketing expert Ryan Skalla (See post here)

• Winner 1: Casey from Denver, Colorado
• Winner 2: Blake Stevens from Ft. Collins, Colorado

Congratulations!  If you won the contest, just shoot an email to [email protected] with your contact details and we will send you all the information you need.

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!

Image Attribution: By Herzi Pinki (Own work) [CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons

The post HFHQ 19: Appraisals for House Flippers – Rick Solis (Part 2) appeared first on House Flipping HQ.

Hosted on Acast. See acast.com/privacy for more information.

Rick Solis is a master of evaluating properties and is currently the main appraiser for the Norris Group.  He's appraised over 12,000 properties, averaging more than 500 per year, has done 200 real estate transactions of his own and has been involved in around 250 loans.

From early beginnings buying his first rental property at the age of 20 and working as an appraiser for over 2 decades, Rick is the guy to talk to when you want to understand how to properly evaluate properties.  In part 1 of our interview we discuss his journey as well as his approach to long and short term real estate investing, specifically rental properties and dealing with tenants,

Have any questions for Rick or myself? 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?

Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February! If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/mastermind

In this episode we cover:

• Rick's work as the main real estate appraiser for the Norris Group
• The main way Rick finds deals today and why he doesn't use Direct Mail
• Why Rick prefers rental properties to flipping houses
• Rick's optimal time to sell a house
• What Rick looks for in a house when it is occupied and how he deals with existing tenants
• The eviction process and Rick's no-stress way to evict bad tenants
• Why it's important to factor in the worst-case-scenario when you get a deal from an unknown wholesaler
• What Rick looks for when he is evaluating properties as an appraiser
• Rick's approach to finding and analyzing comparables
• The difference between looking at comps as an appraiser vs. an investor

• “When I'm flipping it's just for income.  When I think of myself as an investor, I'm trying to take the profit out of a sale and move if forward.” ~ Rick Solis
• “I hate rental houses” ~ Rick Solis [Tweet this!]
• “20% of our rentals provide 60% of the hassles” ~ Rick Solis [Tweet this!]
• “I hate selling a house between Holloween and Valentine's Day” ~ Rick Solis
• “If I'm discounting the rent, then they're taking care of the maintenance” ~ Rick Solis [Tweet this!]
• “There is nothing worse than doing a double rehab within a year” ~ Justin Williams [Tweet this!]
• “You have to wear pants to court, and I hate that” ~ Rick Solis [Tweet this!]
• “You don't need to know everything to get started in this business” ~ Justin Williams [Tweet this!]

Click here to Read and Download the Transcript for Episode 18

• Joe Lahore Investment Club
• Norris Group Website
• Fast Eviction
• Interested in the Mastermind Group? Get information here.

We are going to announce the winners for the contests with Robert Fragoso and Ryan Skalla on Episode 19 of the podcast!  I can't wait! Is it you? Come back on Friday and find out!

Our recent iTunes Charity Challenge raised $360 to help out families in need during the holidays! A big THANK YOU to everyone who participated.  You helped several family's have a hope-filled holiday season!

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!

Image Attribution: By barrett4wi [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

The post HFHQ 18: The King of Appraisals – Rick Solis (Part 1) appeared first on House Flipping HQ.

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This is part 2 of my interview with Vanessa Feil, my house flipping assistant.  If you haven't listened to Part 1, be sure to check it out first, as it will help bring clarity and context to what we discuss here.  Click here to listen.

In this episode we discuss the importance of keeping a calendar when you run a house flipping business, Vanessa's day-to-day life in our business and also how to work with and motivate a house flipping assistant to become the best asset you could ever have.

But best of all?  You get to be a fly on our wall as we do our actual 2014 goal setting for our business!  Find out the specific number goals we have for how many houses we'll buy and how much profit we'll bring in, and how we come up with the data.

Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February!  If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/mastermind

Have any questions for Vanessa or myself? 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?

In this episode we cover:

• Effectively using a calendar system to maintain systems with a house flipping business to increase productivity and efficiency
• A day in the life of Vanessa — what she does and how she works
• Why a problem can be a good thing
• Setting up hours with your assistant in the beginning of your relationship
• More tasks that you can have an assistant do for you such as writing letters and direct marketing
• Why menial tasks in the beginning are best for your assistant
• How to keep your assistant motivated and ensure unlimited growth potential
• How Justin learned about the importance of showing appreciation when your assistant does a great job
• A “fly on the wall” look at Justin and Vanessa discussing their business goals for 2014
  • Streamline relationships with agents and design teams in specific areas
  • Specific numbers for buying (i.e. get under contract) and net profit goals

“I don't expect you to remember everything — I certainly don't — but there are systems out there we can use to make sure we don't forget.” ~ Justin Williams

“You can hold all those ideas in your head, but when you write them out it's much more efficient in utilizing those ideas.” ~ Vanessa Feil

“There are a million ways to make a million dollars, but unless you focus on one of them you won't make anything.” ~ Justin Williams [Tweet this!]

