7 Figure Flipping

This is Part 2 of our wholesaling mini-seminar with Ginger Macias.  If you haven't had a chance to listen to part 1, be sure to head over there and chck it out. There are some real gems in that part of the interview.

In today's conclusion Ginger discusses the rest of her 5 steps to wholesaling, with great details on analyzing deals, getting properties under contract, finding buyers and closing your deal.  Plus, she goes even farther by providing 7 “Pro-Tips” that will help you bring your wholesaling business even farther!

Have any questions for Ginger 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:

• More of Ginger's five steps to wholesaling, and which two are the most crucial.

1. Find the seller
   1. Working with (and making friends with) other wholesalers to get deals.
   2. The only two things you need to do to get a flow of deals (hint: neither of them involve lists!)
2. Analyze the deal
   1. Why this is the most essential skill for a wholesaler (or house flipper) to have.
   2. The primary goal is to find the ARV (After Repair Value) for a property.
   3. The number of sold properties with similar attributes (finding comps).
   4. The specific tools ginger uses to analyze deals.
   5. The three things you need to look for with properties: time, place and type.
   6. Why you should pay attention to price per square foot
   7. The percentages Ginger uses to figure out her offer price and ARV
3. Get the contract
   1. How to know your MAO (Maximum Allowable Offer)
   2. Ginger's method for submitting an offer to a seller and the terms she uses in her contract.
   3. The only contingency that Ginger puts on her contracts: inspection!
   4. Why you don't need to know how to fill out a form to make offers.
4. Find the buyer
   1. Why this is actually the first step, not the fourth step.
   2. The importance of networking and how to find buyers.
   3. The websites and social networks Ginger uses to find buyers.
   4. Ginger's online marketing systems to share your deals with buyers.
   5. The information you need to give buyers so that they can make decisions quickly.
5. Close the deal
   1. How to weed out the non-buyers from the buyers.
   2. How to do a simultaneous close.

• Mental blocks that stop most beginning wholesalers from getting to that first deal.
• Ginger's “Pro Tips” for wholesaling
• Work hard for your money — do your own homework, comps and due dilligence
• No daisy chains! — work with just one other wholesaler at a time.
• Don't get greedy — there is more than money in the deal.
• Make lots of friends — friends don't cheat each other.  It's all about relationships.
• Have a professional image — Show the best of yourself to others
• Listen to the needs of others — helping others will help yourself
• Continue learning — never stop learning!

“Do not get emotional about a deal.  Always run your deals through the numbers.” ~ Ginger Macias [Tweet this!]

“Don't worry about the money.  Your job is to find properties.” ~ Ginger Macias [Tweet this!]

“The more you do it, the better you'll get.  The first time I was analyzing deals it took me an hour or two hours … now it doesn't even take me 10 or 15 minutes.” ~ Ginger Macias

“You want to be as easy to work with as possible.  If you're really easy-going agents will love you.” ~ Ginger Macias

“Don't let the paperwork get in the way. Don't let the contract get in the way.  Just get your offer in front of sellers.” ~ Justin Williams

“Work hard for your money” ~ Ginger Macias [Tweet this!]

• OCWholesalers.com (for buyers)
• RealEstateInsiders.co (for students)
• “Rich Dad, Poor Dad” by Robert Kiyosaki [affiliate link]
• realestatecashnetwork.com
• Probate lead companies on Google
• Foreclosureforum.com – Ward Hannigan
• listsource.com
• craigslist.org
• feedly.com
• flipcomp.com
• Property Radar
• Google Maps (maps.google.com)
• firsttuesday.us (California real estate forms)
• Bigger Pockets
• LinkedIn
• Facebook
• Aweber
• Simultaneous close (on Ginger's membership website)

Click here to Read and Download the Transcript for Episode 15

Don't forget that you have just one more week to enter our marketing challenge contest with Ryan Skalla.  Post up your biggest marketing challenge and enter to win a chance for a free 20 minute coaching calll with Ryan and myself.  Click here for details.

Win a private coaching call with Justin and Ryan!

