302: Making $100k/Deal Using Other People's Money, Time & Experience with Cory Nemoto
11.01.2018 - By BiggerPockets Real Estate Podcast
Ever had an interest in house flipping but felt you needed help getting started? Today’s show covers that exact topic!
Cory Nemoto is an extremely humble but successful house flipper in Hawaii who is CRUSHING the game. On today’s show, Cory shares his personal strategies for keeping his pipeline full of great deals, what techniques he uses to make a minimum of $100k on each deal, how he partners with new investors to make everyone money, and his brilliant tips for building relationships with those most likely to build his business. You do not want to miss Cory’s unique strategy for using “debt-quity” to get deals brought to him before anyone else!
Cory has been so successful flipping houses in Hawaii that he’s moved his system to Seattle, where he’s crushing it there too—all using very simple methods built on relationships and creating win-win scenarios. If you’re looking for a can’t-miss way to build a profitable house flipping business, listen to this one!
In This Episode We Cover:The two reasons you should NOT get into real estate investingFiguring out your big “why”Cory’s unique strategy for getting started What exactly “debt-quity” isHow he makes a MINIMUM of $100k on each flipThe networking strategy Cory uses to keep his pipeline fullWhere he finds hungry, ambitious, and like-minded people to partner with and his brilliant strategy to connect with themAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarsBiggerPockets EventsBiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl YarberBooks Mentioned in this ShowRich Dad Poor Dad by Robert KiyosakiThe Book on Flipping Houses by J. ScottThe Go-Giver by Bob Burg & John David MannFire Round QuestionsIn your own experience, how or what have you done to find deals off-market?How are you finding your deals?Would it be better to buy higher end properties in good locations maybe?I am considering to invest a property either in Silicone Valley or Seattle area. What do you guys think?Anyone ever hold a “contractor” open house (so to speak)?How to source trustworthy contractors and inspectors?Tweetable Topics:“Even if the profit is small, it doesn’t mean it’s not a good deal.” (Tweet This!)“Every deal is different.” (Tweet This!)“If you’re in it for the money and the image, then you’re not going to make it.” (Tweet This!)Connect with CoryCory’s BiggerPockets ProfileCory’s WebsiteCory’s InstagramCory’s Facebook Profile