7 Figure Flipping

Bill Allen
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Feb 20, 2020 • 1h 23min

[322] Direct Mail HACKS for House Flippers & Wholesalers

Direct mail is getting harder.It’s getting more expensive.Response rates are lower.But it’s still our #1 source of motivated seller leads (by far).And when you do it right, it’s INCREDIBLY effective.Do it wrong, and you’ll waste a lot of money.So let’s talk about how to do it RIGHT…Justin Silverio is a real estate investor who flips, wholesales, and develops new houses and multi-unit properties in the Boston area.He also runs a mailhouse called Open Letter Marketing……where he sends out 750,000 letters and postcards per MONTH for investors all over the country.When it comes to direct mail, Justin knows what works (and what doesn’t).So I asked him to join me on the 7 Figure Flipping podcast to share his secrets.We’re digging into stuff like…One of his top performing mailers right now (it’s unusual)…How to use “list stacking” to get better leads…What filters to use (and NOT use) when buying lists…One “secret” list he’s getting from ListSource (I had never heard of this)…The “overlooked” properties he’s mailing to get $100k to $200k wholesale fees…When to send postcards versus letters (and when NOT to)…Tracking the results of your marketing campaigns……and a whole lot more.Listen in here!Links & ResourcesJustin is a member of the 7 Figure Altitude group. That means I get to pick his brain about direct mail strategies all the time. It’s guys like Justin (and our other members) who make this group awesome. If you want to tap into this kind of knowledge and surround yourself with other experienced investors who are serious about helping each other grow, let’s talk. Head over to 7FigureAltitude.com and apply to join the group. If it’s a good fit, let’s get you in before our next meeting in April! I recorded a 1-hour video on how to use ListSource to pull quality leads. If you want to check it out, you’ll find it in our free Facebook group, "7 Figure House Flipping & Wholesaling." I see so many real estate investors making mistakes when they pull their lists. Go join the group and watch the video now!Justin runs a mailhouse called Open Letter Marketing where he sends out 750,000 letters and postcards per MONTH for investors all over the country. If you want to learn more about his services, check out OpenLetterMarketing.com or reach out to Justin directly at justin@openlettermarketing.com.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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Feb 18, 2020 • 1h 31min

[321] $60,000 Wholesale Fee from a Facebook Post (Here’s How to Do It)

If you’re flipping or wholesaling houses, your job is to get in front of as many motivated sellers as you can.The problem is, these sellers are hard to find.Marketing is a major expense for real estate investors…And some of the “tried and true” marketing methods, like direct mail, are getting more and more expensive… while bringing in fewer results.So what’s the “next” big lead source?Stephanie Betters says it’s Facebook.And she’s got proof.Let me ask you this…What if you could get highly motivated sellers to contact YOU……while also building trust BEFORE you go on the appointment?(So much trust that the seller will give you a hug the moment you arrive?)And what if you could do this without making any phone calls or sending any mailers?Without buying lists or pissing off any unmotivated homeowners?What if it was as simple as opening a Facebook message?And what if you could collect $180,000 in wholesale fees per year JUST with this 1 method?Well, you can…Stephanie and her husband Zach are doing this right now.They average about 3 deals per quarter form Facebook.And some of those deals have been MASSIVE (including one $60,000 wholesale fee a couple months ago).I’m sitting down with Stephanie on the 7 Figure Flipping podcast today as she breaks down how she’s generating leads and building trust through Facebook……and why it’s the #1 overlooked marketing method for real estate investors.Let’s dive in!Links & ResourcesIf Facebook marketing is so great……why are so many real estate investors ignoring it?The answer is… many investors don’t know how to build real, authentic engagement with their followers.They don’t know what to post.They don’t know how to inspire conversations with their followers.It’s not enough to just post an inspirational quote once a week.To help solve this problem, Stephanie is giving away a few “cheat sheets” she uses to generate engaging content on her own Facebook page.You can literally fill in the blanks and use these same content ideas yourself.(And you KNOW this stuff works.)To grab a copy of Stephanie’s “cheat sheets,” head over to 7FigureFlipping.com/fbm.If you want to see what Stephanie is doing on her company's Facebook page, check it out at https://www.facebook.com/bettershomes/.And if you're a real estate investor and you're interested in having Stephanie manage your social media marketing, you can reach out to her at stephanie@choosebetterpath.com!Catch you on the flip side!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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Feb 13, 2020 • 1h 11min