Our contest with Robert Fragoso is over and we will announce the winner of the VIP House Flipping networking event tickets next week!

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 15: Part 2 – Wholesaling Pro-Tips with Ginger Macias appeared first on House Flipping HQ.

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

Merry Christmas everyone! 

Today Santa is bringing you some serious house flipping knowledge in the form of Ginger “the Wholesaling Queen” Macias and her veritable mini-course on wholesaling.

With all the information Ginger shares we had to break this interview up in to two episodes again.  (This is becoming a habit!)  In Part one Ginger shares how she got started in real estate investing and then gets really detailed with the first of her five steps to wholesaling: finding the seller.  If you want to know how a successful wholesaler finds deals, then you really have to hear this episode!

On Friday we'll post up part 2, so be sure to check back here for that one!   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:

• Ginger's background and how she discovered real estate investing and went “all in” with her business, plus lessons learned from her early experiences
• The importance and examples of sticking with things and never giving up with House Flipping
• What is wholesaling? And why is it a great way to make money with zero capital or risk.
• Ginger's five steps to wholesaling, and which two are the most crucial.

1. Find the seller
   1. How the state of the market determines the type of sellers you try to find.
   2. The importance of creating a website and online marketing.
   3. How, where and when to use bandit signs in today's market with the best results.
   4. Where and how to find probate lists, foreclosure lists and more.
   5. Ginger's approach to “driving for dollars”.
   6. How Ginger works with real estate agents to find deals.
   7. Ginger's step-by-step method to use Craigslist to find deals (and what to look out for!)
   Transcript

   Click here to Read and Download the Transcript for Episode 14

“Never give up” ~ Ginger Macias [Tweet this!]

“Try not.  Do or do not. There is no try” ~ Yoda [Tweet this!]

“80% of your success comes from your attitude” ~ Ginger Macias [Tweet this!]

“The most dangerous of human traps, is the dungeon of comfort” ~ Robert Kiyosaki [Tweet this!]

“As a wholesaler, your number one priority is to know your market, and to know your after repair value” ~ Ginger Macias [Tweet this!]

• OCWholesalers.com (for buyers)
• RealEstateInsiders.co (for students)
• “Rich Dad, Poor Dad” by Robert Kiyosaki [affiliate link]
• realestatecashnetwork.com
• Probate lead companies on Google
• Foreclosureforum.com – Ward Hannigan
• listsource.com
• craigslist.org
• feedly.com
• flipcomp.com
• Property Radar
• Google Maps (maps.google.com)
• firsttuesday.us (California real estate forms)
• Bigger Pockets
• LinkedIn
• Facebook
• Aweber
• Simultaneous close (on Ginger's membership website)

Don't forget that you have just one more week to enter our marketing challenge contest with Ryan Skalla.  Post up your biggest marketing challenge and enter to win a chance for a free 20 minute coaching calll with Ryan and myself.  Click here for details.

Win a private coaching call with Justin and Ryan!

Our contest with Robert Fragoso is over and we will announce the winner of the VIP House Flipping networking event tickets next week!

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 14: Part 1 – Ginger Macias Shares Her Wholesaling Process appeared first on House Flipping HQ.

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Ryan Skalla is a direct marketing machine! In the last 10 years he went from leaving a job in software development and buying his first subject 2 property to creating a marketing funnel that has helped his house flipping business grow by 400% in the last 6 months. We cover so much in this interview that I had to break it in to two parts!

Today is part 2, so if you haven't listened to part 1, be sure to check that out first.  Click here to listen.

In this part of the interview Ryan shares more information about marketing and how we was able to increase his ad spend by 40% with complete confidence, his approach to lists and how he finds the best prospects, and what he spends 80% of his personal development time learning about (and it isn't real estate!).  Ryan really delivers and shares specific steps on how to discover the next evolution in your house flipping business.

