7 Figure Flipping

Bill Allen
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Apr 25, 2020 • 1h 18min

[342] How Coronavirus is CHANGING Hard Money Lending (And How to Fund Your Deals)

In this episode, Bill Allen is chatting with LendingHome Director of Strategic Accounts, Ray Williamson, to break down what house flippers and real estate investors need to know as the economy reacts to the coronavirus pandemic... and how to get the funds you need to close MORE deals as the changing market opens new opportunities.Ray helped build LendingHome from a 50 person outfit to the largest fix-and-flip lender in the industry. He now works with new and experienced house flippers, coaching them on how to use institutional money to scale their businesses. Many clients inside the 7 Figure Flipping mastermind groups use LendingHome to fund their deals.In this interview, you’ll hear Ray take questions from investors of all levels of experience, live on the call, and give his current “state of the union” update from the lending space. You can learn more at LendingHome.com.Enjoy the podcast? Subscribe and leave us a review!To hear all episodes of the podcast, visit https://7figureflipping.com/podcast. Hosted on Acast. See acast.com/privacy for more information.
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Apr 23, 2020 • 1h 4min

[341] Essential Traits: Willing to Fail

Every entrepreneurial leap begins with taking a risk. In business, big rewards almost never come without big risks. That’s why best selling author Geno Wickman has identified “risk taker” as one of the six essential traits EVERY entrepreneur must have.Real estate investor Mike Simmons has been taking risks his entire professional life. Mike was the first member of the 7 Figure Flipping mastermind group to reach a 7 figure gross profit in his business in 1 year.If you’ve been to Flip Hacking LIVE or any of the 7 Figure Flipping mastermind meetings, you know Mike is one of the people that makes the 7FF community special. He is one of the leaders in our mentoring programs, as well as the Director of Fulfillment for the entire organization. Mike continues to flip and wholesale 10 to 15 properties per month in and around his home state of Michigan.Want to hear more from Mike? Join him and the rest of the 7FF team at Flip Hacking LIVE, the #1 live event for impact-driven house flippers and wholesalers October 15-17, 2020, in Orlando, Florida.Enjoy the podcast? Subscribe and leave us a review!To hear all episodes of the podcast, visit https://7figureflipping.com/podcast. Hosted on Acast. See acast.com/privacy for more information.
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Apr 21, 2020 • 1h 2min

[340] Essential Traits: The Fire Inside

Are entrepreneurs born with the drive for success, or is it a product of their experience? How do driven business owners avoid the pitfalls of ego and self-reliance? What can entrepreneurs do to harness their internal drive and maximize their potential? In this episode of the podcast Bill Allen sits down with real estate entrepreneur Jeremiah Johnson to discuss what separates a driven entrepreneur from the average person. In his book Entrepreneurial Leap, Gino Wickman identifies six traits entrepreneurs must possess in order to succeed. Being driven is one of these traits… and it’s a word that could be used to describe Jeremiah for most of his life.Jeremiah turned a career in medical sales into a full time real estate investing business, doing $1,000,000 in sales and over 100 transactions in his first year (and nearly doubling that in year two).Want to hear more from Jeremiah? Join her and the rest of the 7FF team at Flip Hacking Live, the #1 live event for impact-driven house flippers and wholesalers October 15-17, 2020, in Orlando, Florida. Enjoy the podcast? Subscribe and leave us a review!To hear all episodes of the podcast, visit https://7figureflipping.com/podcast. Hosted on Acast. See acast.com/privacy for more information.
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Apr 16, 2020 • 44min

[339] Closing Deals Over the Phone

Can’t meet with sellers because of coronavirus? Here’s how to get contracts signed over the phone.This works… we’re locking up contracts right now without meeting sellers in person.A lot of real estate investors are waiting on the sidelines… but the guys and gals who’ve figured out how to do this are crushing it.I asked my acquisitions manager Chad King to break down how you can do this. He’s digging into stuff like…What you need to do DIFFERENTLY when closing over the phone...How to build REAL rapport when you’re not face-to-face...How to make offers (what to say and NOT say)...What you need to do NEXT after your offer gets accepted…How to handle getting contracts and other documents signed......and more.You may recognize Chad King from Flip Hacking LIVE 2019. Chad is Bill’s Sales Manager at Blackjack Real Estate and handles all sales training for the company. He is also a sales coach for 7 Figure Runway and 7 Figure Altitude members.Want to hear more from Chad? Join him and the rest of the 7FF team at Flip Hacking LIVE, the #1 live event for impact-driven house flippers and wholesalers October 15-17, 2020, in Orlando, Florida!Enjoy the podcast? Subscribe and leave us a review!To hear all episodes of the podcast, visit https://7figureflipping.com/podcast. Hosted on Acast. See acast.com/privacy for more information.
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Apr 14, 2020 • 51min