[320] How to NEVER Run Out of Motivated Seller Leads (Use This 1 Lead Source)

The #1 thing house flippers and wholesalers struggle with is finding deals.If you want deals, you need motivated seller leads.Getting these leads isn’t easy.But what if I told you……you can tap into an endless supply of motivated leads by using 1 specific deal source that most investors are skipping?Well, it's true...Sharon Vornholt is the queen of probate leads.I’m starting a new podcast series focused on marketing strategies……so I asked Sharon to break down her probate strategies on today’s episode.We’re digging into stuff like…How she accidentally became a wholesaler…Why finding properties “off market” is easier…The #1 mistake most investors are making with their direct mail…How to never run out of motivated seller leads…How probate deals work and how to contact the sellers…How to get lists of probate leads and what to look for…The 4 pieces of information you need when doing probates…What questions to ask when you contact probate leads…What type of mail you should be sending to probate leads…What problems to watch out for during the probate process…The 1 “extra” clause she puts in her contracts (and why)……and more.If you’re brand new to real estate investing, probate leads are a great place to start.It takes time and careful research to stay on top of this resource… and as a result, many of the bigger investing companies (like mine) don’t focus on these leads.On the flip side, if you’re an experienced investor and you’re running a successful flipping or wholesaling company already, this may be one area you’re overlooking.So either way, this episode is a goldmine. Listen in now!Links & ResourcesSharon is giving a MASSIVE discount on her probate training course ONLY for our listeners and subscribers.She’s created a detailed program that walks you through exactly how to tap into this “endless” supply of motivated leads.So listen to the episode above……and then head over to ProbateInvestingSimplified.com and use the coupon code “Bill50” at checkout to get 50% off the price.(This discount is ONLY available for the next week or so… after that, it’s going away.)You can also learn more about Sharon at her website, LouisvilleGalsRealEstateBlog.com.Catch you on the flip side!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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Feb 11, 2020 • 47min

[319] How to Crush Your Doubts and Stop Feeling Like an Impostor (7 Figure Cruise Sneak Peek)

I just spent 7 days hanging out on a cruise ship with 100+ real estate investors.It was the first-ever 7 Figure Cruise……and it was awesome. A huge success.We had close to 200 people in our group (our members and their families).We spent about half the time enjoying the Caribbean……and the rest of the time masterminding and working on our businesses.We held a variety of sessions on topics like sales, marketing, hiring, KPIs, leadership, business systems, and more.And I want to give you an inside look at what went down.Toward the end of the cruise, I decided to hold one final session…I went up to the front of the room and stood at the whiteboard.And I asked our Altitude and Runway members, “What doubts do you have in your head right now?”We had just spent 6 days covering all this awesome material…But going home and actually implementing this stuff can be challenging.It’s overwhelming.It’s scary.And unfortunately, I know too many real estate investors who never apply what they learn because their own fears and self-doubt hold them back.I knew we had to address this before we got off the boat…So I asked our members to share what they were feeling in that moment.And as they spoke up, I started writing down a huge list of “doubts” on the whiteboard.Negative thoughts. Limiting beliefs. False assumptions.And we spent the next hour or so obliterating those mental obstacles.That final session turned out to be the most popular session of the cruise by far.So I want to share part of it with you.I want you to see what really happens at our events…But more than that, I want you to see that all of us, even the most experienced investors in the room, struggle with doubt sometimes.The question is, are you going to let it rule you? Are you going to let it stop you?Or are you going to crush it?Links & ResourcesWe’re definitely holding another cruise for our members next year.But we have a few more events lined up before that.If you’re an experienced house flipper or wholesaler…And you want to get in this room……our next mastermind meeting is happening in Atlanta in April.Let me know if you want me to save you a seat.Head over to 7FigureFlipping.com and apply to join the group.Let’s talk and see if it’s the right fit.I’d love to hear from you and find out what you’re struggling with in your business so we can help you crush it and reach your goals.Catch you on the flip side!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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Feb 8, 2020 • 56min