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:

• The three parts of marketing
  • Geographic – location
  • Demographic – person
  • Psychographic – type
• Why Ryan increased his ad spent by 40% without hesitation
• How to know when your marketing is causing a reaction
• Ryan's approach to lists to find the best prospects
  • Look for anomalies, commonalities and patterns
• What Ryan spends 80% of his professional time learning about and why he doesn't study about real estate
• The value of effective copy writing and why it is a good idea to outsource this skill set.
• How Justin and Ryan are going to raise their professional relationship to the next level
• Why Direct Mail response rates are irrelevant
• Three steps to discovery the next step in your business evolution
  • Tracking
  • Fill the holes
  • Improve and Scale your KPI's
    • Mail, calls, offers, deals, average profit
• Win an a personal consultation with Ryan and Justin with their Marketing Challenge Competition.
  • Write your biggest marketing challenge in the comments below, receive our feedback, and you will be entered to win!

Win a private coaching call with Justin and Ryan!

“Business … is about controlling your emotions” ~ Ryan Skalla [Tweet this!]

“What gets measured gets improved … if you don't know your numbers how can you expect to improve them?” ~ Ryan Skalla [Tweet this!]

“I don't care about the 99 who didn't respond.  I only care about the one that does.” ~ Ryan Skalla

“Time and circumstance will change all seller's minds” ~ Ryan Skalla [Tweet this!]

“In the beginning you are sort of gambling, you're trying to see what works, but now I have results so if I do this again, I'm going to make money again.” ~ Ryan Skalla

“Nail it and scale it.” ~ Ryan Skalla [Tweet this!]

In today's episode I mention that, even though I spent a “day off” from House Flipping, I was still able to connect with some realtors, a private money lender, and got a lead on a house to purchase.  All this while the rest of my business was still operating. The reason I share this is to let you know that you never know where opportunities and relationships will come from so always be open to sharing who you are and what you're doing with those you meet.

Here are some pictures of my daughter and I when we went to purchase our truck.

Justin and his daughter saying goodbye to their old Dodge

Justin and his daughter buying a truck

Also, don't forget to enter the contest that Robert Fragoso and I have running until Saturday, December 21, 2013.

Some more details … Robert and I are putting together an amazing opportunity for you to meet and discuss real estate investing with some of the top people in the game. Here's what you have to do:

• In the comments section of Robert's podcast show notes page, write down something specific you will do in the next week to either get your house flipping business started or to take it to the next level. It should be specific, measurable, and actionable.
• Until Saturday, December 21, 2013, Robert and I will review your entries, provide some feedback/suggestions, to make sure you are on the right track and then pick one of you to join us at an amazing networking event in the private Hyde Lounge at an upcoming Clippers basketball game.
• Don't over complicate it. The winner will be chosen based on the simplicity of their actionable item and how it will directly help them either begin or improve their business. Oh and you have to actually do what you say you are going to do

Click here to Read and Download the Transcript for Episode 13

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 13: Part 2 – Direct Marketing Masterclass with Ryan Skalla appeared first on House Flipping HQ.

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

Ryan Skalla is a marketing machine!  In the last 10 years he went from leaving a job in software development and buying his first subject 2 property to creating a marketing funnel that has helped his house flipping business grow by 400% in the last 6 months.  We cover so much in this interview that I had to break it in to two parts!

Today in part 1 of this interview we cover Ryan's amazingly detailed approach to marketing and how he's brought his analytical skills from software to enhance his real estate investing business.  Learn how he approaches his marketing systems to focus his energy and time so he can bring about the greatest results to super-charge his house flipping machine!

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:

• Ryan's history and background from Software to Real Estate
• How Ryan was able to use the power of vision to create an amazing breakthrough in his business
• The power of analysis and how it transformed Ryan's direct marketing efforts
• The 5 important Key Performance Indicators (KPI's) in Ryan's house flipping business
  • Mail
  • Calls
  • Offers
  • Deals
  • Average Profit
• Ryan's implementation of the 80/20 rule
• Why Ryan doesn't care about a seller's motivation
• The problem most direct marketing materials suffer from and how you can change your approach
• Where beginners can start with direct marketing
• Why mailing to general absentee lists is a waste of time and money
• The 3 legged bar stool of direct marketing and what each leg does for you.
  • Message
  • Media
  • Market

• Rich Dad, Poor Dad by Robert Kiyosaki (Affiliate Link)

“You can fail 90% of the time and still have more successes than failures” ~ Justin Williams

“Fall down eight, stand up nine” ~ Ryan Skalla [Tweet this!]

