Listen to This Episode (Audio Version for Podcast)

You don’t have to be doing 100+ deals a year to make a solid income flipping houses.  In fact, you don’t even have to be flipping full-time…

Terry is a House Flipping Formula member who’s only been flipping for about 18 months… and last year, he did 5 deals and kept a nice profit of $153,502, without quitting his “day job.”

Not bad, right?!  

This year, he’s aiming to make $900,000… no, I’m not kidding!  Listen in on this interview for the whole story…

Episode 123: Show Notes

A few takeaways from today’s episode.

• Terry’s background in real estate… and how he got started…
• What happened when the recession hit…
• Terry’s desire to find a “better way” to make money in real estate…
• Terry’s “lightbulb moment” when he realized how he could start investing…
• What happened with the first lead Terry got when he started his flipping business…
• How Terry made $46,000 on his first “real” flip…
• How Terry didn’t let “the paperwork” hold him back…
• How Terry did 11 deals in 18 months since joining House Flipping Formula…
• The numbers of some of Terry’s deals…
• How Terry is able to manage his investing business and his real estate brokerage simultaneously…
• Why Terry is focusing on flipping… and how he includes his family in his business…
• How Terry has been able to bless people and help others as a result of his flipping business…

Links and Resources

• Terry recommends Michael Gerber’s book The E-Myth, which he says has helped him create a business rather than just a job for himself.
• The doors to House Flipping Formula are officially open!  Andy and I are taking on new students… and if you want to get your house flipping or wholesaling business off the ground (or take it to the next level), we’d love to help you make it happen!  Head over to HouseFlippingFormula.com to learn more and sign up!
• Tonight (February 18), Andy and I are hosting a free live webinar all about wholesaling and how Andy went from 0 to 160 deals a year!  Click here to reserve your spot on the call!

Like what you hear? Subscribe!

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 123: How Terry Made $153,502 Profit from Just 5 Deals in 2015 appeared first on House Flipping HQ.

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