[318] 3 Things My 5-Year-Old Taught Me About Real Estate Investing

My 5-year-old son Will just learned how to ride a bike.He was scared at first.He would put one foot on just one pedal and push himself forward a few inches.That was all he wanted to do.Then he started getting the full “pedaling” motion down, but only for a few seconds.Then he started learning to balance.I was outside with him every afternoon practicing this stuff.We would do 15-minute practice sessions, then we’d hit the playground.And for a few days, that was all it was…Small, gradual progress.Then one morning, a week or so ago, he woke up and said “Daddy, I had a dream last night that I was riding my bike by myself.”I said, “If you think you can do it, you can do it.”He couldn’t wait to get outside with his bike.And that day, something awesome happened…He pedaled the full length of our driveway on his own.When he got to the fence, he jumped off and ran to me and said “Daddy, my dream came true!”It was an incredible moment.But what does any of this have to do with real estate investing?Glad you asked…I learned a few powerful lessons watching Will master his bike.And I want to share them with you…Links & ResourcesNo matter where you are in your real estate journey, there are some takeaways here for you.And speaking of takeaways…My team and I just put together a pretty awesome tool you can use to figure out what you need to work on next in your house flipping or wholesaling business.Head over to 7FigureFlipping.com/quiz to check it out!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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Feb 4, 2020 • 1h 14min

[317] The 17-Year Journey to “Overnight” Success in Real Estate Investing

Chad Lundell launched his real estate investing business a couple months ago.He got his first solid lead after just 3 days.Since then, he’s closed 4 deals.From the outside looking in, Chad might look like an overnight success.But there’s more to the story...To REALLY understand the journey Chad is on, we have to go back 17 years.Chad has faced more adversity than just about anyone I know. I’ll let him tell the whole story, but to give you an idea of what I mean…There was a point where he didn’t want to keep on living.There was a point where he was effectively homeless, with only the clothes on his back.And then, there was a point where he ended up sitting on an airplane next to a guy named Andy McFarland.Andy is one of the top wholesalers in the nation. He’s one of the founding leaders of 7 Figure Flipping. And in addition to his wholesaling operation, he also flips houses and holds a rental portfolio.Chad, it turns out, was living in one of Andy’s rentals at the time.And one year ago, in February 2019, they found themselves sitting side by side on a flight to Colorado. (Check out the photo for proof.)That moment changed everything for Chad…So I asked him to join me on the podcast today to share his story and talk about how he’s building his real estate investing business faster than just about anyone else I know.If you’re ready to see an incredible story of personal transformation……then this episode is for you.Oh, and remember how I said Chad was sitting next to Andy on a plane one year ago?The day of that flight was February 4th, 2019.Completely by accident, we’re releasing this podcast on February 4th, 2020, exactly one year later.Coincidence? Or something more? That’s for you to decide…Let’s dive in!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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Jan 30, 2020 • 58min

[316] Your Business is a Cash-Eating Monster (Here’s How to Fix It)

The reason so many investors stay broke even though they’re working hard……is because they don’t have a SYSTEM for managing their cash flow.I was in a pretty rough spot 2 years ago.(You’ve probably heard this story before…)I didn’t have any cash.My wholesaling / flipping business was growing like crazy…But my credit cards were maxed out and we could barely buy groceries.I know a LOT of investors who are in this same spot right now.I know how much it sucks.The way I fixed it was by plugging into a system called “Profit First.”This system is pretty simple.But it’s also counter-intuitive……and most business owners would never think to arrange their finances this way.(I know I didn’t.)It really WORKS, though…I’m not paying my company’s expenses out of my own pocket anymore, which is a great feeling.I want to share this system with you…And I figured, what better way to do that than to bring in the guy who came up with it?Mike Michalowicz is the creator of the “Profit First” system.He wrote the book on it (literally).He’s a serial entrepreneur and a best-selling author……and I asked him to join me on the podcast today to break down this one simple accounting structure that has saved my sanity, my marriage, and probably my entire business over the past year or so.(Seriously… I’m only slightly exaggerating.)Mike is an incredible, down-to-earth guy……and his insights are changing the way real estate investors scale their companies.So with that said, let’s dig into one of my favorite podcast episodes ever…!Links & ResourcesIf you're ready to start keeping more of your income and getting out of the cash flow crunch, grab a copy of the book “Profit First” on Amazon.Mike’s newest book is called “Fix This Next,” and it’s all about figuring out the #1 problem you need to solve right now to take your business to the next level. You can pre-order it on Amazon.And if you want to learn more about the Profit First system and Mike’s other work, head over to MikeMichalowicz.com!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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Jan 28, 2020 • 1h 16min