“We get paid for problems.” ~ Justin Williams [Tweet this!]

“Many people say it's hard to find good help.  I think it's more about the way they manage that help.  [Tweet this!]  You try to find the right person, but then it's your job to manage and train them.” ~ Justin Williams [Tweet this!]

“No matter the scale of the project, there is always a way to streamline it to make it efficient for everybody.” ~ Vanessa Feil [Tweet this!]

Click here to Read and Download the Transcript for Episode 17

• Blog Post: Putting Together a Plan and Systems to Help You Reach Your House Flipping Goals For the New Year!
• Interested in the Mastermind Group? Get information here.

Due to illness and the holidays we are going to announce the winners for the contests with Robert Fragoso and Ryan Skalla next week. I can't wait! Is it you? Come back next week and find out!

Also, tune in next week to learn the results and hear a special message about our recent iTunes Charity Challenge!

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 17: Managing Your House Flipping Assistant with Vanessa Feil – Part 2 appeared first on House Flipping HQ.

Hosted on Acast. See acast.com/privacy for more information.

Click here to go to Part 2 of this interview!

My assistant, Vanessa Feil, definitely helps my business run smoothly and I couldn't get so many things done without her invaluable help.  So, getting her on the podcast to share a bit of what she does to help my house flipping business run was something I knew you'd love to hear.  We discuss everything from how I found and hired her, what I initially paid her and the best ways to start working with an assistant.

But then it gets really good and we go in to all of the tasks and responsibilities that she has within my company and how she has become an indispensable part of my team.  She describes our entire house flipping process from working with wholesalers, buying, financing and more!  And this is just Part 1!  We'll have Part 2 up in another 2 days so come back then, but in the meantime, be sure to get in on this amazing interview with my awesome assistant, Vanessa!

Have any questions for Vanessa or myself?  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?

In this episode we cover:

• How I met and hired Vanessa, including pay, compensation, training and responsibilities
• Basic things you can have an assistant do when you first hire them
• How Vanessa grew in the business over time
• The number one thing I look for when I hire an assistant or employee: an ability to take and understand constructive criticism
• Vanessa's transition into managing the trustee sale part of the business
• The importance of streamlining and setting up systems with your assistant
• What is was like when Vanessa took over the rehabbing process and initial challenges working with contractors
• Answers to a listener question related to the role of an assistant
• Vanessa's current day-to-day responsibilities with our house flipping projects and how she keeps things organized
• Vanessa's process for buying properties using agents and wholesalers and expectations on how deals have to be brought to them
• The importance (and challenges) of training the people who are a part of your deal acquisition funnel
• Why Justin never wants Vanessa to ask him questions, and what she does instead
• Vanessa's entire process and systems for financing properties with private money lenders and hard money lenders
• The checklist of processes that happen once the property is bought and is ready to be rehabbed

“It is so important when hiring an assistant that, number one, you find someone who can take constructive criticism, and number two, that you are willing to give it.” ~ Justin Williams

“Too many hands in the pot make things too confusing [Tweet this!] … the more that the contractor can handle and be responsible for, the smoother its going to go; for us and for them.” ~ Vanessa Feil

“Don't expect your assistant to do all this at first. … Start with the basics.” ~ Justin Williams [Tweet this!]

“One important key factor in organizing all of this is having your spreadsheets — its a bit part of how we streamline everything so it doesn't get overwhelming.”  ~ Vanessa Feil

“The more information you get, the more you want to work with the property, or work with the person in general.” ~ Vanessa Feil [Tweet this!]

“I don't know of any business where you can run an effective business without trusting people.” ~ Justin Williams [Tweet this!]

Click here to Read and Download the Transcript for Episode 16

Tweet This!

• Blog Post: Putting Together a Plan and Systems to Help You Reach Your House Flipping Goals For the New Year!
• Interested in the Mastermind Group?  Get information here.

Due to illness and the holidays we are going to announce the winners for the contests with Robert Fragoso and Ryan Skalla next week.  I can't wait!  Is it you?  Come back next week and find out!

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 16: Hiring and Working with a House Flipping Assistant with Vanessa Feil appeared first on House Flipping HQ.

Hosted on Acast. See acast.com/privacy for more information.