“My goal is to make my wholesalers make as much money as possible” ~ Justin Williams

“A lot of my business is based on things that I don't want to do” ~ Ryan Skalla [Tweet this!]

“Discover the next evolution in your business” ~ Ryan Skalla [Tweet this!]

“How much mail did you send, how many calls did that mail generate, out of those calls how many were worth making offers on, and out of those offers how many deals did you get?  Multiply the deals by your average profit and there is your ROI” ~ Ryan Skalla

“Real estate is the best opportunity that I've found to apply my skills and make the most money” ~ Ryan Skalla

“Making offers is like playing the lottery for free” ~ Ryan Skalla [Tweet this!]

“You will only attract to the extent that you're willing to repel” ~ Ryan Skalla [Tweet this!]

“People only trade equity for peace of mind” ~ Ryan Skalla [Tweet this!]

Also, don't forget to enter the contest that Robert Fragoso and I have running until Saturday, December 21, 2013.

Some more details …  Robert and I are putting together an amazing opportunity for you to meet and discuss real estate investing with some of the top people in the game.  Here's what you have to do:

• In the comments section of Robert's podcast show notes page, write down something specific you will do in the next week to either get your house flipping business started or to take it to the next level.  It should be specific, measurable, and actionable.
• Until Saturday, December 21, 2013, Robert and I will review your entries, provide some feedback/suggestions, to make sure you are on the right track and then pick one of you to join us at an amazing networking event in the private Hyde Lounge at an upcoming Clippers basketball game.
• Don't over complicate it.  The winner will be chosen based on the simplicity of their actionable item and how it will directly help them either begin or improve their business.  Oh and you have to actually do what you say you are going to do

Click here to Read and Download the Transcript for Episode 12

Justin's iTunes charity challenge!  We have just a day or two until this charity challenge ends on December 20, 2013 and we only need 4 more ratings and reviews to meet our goal!

Your iTunes ratings and reviews can help a family in need this holiday season.  Plus you get a great free gift and amazing resources that Justin uses in his own business. Subscribe, rate and review the podcast and then e-mail me at [email protected] with your iTunes name!

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 12: Part 1 – Direct Marketing Masterclass with Ryan Skalla appeared first on House Flipping HQ.

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

Robert Fragoso, a hard money lender with Anchor Loans in Southern California, has been in this business for over 20 years, has overseen loans totaling over $1.6 Billion (yes, Billion, with a “B”), and from the more than 5,000 deals he analyzes each year, has his hands in more than 1,500 transactions — per year!.  Not only that but this guy is a Master Networker and all around great guy.

Today he provides some incredible insights on the real estate investing business.  From how money lenders analyze your deals, to the importance of networking in developing your business, Robert goes in to some amazing detail in this, the longest podcast we've ever produced.  He even provides some great predictions on where the market will go in 2014.

We discuss just about everything you can imagine, and if you've ever wanted to hear a conversation on some high-level investing topics, or just want to get an understanding of how a beginner house flipper can approach a lender, then this is something you need to listen to.

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:

• Robert's background in real estate investing and how he developed his business to over $1.6 billion in loans.
  • Keys to hiring and where you can find the best people to learn your systems
  • Robert's number one goal with his business
  • How to work with and qualify contractors
  • Do's and Don'ts of evaluating properties and how to analyze deals
• The importance of networking, including a recent networking event of Robert's which Justin attended
  • Effective things to do when attending a networking event
• Strategies and practices of a hard money lender
  • The first things you should do when you find a deal
  • In L.A. 38% of all deals are cash deals.  Nationwide it is 58%.
  • The #1 trigger word you should never use with lenders
  • The three things you absolutely should do when evaluating a hard money lender
  • Robert's number one pet peeve when it comes to writing offers
  • The things Robert looks for when new house flippers come to him with a deal
  • The one thing most beginners grossly underestimate with their deals
• What Robert can offer to house flippers — from 100% financing, gap lending and even running the rehab
• Robert's analysis of today's Market and where he sees it going in 2014
  • The best time to buy a property
  • The affect of the Affordable Health Care Act on the real estate market and what is means for borrowers