[338] Essential Traits: A Look Inside the Mind of a Problem Solver

In this episode, Bill Allen sits down with good friend and real estate entrepreneur, Beka Shea, to go deeper down the path of the entrepreneurial journey. In his book Entrepreneurial Leap, Gino Wickman identifies six traits entrepreneurs must possess in order to succeed. One of these six essential qualities is problem solving - something Beka Shea is uniquely good at (listen to the episode to find out why).Beka was one of 7 Figure Flipping's earliest success stories. Today, she's a member of the 7 Figure Flipping board of directors and serves as Director of Membership for our mastermind groups and mentoring programs. As an eternal optimist, Beka sees solutions to every problem. Hearing her outlook on life and business will energize your passion for solving whatever problems you may be facing in your own real estate investing operation.Want to hear more from Beka? Join her and the rest of the 7FF team at Flip Hacking Live, the #1 live event for impact-driven house flippers and wholesalers October 15-17, 2020, in Orlando, Florida. Enjoy the podcast? Subscribe and leave us a review!To hear all episodes of the podcast, visit https://7figureflipping.com/podcast. Hosted on Acast. See acast.com/privacy for more information.
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Apr 9, 2020 • 53min

[337] PPP / EIDL / Employee Retention Credit - Update for 4/8/2020 with CPA, Chris Picciurro

Bill Allen sits down with his personal CPA, Chris Picciurro, to get the essential updates out to everyone preparing to file their PPP applications Friday, 4/10/2020, as independent contractors, sole proprietors, or self employed. Chris provides timely answers and information regarding EIDL updates, and new SBA guidelines as of 4/8/20.  Find out more about Chris here:http://realestatecpa.guru/Watch his videos here:https://www.loom.com/share/folder/6375e07a866942f4a93f8a2b43f41584...Check out https://7figureflipping.com/ for more resources too!Enjoy the podcast? Subscribe and leave us a review! Hosted on Acast. See acast.com/privacy for more information.
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Apr 8, 2020 • 1h 4min

[336] Essential Traits: Surviving Tough Times with Passion

In this episode, Bill Allen talks with real estate entrepreneur, Andy McFarland, to discuss one of the “six essential traits” Gino Wickman says every entrepreneur must have: passion. Gino’s book, Entrepreneurial Leap, identifies passion as one of the absolute essentials to success as an entrepreneur, and very few people in the real estate world exemplify passion like Andy McFarland. Andy is a wholesaler, a retail flipper, a landlord, and the founder and CEO of Enlight Homebuyers. Andy has been a mentor to Bill and an inspirational leader to many.You can find Andy on Twitter @AndyMcFarland, and learn more about his business at https://enlighthomebuyers.com/. Enjoy the podcast? Subscribe and leave us a review!To hear all episodes of the podcast, visit https://7figureflipping.com/podcast. Hosted on Acast. See acast.com/privacy for more information.
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Apr 2, 2020 • 45min

[335] The CARES Act Explained: What House Flippers & Wholesalers Need to Know (Coronavirus Relief)

