The Flip Factor Podcast

In this episode I breakdown how "bad spending habits" are running your business into the ground! If you want to succeed in House Flipping, especially with the current market changes, you need to make the SHIFT to cost cutting and strategic spending.

If you're looking for smart ways to cut costs and increase profits, here's what we're talking about at this week's training:

• How to track your budget like a hawk so you can cut spending to the bone
• And my simple weekly routine for keeping my flips on budget

Michael "More Profits/Less Work" Green

P.S. Whenever you are ready...here are 3 more ways I can help you build a profitable flipping business:

1. Get my free Covid-19 House Flipping Action Plan
2. Learn how to hire contractors so you can finish flips fast and below budget without the headaches. It's all here on our FREE Cracking the Contractor Code Webinar
3. Want my personal help on how to increase your profits on every flip? Click here to schedule a free "Laser Coaching" call. Whether we end up working together or not, you'll walk away from this call with a step-by-step plan on how to build a profitable flipping business.

In this episode, I discuss the current state of the market with leading real estate experts Roger Blankenship, Steven Pesavento, and Dan Krynzel and what shifts they are making to thrive in this new market.

There's a LOT of misinformation going around about what's really happening in the market right now.

We share our unfiltered thoughts on how COVID-19 is affecting the real estate market NOW...

...And what to expect in the next few months.

This is what's really happening on the streets and not what some news sources might lead us to believe.

You will be shocked at some of the strategies that are shared on this panel.

It ain't all doom and gloom BUT there are some major shifts you will need to make if you want your business to thrive in this new market.

Michael "More Profits/Less Work" Green

P.S. - Whenever you are ready...here are 2 more ways I can help you build a profitable flipping business:

1. Learn how to hire contractors so you can finish flips fast and below budget without the headaches on our FREE Cracking the Contractor Code Webinar
2. Want my personal help on how to increase your profits on every flip? Click here to schedule a free "Laser Coaching" call.

Let's keep Cracking the Contractor Code.

Savvy house flippers are using my "trifecta" system to hack and optimize their layout of their flips.

And you can also use it to start multiplying your profits today!

And trust me it's not what you think.

In this week's episode of The Flip Factor Podcast, we talk about my top Design hacks for layout that will give your flip an EDGE over your competition and bring you more profits.

Here's what you will learn:

• How to create a design that will make your house stand out?
• Should you invest time and money into design?
• I'll breakdown the "trifecta" of laying out a flip that sell fast
• How to redesign obsolete layouts and turn them into beautiful flowing goldmines

And finally, I'll show you how being knowledgeable and skilled in design layout can help you reach your goals and become financially independent while loving every minute..

-Michael "More Profits/Less Work" Green

Dig this episode? Wait until you hear these… Episode 41 - How to Stop Going Over budget by Firing Your GC... Episode 7 - Estimating Repairs for Flips... Episode 18 - The Secret to Developing Real, Authentic Confidence...

Whenever you are ready...here are 2 more ways I can help you build a profitable flipping business:

1. Learn how to hire contractors so you can finish flips fast and below budget without the headaches on our FREE Cracking the Contractor Code Webinar

2. Want my personal help on how to increase your profits on every flip? Click here to schedule a free "Laser Coaching" call. Whether we end up working together or not, you'll walk away from this call with a step-by-step plan on how to build a profitable flipping business.

I know you're thinking flipping and renovations are easy from the hundreds of hours you've invested watching reality shows.

In this week's episode, invest A FEW minutes of your time and listen as I share with you my personal lessons in Construction...

...and what the timeline of each project in a house flip should be, based on my years of experience and thousands of flips complete.

We're going to talk about:

• How to use standardize pricing to speed up you flips

• How long should each project should take

• How many people should work on each project to finish quick and under budget

• How to communicate with a Contractor to motivate so they work hard and keep deadlines

• How to avoid the overall inefficiencies that will slow your flip down big time

In this episode, I walk you through how to know when your flip is 100% ready to be put on the market so you can beat your competition.

Personally, I get more hyped up at the beginning of a flip. I get so excited when I find a "turd" house that I know I'm going to transform into a masterpiece and get rewarded with money for my efforts.

Then I fizzle out when I'm close to the end, because I just want to sell the house and move on to the next one.

This is a big mistake that has cost me millions of dollars over the 11 years I have been flipping.

The end of the flip is when most flippers get lazy and that's what makes it an opportunity to multiply profits.

That's why in this week's episode on the Flip Factor Podcast, I talk with Delante Desouza about the Final Inspection Checklist I use to make my flips stand out and sell for top dollar.

I'll discuss what your mindset should be going into the final walkthrough of the house.

More importantly, I share what the buyer is thinking based on over 1000+ of flips I've completed throughout my career.

With these tools and systems, you can deliver what the buyers' are expecting, and in return, make more profits than most of your house flipping competitors.

I'll talk about:

• How to do a simple inspection that will ensure your house is in the high profit ozone.

• What corners contractors cut and how to fix them

• Major defects that scare off buyers and cause your property to sit on the market

Learn how to power-up your profits by power shopping fast and smart. In construction, there are timelines we need to follow to finish the project quickly and efficiently. Purchasing construction materials need to be systematic and organized. And sometimes when in a rush, we buy the most readily available materials and forget that a quick search on the internet or a quick phone call to a supplier. Taking a minute to do can save us thousands of dollars on each flip!

In this week's episode, I talk to my partner-in-savings Delante Desouza on how to power shop for profits.

We will discuss:

• Which products do you spend time power shopping?

• Cheap VS Frugal

• Maximizing the internet & phone

I have had my share of struggles with a General Contractor (GC) calling all the shots which turns out more often than not… BAD for me. So today we're going to talk about:

• Why you need to order your own materials versus depending on your GC

• How to order materials effectively in a timely manner

• Why you need my Standardized Price Matrix

• To buy in bulk or NOT to buy in bulk

• Power shopping VS Veteran Vendors

In this week's episode, I continue talking with Delante Desouza about Contractors.

We discuss the step-by-step process on HOW TO pay your Contractor, so you don't get ripped off.

This is a process I use everyday in my business and is based on 10+ years of flipping experience.

I'll also share personal experiences, payment strategies and troubleshooting solutions with your Contractor.

While you can't predict every problem that may arise in your Flip it's important to be prepared and avoid getting blindsided by contractor problems.

You can lose time and worse… money... if you don't have a system in place to navigate the minefields.

In this week's episode, I talk with Delante Desouza about how to manage and stack contractors to meet your deadline

We'll go over:

How to "stack" multiple contractors to finish fast and below budget

How to "Pre-screen" your contractor to know if they will finish on time

How to communicate with your contractor effectively

This week's episode takes me back to a dark time… Back when I was just starting out in the house flipping business and was dealing with headache Contractors who don't deliver.

Don't miss this important topic in our Contractor series where we discuss:

• Tell-tale signs of an Ineffective Contractor

• Changing that mindset of settling for a "good enough" Contractor

• How to FIRE your Contractor before they suck your profits dry.