Some more details …  Robert and I are putting together an amazing opportunity for you to meet and discuss real estate investing with some of the top people in the game.  Here's what you have to do:

• In the comments section below, write down something specific you will do in the next week to either get your house flipping business started or to take it to the next level.  It should be specific, measurable, and actionable.
• Over the next week Robert and I will review your entries, provide some feedback/suggestions, to make sure you are on the right track and at the end of the week we will pick one of you to join us at an amazing networking event in the private Hyde Lounge at an upcoming Clippers basketball game.
• Don't over complicate it.  The winner will be chosen based on the simplicity of their actionable item and how it will directly help them either begin or improve their business.  Oh and you have to actually do what you say you are going to do

Justin's iTunes charity challenge!  Your iTunes ratings and reviews can help a family in need this holiday season.  Plus you get a great free gift and amazing resources that Justin uses in his own business. Subscribe, rate and review the podcast and then e-mail me at [email protected] with your iTunes name!

• Anchor Loans
• Robert's Facebook page
• A Gilded Life (Robert's wife's website)
• House Flipping HQ's Forms Toolkit
• HFHQ Podcast Episode 5 with Kristi Cirtwill and Evan Younger
• Hyde Lounge at the Staples Center
• The Department of Numbers

“The people you do a lot of business with you also have to get along with” ~ Robert Fragoso [Tweet this!]

“The systems that you use when you're buying 1 house a year vs. 100's of houses a year are completely different.” ~ Robert Fragoso

“The point where you're getting too busy, it's too late — you've already lost efficiency” ~ Robert Fragoso

“We qualify our contractors much like we qualify our borrowers” ~ Robert Fragoso

“You have to realize that in this business you're either a deal guy or a business guy” ~ Robert Fragoso [Tweet this!]

“If this is your business, just like any other business, you have to invest in the tools of that business.  You can't be a chef without a stove.  You can't be a contractor without a hammer.  You can't be a real estate investor without access to the MLS and the right valuation tools.” ~ Robert Fragoso

“I love networking as a part of the system to buy more deals.” ~ Robert Fragoso [Tweet this!]

“I would rather go out and leverage other people's work product than go out myself” ~ Robert Fragoso

“Gone are the days where [you can] make 18% on a deal” ~ Robert Fragoso

“We pay 100% of what the property is worth when we buy it. … We are adding value by the work product that we do.” ~ Robert Fragoso

“You have to be willing to set up your business in such a manner that you can take off to Hawaii and not worry, and it still continues.  If you leave at any point and it stops, then you don't have a business — you're a deal guy.” ~ Robert Fragoso

“No agent expects you to buy everything.  But when you think you're not going to buy it, get to that answer quickly.” ~ Robert Fragoso

“There's always money for a good deal.” ~ Robert Fragoso [Tweet this!]

“The good thing about real estate is that you can quantify most of your risk.” ~ Robert Fragoso

“[House flipping] beginners grossly underestimate the cost of the rehab.” ~ Robert Fragoso [Tweet this!]

“This isn't a business where you gamble.  This is a … business with calculated risk.  … It is more important to preserve your capital than make more capital.” ~ Robert Fragoso

“Buy when the price is lower, not when the interest rates are lower.” ~ Robert Fragoso

“Become the expert of your craft” ~ Robert Fragoso  [Tweet this!]

Click here to Read and Download the Transcript for Episode 11

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 11: Take your business to a whole new level with Robert Fragoso appeared first on House Flipping HQ.

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

Brian Daly and Patrick Clark are “The REIG Renovators”

In this episode of the House Flipping HQ Podcast, Patrick Clark and Brian Daly share their beginnings in real estate investing and how they built a successful business, starting out as wholesalers and creating a house flipping business at break-neck speeds.

