Shawn Allen joins Carmen and Jordan on today’s show to talk about flipping properties on a large scale. Shawn shares the story about how he got involved in this business, as well as details about his strategies, the criteria he uses, the biggest challenge he finds, and the profits and losses he has experienced. Together, he and our hosts run through a case study of one of his properties, and Shawn concludes the episode with some advice for those looking to follow his example. Given the vast amount of success he has enjoyed in his business, you will want to make sure you catch every moment of this informative and inspirational conversation.

Episode Highlights:

• Shawn’s background and what he does for a living
• How he got started in real estate and flipping houses
• The story of his first property flip and how his strategy has since changed
• Shawn’s criteria for selecting properties
• The biggest challenge for Shawn now
• How he finds property deals
• His average profit on a flip
• Losing money
• A case study of one of Shawn’s properties
• The mindset necessary for flipping houses
• Shawn’s advice for those looking to get involved in flipping houses

Quotes:

“You did your first flip about 11 years ago, and now you’re up to doing about 30 flips a year.”

“I was…searching for something that would give me wealth, and would give me sort of generational wealth.”

“You can’t do this anymore without private money.”

“For me right now, it’s just all about the numbers.”

“It’s all about learning the industry…you learn by your mistakes.”

“We buy, usually, distressed properties…we’re usually solving someone’s problem.”

“A lot of times it’s sold before we even finish.”

“Stop the analysis paralysis and take an action step.”

“Don’t be afraid to use private money. Don’t be afraid to find alternative methods of financing your deals.”

“That’s exactly what we can help you with.”

Links:

30 Minutes to Wealth homepage: https://www.30minutestowealth.com/

Pro Funds Mortgages homepage: https://www.profunds.ca/