So what’s going on with the CARES Act?And what does it mean for real estate investors?In case you haven’t heard, the US government just rolled out a “coronavirus relief bill” containing some financial programs for small business owners.There are some BIG benefits in here.But this whole thing can be a little confusing.There isn’t a lot of info available yet.So I asked my friend John Hyre to join me on the podcast today to break down what house flippers and wholesalers NEED TO KNOW about this stimulus package.John is a tax attorney and an accountant.And he’s the guy I turn to for complex financial stuff like this.If you want to know how to tap into the provisions of this bill and keep your business running strong over the coming months, listen in now!Links & ResourcesThere are a lot of changes happening in the real estate investing world right now. The CARES Act is just one part of this shifting landscape. I’m holding a live call tonight where I’m going to break down some of the other changes I’m seeing and what I’m doing differently in my business in response.It’s happening at 5:30 PM Pacific Time / 8:30 PM Eastern Time tonight. We’re limited in how many people we can have on this call… and spots are filling up. If you haven’t signed up yet, click the link below…CLICK HERE to Get a Spot on Tonight’s Live Call >>John Hyre held a webinar the other day where he went into extreme detail on the topics we covered in this episode. I actually bought this webinar for ALL of our 7 Figure Runway and 7 Figure Altitude members, because I believe it’s THAT important. (And because this is the kind of thing we do for our members.) If you’re a serious real estate investor, you need to see this. It’s well worth the cost. To watch it, click here: https://www.taxreductionlawyer.com/Covid19-Webinar.Like what you hear? Subscribe!If you've found any value or helpful information in the 7 Figure Flipping Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while you're at it, leave us a rating and a review so other investors who want to ramp up their own house flipping / wholesaling businesses can find us and get in on the good stuff! Hosted on Acast. See acast.com/privacy for more information.
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Mar 31, 2020 • 6min

[334] How I’m Preparing My Business for What’s Coming (Live Call on Thursday)

I’m making some changes to my business right now.We’re still flipping and wholesaling just as many houses as before.But we’re doing some things differently.And I’m holding a live call on Thursday where I’m going to walk you through EXACTLY what’s changing (and what you need to know) as the market shifts.I’m not going to try to predict the future.But there are some things we can ALL do right now to stay strong.I’ve never held a live call like this before, but I want to give us a chance to come together as a community.Zoom only gives us a limited number of spots for this call…So hit the link below to sign up.Live Call: 7 Figure Flipping Tactics for Today’s REI BusinessAccess Link: 7FigureFlipping.com/RememberDATE: Thursday, April 2TIME: 5:30 PM Pacific Time / 8:30 PM Eastern TimeThere are a lot of GOOD things happening right now.And there’s a lot of uncertainty too.The important thing is to NOT back away from what’s happening in the world.Instead, let’s talk about it and look ahead and be prepared.I’m going to talk about the changes I’m making in my business…I’m going to share some of the things our 7 Figure Flipping members are doing…I’m going to answers questions from our public Facebook group…So if you’re involved in the real estate world in ANY way, I want to put this invitation out to you.We’re all in this together.Let’s learn together and grow together.Here’s the link again for the call…CLICK HERE to Get a Spot on Thursday’s Live Call >>Talk to you soon.Like what you hear? Subscribe!If you've found any value or helpful information in the 7 Figure Flipping Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while you're at it, leave us a rating and a review so other investors who want to ramp up their own house flipping / wholesaling businesses can find us and get in on the good stuff! Hosted on Acast. See acast.com/privacy for more information.
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Mar 27, 2020 • 1h 9min

[333] Awaken a Sleeping Giant: Our Response to the Uncertainty

With all the uncertainty in the world, what’s going to happen to real estate investing? Today I’m joined by the legendary Bruce Norris, an expert on real estate economics, who’s sharing his thoughts and insights on what the future could hold… listen in!Links & ResourcesReady to accelerate your house flipping or wholesaling business? Get your ticket to Flip Hacking LIVE, the #1 live event for impact-driven real estate investors who want to tap into the strategies that are working RIGHT NOW in today’s market. Register at FlipHackingLIVE.com!Already running a successful real estate investing business and want to reach the NEXT level? 7 Figure Altitude is a mastermind group for experienced house flippers and wholesalers who want to get out of the day-to-day grind so their businesses can grow BEYOND them.This group is where you’ll level up your relationships. It’s where you’ll connect with other serious investors. It’s where you’ll learn how to systematize and scale your business while working less.If you’re ready to surround yourself with other high-level investors, head over to 7FigureAltitude.com and apply to join.Like what you hear? Subscribe!If you've found any value or helpful information in the 7 Figure Flipping Podcast, we’d love to hear about it! Head over to iTunes to subscribe, and while you're at it, leave us a rating and a review so other investors who want to ramp up their own house flipping / wholesaling businesses can find us and get in on the good stuff! Hosted on Acast. See acast.com/privacy for more information.

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