They give useful information on what they did, and what you can do, to follow your vision and follow through on your dreams.

Like what you hear? 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:

• Patrick and Brian's beginnings with real estate investing
• Keys to the success of their business, including …
  • The importance of “buying into your vision” and following through, both for yourself and for those in your life.
  • Getting out of your comfort zone and meeting like-minded, successful people who also have inner drive
• Patrick and Brian's 10 pillars of generating business for real estate investors
  1. Networking
  2. Relationships
  3. Flyers
  4. Adwords
  5. Direct Mail
  6. Events
  7. Email newsletters
  8. Signs
  9. Social Media
  10. Leverating relationships
• Ways to scrub the MLS to get deals
• The importance of developing relationships and the best ways to find the right people to meet and network
• Importance of making partnerships or joint ventures with people who know the market well if you are new to real estate investing.
• Advantages and methods for every-door direct marketing
• The importance of watching your numbers
• Insights on how to get your deals financed.
• Patrick and Brian's methods to finance all of their deals
• Managing and developing a system for the rehab process
• REIG's donations to Wounded Warrior Homes

Other topics covered:

• Justin's iTunes charity challenge!  Your iTunes ratings and reviews can help a family in need this holiday season.  Plus you get a great free gift and amazing resources that Justin uses in his own business. Subscribe, rate and review the podcast and then e-mail me at [email protected] with your iTunes name!
• We've been asked to do some coaching or a possible mastermind group for new house flippers and I'd like to see what the interest level is.  Leave a comment below if this is something you think you'd be interested in.  Check the end of the episode to hear me discuss it in more detail.

• REIG Group website
• REIG Group facebook page
• USPS – Every Door Direct Mail
• Wounded Warrior Homes
• Interview with Tony Alvarez
• Interview with Tucker Merrihew
• Zillow.com

“A lot of people go out there to these investment club meetings and spend all this time and money but never actually go out there and make action on it, and i can see how that would be frustrating from the significant other's point of view.  We immediate went out there, made action, and started making things happen, and that got them to buy in very quickly” ~ Brian Daly

“You've got to go out there and talk to people.  Find out what they're doing.  People love talking about what they're doing.  The people who do it well have pride in what they do.” ~ Brian Daly

“One of my favorite quotes, and I'm probably botching this, but Jerry Rice said, ‘I do today what others won't, so that tomorrow I do what they can't‘.  (Tweet Jerry Rice's Quote!) You know it takes going out of your comfort zone, putting yourself around people that you're not used to is what's going to create that change.” ~ Patrick Clark

“If you want to be a millionaire, go hang out with millionaires.  (Tweet This!)  You're not going to do it hanging out with your buddies at the bar drinking.  … If you hang out with the people who are doing what you want to do, you'll start to do what they do.”~ Patrick Clark

“It's not about competition, because there is plenty to go around out there.  You just have to know the right areas to look.”~ Patrick Clark

“That's the beauty and the thing I love about this industry.  People are willing to share in their success.  You don't have to go through the traditional routes of education.  It's just a matter of getting off your behind and go and do it.”~ Patrick Clark

“Don't focus on ‘what am I going to say to get this deal?'.  Focus on ‘what am I going to say that separates me from the other 10 investors that are calling this agent?'.” “You won't last long in this industry if purely greed and money are your focuses.  It should be more about doing the right thing.  (Tweet this!)  It's an opportunity to revitalize some run-down houses out there, but also have an impact on the people that are around you — your teams and your community.” ~ Patrick Clark

“If you do a good job [with the rehab] the house will sell itself.” “If you focus on doing the right thing, the money will come.” (Tweet this!) ~ Patrick Clark

Click here to Read and Download the Transcript for Episode 10

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 10: Patrick Clark and Brian Daly with Tips for House Flipping Success appeared first on House Flipping HQ.

