Real Estate Rookie

63: Diverging From Corporate Life to Flip Houses Full-Time with Sean and Ann Wayne

03.24.2021 - By BiggerPocketsPlay

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It’s hard to leave a comfortable job, especially when you’re working with family. What happens if you can’t make your entrepreneurial dreams work, what if you need health insurance, what about your bills? This is the predicament that Sean and Ann Wayne were in, only a couple short years ago. Thankfully, they made the jump, and now they’re flipping more than ever!

Sean and Ann left college with around $93,000 in debt, but were able to pay it off quickly due to their thrifty lifestyle and saver skills. After they had paid off their debt, they wondered where they could put their leftover money into. Sean stumbled upon BiggerPockets and knew that something within the realm of real estate was the best option.

Luck would have it that Sean and Ann’s landlord at the time was a flipper and a real estate agent. After some discussions, their landlord decided to mentor them through their first flip. If you’ve listened to this podcast long enough, you know what’s coming next. They were hooked! Sean knew he had to leave his corporate job to pursue flipping, even if it meant less stability.

Now this dynamic flipping duo has done 12 deals. Sean focuses on the rehab and Ann focuses on design. If you’ve wondered about what the best ways to paint and design your flip are, Ann drops some knowledge on what is worth risking, and what isn’t. Together, they’re an unstoppable team, and will definitely be on the Real Estate Podcast soon enough!

In This Episode We Cover

Why you should tell EVERYONE what you do and what you’re interested in

How to talk to a mentor to convince them that you can provide benefit to them

Tackling both the mental and financial barriers to leaving a corporate job

Funding deals with hard money and private money

Splitting up your roles as a team, whether you’re business partners or partners in life

Resources for finding the best designs for your flip

Keeping your partner “in the know” so your flips runs smoothly

Fighting imposter syndrome as an intermediate real estate investor

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Real Estate Podcast

Brandon Turner

Pinterest

Lowe's

Home Depot

Target

Overstock

Wayfair

Christian Healthcare Ministries

BiggerPockets Money Podcast 94: 18 Options for Healthcare in Early Retirement with Lynn Frair

Financial Peace University

Google Drive

Check the full show notes here: http://biggerpockets.com/rookie63

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