July 23, 2018

EP224: Haim Mamane Talks about Pivoting from Virtual Wholesaling to High-End Flips (and Gaining More Happiness & Fulfillment In The Process)

43 minutes

This is Haim Mamane’s second appearance on the show and a lot has changed since then! Last we heard from Haim he was in Memphis running a team of seven people and closing roughly five to six deals a month. However, about a year or so ago, Haim realized that none of that made him happy and it was time for a shift in business model, perspectives, and even markets! Find out what he’s up to today and how he’s ‘cut the fat’ on everything that made him unhappy.

Key Takeaways:

Haim was always giving info out for free and helping others when Alex and he first connected.
Who is Haim and what does he do?
After growing the business and having a team of seven people, Haim realized he hated it.
Haim decided to change his business model and go for low volume/high spread deals. That way he can make much more money with fewer deals and have a smaller team to manage.
Haim didn’t want to be a slave to his business.
When did Haim decide to make this shift?
What was the San Francisco market like as compared to Memphis?
Haim shares a quick story of one of his first sellers in SF.
Now, if it makes sense to rehab it, Haim will just rehab it. He wasn’t doing that before in Memphis.
Haim has done two rehabs this year and one wholesale.
What does Haim’s team look like today?
Haim now focuses on the parts of the business that fulfill him and has ‘cut the fat’ on everything else.
What kind of things has Haim been investing in to generate cash flow?
Remember, pay yourself first.

Mentioned in This Episode:

“Episode 32: How To Wholesale for 6 & 7 Figure Deals (High-End Wholesaling),” with Jason Buzi

“Episode 48: Branching Out Into Different Real Estate Markets Across State,” with Haim Mamane
Connect with Haim on Facebook

Book Recommendations:

The Four Spiritual Laws of Prosperity: A Simple Guide to Unlimited Abundance, by Edwene Gaines

The Blessed Life: The Simple Secret of Achieving Guaranteed Financial Results, by Robert Morris

The Richest Man in Babylon, by George S. Clason

Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine, by Mike Michalowicz

Tweetables:

“I found myself working too hard, not being happy, and dealing with the drama of team members.”

“I built this business to allow me to travel and support my lifestyle. I don’t want to be a slave to my business.”

“I always shoot for 6-figures or to at least make 10% of the ARV in profit.”

Ask Alex A Question:

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By Alex Pardo

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