[315] Why Generosity is the Secret to Living a FULL Life as a Real Estate Investor

If you know me, you know real estate investing is my “thing.”It’s how I provide for my family.It’s the main subject of my podcast.It’s what I talk about in emails like this one.But today I want to share something very different.This isn’t going to be about real estate.(Not directly, at least.)I just finished up recording a new podcast episode……and the man I interviewed is not an investor.He’s a pastor.Curtis Zackery is a pastor at Church of the City, the church I attend with my family.I asked Curtis to join me on the podcast today to talk about what TRUE success looks like.It isn’t just money.It isn’t just the size of your business or the number of deals you’re doing.In the end, these things don’t bring lasting fulfillment.So Curtis and I are digging into some of the “deeper” questions of life…Why are you waking up and working hard every day?What’s the defining purpose that pulls you forward?And what should you do when that purpose starts to fade? When you start to feel burnt out?I know this type of message may not resonate with everyone.But regardless of your spiritual beliefs, I invite you to listen in……because if you want to live a life of purpose and meaning and wholeness, what we’re talking about today matters more than anything else.Let’s dive in!Links & ResourcesCurtis recently released a book called “Soul Rest” that goes much deeper into what we talked about today. If you’re ready to do the intentional work of building a sustainable, purposeful life, head over to SoulRestBook.com and get a copy!He’s also starting a ministry called “Find Rest” designed for people in the business world who are serious about achieving a sustainable, healthy spiritual order in their lives. Check it out at FindRest.org!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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Jan 23, 2020 • 53min

7FF 314: House Flippers & Wholesalers: How to Fix Cash Flow Problems (And Keep More Profit)

2 years ago, I was completely stressed out.On the surface, everything in my life was going great…My real estate investing business was growing.We had multiple deals under contract and in progress.I had moved my family into a nice new house.My net worth was higher than ever before.But under the surface, we had a big problem…I didn’t have any cash.If I wanted to buy groceries, I had to pay with a credit card……and pretty soon, those were maxed out.And yet I was running a “successful” wholesaling and flipping operation.So what was the problem?The problem was, I was stuck on the “cash flow roller coaster.”This is one of the biggest challenges you’ll face as you grow and scale your real estate investing business.And it’s the #1 reason why companies fail.2 years ago, I was at a major cash flow “low point.”And I got there because I made a few specific mistakes.But there IS a way to make cash flow a non-issue.So on today’s episode of the podcast, I’m going to share what I’ve learned……and show you how to protect yourself (and your business) from running out of cash like I did 2 years ago.Let’s dive in!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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Jan 21, 2020 • 1h 8min

7FF 313: Financial Habits From a Guy Who Just Flipped 128 Houses in 1 Year

Last year, Tanner and his cousin Travis flipped 128 houses.To those who know them, that number isn’t surprising… they’re both hard workers and they’ve been growing their business for a few years.But there was something different about last year.Last year, Tanner was able to take 6 weeks off to vacation with his family…He was “unplugged” for the entire month of July (and then some).And for Tanner, that was his goal all along.That’s what real estate investing is about……having the FREEDOM to spend time with loved ones.This freedom comes from the way Tanner runs his business, the way he manages his money, and the financial habits he’s learned throughout his life.So I asked him to join me on the podcast today to share his wisdom so YOU can tap into the same success habits that have helped him on his journey.In this episode, we’re digging into stuff like…The financial habits you need to achieve “freedom…”What most people get wrong about saving money…What entrepreneurs SHOULD be doing if they want to be free…What Tanner learned as a kid sitting at the dinner table…The #1 investment he puts his money into again and again…What he learned from Flip Hacking LIVE 4 years ago…The financial lesson he taught his 8-year-old son almost by mistake…What he’s doing with his self-directed IRA…The importance of having an owner’s equity account…What he saw when he walked through the door of his 1st flip (it was horrible)…The easiest way for a business to get into “hot water” financially…The 1 number that most entrepreneurs overlook and don’t track……and more.Let’s dive in!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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