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Danny Johnson the Flipping Junkie

Danny Johnson, the “Flipping Junkie”, shares his insights on marketing and wholesaling properties.  With an amazing online funnel he is able to generate leads through his website and also provide an amazing resource for people who want to learn about house flipping online. Like what you hear? 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:

• Danny Johnson's beginnings as a real estate investor and house flipper
• Techniques for better wholesaling and house flipping
• Methods for better deal acquisition
• How to get the right mindset for flipping houses
• The most important things to spend your time on with house flipping
• The importance of goal setting as an investor
• Ways to get a house under contract
• Methods for evaluating deals
• The right way to market to direct sellers
• Subscribe, rate and review the podcast for your free gift! and then e-mail me at [email protected] with your iTunes name so I can send it over!

Resources and Links Mentioned:

• Flipping Junkie (Danny's site about house flipping)
• Danny Buys Houses (Danny Johnson's lead generation website
• SEO Made Simple (Third Edition): Strategies for Dominating the World's Largest Search Engine (affiliate link)

Memorable Quotes

“People get cold feet and they don't realize that it's an investment.  … It builds over time.  What you do now affects what you do 3 months down the line.  Not next week.  Not tomorrow.” ~ Danny Johnson

“If you aren't sick enough of where you are, what you're doing and what your life is looking like, then you don't have a big enough reason to get out of your comfort zone.” ~ Danny Johnson

“Spend your time on the 20% of the things that get 80% of the results.” ~ Danny Johnson [tweet this!]

Click Here to Read and Download the Transcript for Episode 9

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 09: Danny Johnson on Marketing and Wholesaling appeared first on House Flipping HQ.

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Today on the House Flipping HQ Podcast I share some never-before-discussed details about my background and how I came to be involved in real estate investing.  From childhood entrepreneurship to college football to house flipping, I even share all of the details of how I currently run my House Flipping Machine so that it practically runs itself.

I wanted to share a bit about myself so that you get an even more complete picture of how someone can get involved in real estate, build a house flipping business and develop the systems necessary to take it to the next level.  Hopefully this will give some of you ideas on how you can go out and do it for yourself, or at least let you know that you don't have to be born with any special real estate genes to make it in this business.

Like what you hear? 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:

• My childhood moving around from Idaho to California
• Experiences with sports and playing college football
• My first business venture and how I was able to salvage it from a bad partner and over $100k in debt in just 1 year
• My introduction to real estate and how I developed my house flipping business from the beginning to now
• The steps you need to take to get started and maintain a living as a house flipper
• A special link to some of the best downloadable reports I've ever put together on …
  • Buying methods
  • Deal analysis techniques
  • Property review criteria
  • Trustee sale secrets
  • Rehab pricing list
  • My property checklist
• Every detail of how I run  my house flipping business.  It's a real brain dump with all the things I am doing right now to keep my house flipping machine running, including details on how we do …
  • Buying
  • Financing
  • Rehabbing
  • Selling
• Subscribe, rate and review the podcast for a free video gift! and then e-mail me at [email protected] with your iTunes name so I can send it over!

Resources and Links Mentioned:

• A toolkit of house flipping reports and resources for FREE

Click here to Read and Download the Transcript for Episode 8

Memorable Quote

“If you can't get bank financing, don't feel like you can't get financing.” ~ Justin Williams

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 08: The Life and Times of a Professional House Flipper appeared first on House Flipping HQ.

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

Today on the House Flipping HQ Podcast we talk to Tony Alvarez, the “Outspoken Investor” and “REO Mentor” who has a lifetime of experience and understanding in the world of real estate investing.

Today he shares his incredible story and the methods he's used to come back from amazing challenges to incredible success.  Specifically he shares the importance of building relationships and his three steps for accomplishing anything. 

The information he shares in this episode can help you create the mindset for an amazing life of abundance so I really urge you to pay close attention.  Listen to this one a couple times and take some notes!  It's that good!

And be sure to listen to the end where I share a special offer for a FREE copy of my recent presentation at the San Diego Investment Club on how to create your own House Flipping Machine. 

Like what you hear? 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:

• Tony Alvarez's amazing story and  journey with real estate
• Tony's business today and working with his assistant, Sabrina
• A day in the life of Tony Alvarez and his business
• Tony's methodology and approach to business
• The importance and mindset of building relationships
• Tony's three steps for accomplishing anything
  • Step 1: Decide what you want to do and why – be specific.
  • Step 2: Pick a target market and know it better than anyone else.
  • Step 3: Load your GPS:  Goal, Plan and Systems
• What can someone who is new to House Flipping do?  What is their GPS?
  • Learn by being an agent.  Get educated.
  • Your first goal should be to find a deal and “buy” a house.  This means learning how to identify value.
  • Pick a specific market/area to learn how to identify value, then expand from there.
• The importance of investing some time in understanding your mind and the nature of fear.
• Subscribe, rate and review the podcast for your free gift! and then e-mail me at [email protected] with your iTunes name so I can send it over!

Resources and Links Mentioned:

• Bruce Norris and The Norris Group
• Investors Workshops
• Episode 2 with Doug Van Soest
• Calculating value and the ARV
• [email protected]
• TonyAlvarez.com
• TheREOMentor.com
• Tony's Facebook Page

Memorable Quotes

“Real Estate is a business [for] anyone …”  ~ Tony Alvarez

“You're not competing with anyone else.” ~ Tony Alvarez

“I would talk as if I was the wealthiest man in the world, because in my mind I was. … Your mindset is so powerful.” ~ Justin Williams

“I don't complicate anything.  I do the opposite.” ~ Tony Alvarez

“I break this business down in to two parts: … performance [of techniques] … and relationship building.  … and building relationships will out-perform performance every time.” ~ Tony Alvarez

“I had to become the person who is just one notch below the most loving people in that person's life.” ~ Tony Alvarez

“You need to learn how to identify value.” ~ Tony Alvarez

“This business is about people and houses [and] solving problems.” ~ Tony Alvarez

“Physical fears are valid.  Psychological fears are nonsense — they're fake. .. go in the direction of those fears because of what they teach you.” ~ Tony Alvarez

“You have to go forward … because you raise the level for everyone else as well.” ~ Tony Alvarez

Click here to Read and Download the Transcript for Episode 7

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 07: Tony Alvarez and the Relationship Building Mindset appeared first on House Flipping HQ.

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Today the House Flipping HQ Podcast is joined by Tucker Merrihew, a house flipper from Portland, Oregon who is really dominating in his market.  Tucker shares some major tips and inside information on how he runs his business.  He really lays it all out with information on marketing to direct sellers, rehabbing properties and much more.  This interview is gold so I hope you find a lot of value with Tucker's amazing information.

Like what you hear? 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 Tucker got started in Real Estate Investing and house flipping
• The pieces and people in Tucker's business organization
• Tucker's amazing productivity and progress methods
• Methods for marketing and reaching out to direct sellers
• Finding probate sale opportunities and how to approach sellers
• Networking with attorneys
• Why building from scratch can be preferable to rehabbing.
• Tying up the deals
• Tucker's approach to wholesaling
• Tucker's method to find and build houses
• The Portland real estate market
• “Driving for dollars”

Resources and Links Mentioned:

• http://www.zoho.com/
• TTMCash.com
• TTMDevelopmentCompany.com
• Facebook.com/TuckerMerrihew
• TTM's Facebook page

Memorable Quotes

“Don't cowboy it.  Plan it out and make sure you got the right team members involved to get in to that game … ”  ~ Tucker Merrihew

“If you're going to get in to the high end market make sure you make a really quality product and spend some money on design.” ~ Tucker Merrihew

“Find the house and partner with someone like me in your market, and learn it, learn how they do it, and then you can just rinse and repeat and do it yourself.” ~ Tucker Merrihew

“Momentum is the biggest key.  If you start doing something … just keep doing it.  Don't do just one and stop.   … Keep your momentum going and when you get a deal in … you can build on that momentum.  … Once it gets rolling just keep it going.” ~ Evan Younger

Click here to Read and Download the Transcript for Episode 6

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 06: Tucker Merrihew and his Portland House Flipping Machine appeared first on House Flipping HQ.

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