7 Figure Flipping

Bill Allen
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Mar 18, 2015 • 59min

HFHQ 72: Interview with Ken Corsini: 100 Deals a Year

Today I interview Ken Corsini, a real estate investor and entrepreneur currently doing 100 flips, wholesales, and turnkey investment deals a year by leveraging the power of systems. Learn how Ken buys houses, how he funds them all with 95% private financing, and get the inside scoop on his fully systemized operation. We also go into detail on each of the members of his 10-person team and their roles and responsibilities, giving you a glimpse into the inner workings of a high-volume real estate machine. You don't want to miss this!Have any questions? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes.  And while you’re there, why not leave us a review and five-star rating?Show NotesWhat’s covered in today’s podcast?  Here are a few main points.A breakdown of Ken’s team, who help him do over 100 transactions a year.Understanding how a “turn-key” operation works.How Ken buys houses.How Ken funds houses.How having a systematized business helped Ken make it through one of the most difficult challenges of his life last year.Plus, an introduction to Ken's brand new podcast, Deal Farm!Links and ResourcesCheck out Ken's new podcast, Deal Farm, which just launched this month!  Visit DealFarm.net.Near the beginning of the episode, I mention a video conferencing tool called Zoom, which we're using for meetings and webinars.  It's awesome!  You can check it out at Zoom.us.And don't forget to sign up for my upcoming seminar, which is all about building a systematized house flipping business.  Click here!Like what you hear?If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff.  Click here to leave a review and rating! If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them.The post HFHQ 72: Interview with Ken Corsini: 100 Deals a Year appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.
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Mar 11, 2015 • 38min

HFHQ 71: Interview with Mike Hambright of FlipNerd

Today, I interview Mike Hambright of FlipNerd, who has done hundreds of real estate deals and educates thousands of investors at FlipNerd.com.  Mike shares his story and insights gained from years working in this field.  In other words, he has a ton of great stuff to share!  Check it out!Have any questions? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes.  And while you’re there, why not leave us a review and five-star rating?Show NotesWhat’s covered in today’s podcast?  Here are a few main points.We've had another amazing week of house buying success!  My acquisitions manager, Kale, put 5 houses under contract himself this week.  Super proud of him!Our next seminar, schedueld for May 9th, is coming together!  You can still get in at the early bird rate, which is a full $300 off the standard price.  Click here for more info.I've gotten a lot of great feedback from people who are interested in being part of a more advanced mastermind group.  I talked about this more in last week's podcast and newsletter.  If you're already active and doing deals and you want to build a high 6-figure or 7-figure per year business, send me an email at justin@houseflippinghq.com and tell me a little about yourself.  We'll be putting together an application process for this program soon, so stay tuned.Awesome insights from house flipping expert Mike Hambright in today's interview!Links and ResourcesCheck out everything Mike Hambright is up to at FlipNerd.com!Don't forget, you can get more info about our upcoming seminar by clicking here!Like what you hear?If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff.  Click here to leave a review and rating! If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them.The post HFHQ 71: Interview with Mike Hambright of FlipNerd appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.
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Mar 4, 2015 • 44min

HFHQ 70: Coaching Call with Justin Williams and Andy McFarland: Part 3

I just got back from an incredible mastermind event, and my mind is completely blown—in a good way!  We set a new record and put 12 houses under contract this past week.  I'm pumped!    There's a ton of exciting stuff on the horizon right now, including our upcoming seminar on May 9th in southern California, which you can now sign up for at the early bird rate.  Check it out!In the meantime, Part 3 of our first coaching call is live and ready for listening!  In today's episode, we close out our 3-part coaching call series, and I share some feedback from the mastermind event I just got back from.Have any questions? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes.  And while you’re there, why not leave us a review and five-star rating?Show NotesWhat’s covered in today’s podcast?  Here are a few main points.What marketing methods work best for wholesalers in today's market?How to consider basement square footage when determining the ARV for a house.How should you, as a business owner, allocate the funds when you close a deal and get paid?  How much should you reinvest into your business?Tracking mailers by using custom phone numbers.The power of building systems and “taking yourself out of the equation.”Make house flipping your game.  It's your life to live and your game to play!Links and ResourcesThis coaching call was for members of House Flipping Formula. Check it out! You can get on the waiting list to be notified when we start taking signups again by emailing info@houseflippinghq.com.Get more info about our upcoming seminar by clicking here.Like what you hear?If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff.  Click here to leave a review and rating! If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them.The post HFHQ 70: Coaching Call with Justin Williams and Andy McFarland: Part 3 appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.
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Feb 26, 2015 • 35min

HFHQ 69: Coaching Call with Justin Williams and Andy McFarland: Part 2

Welcome back for part 2 of the first coaching call we recorded with members of the House Flipping Formula program!  Andy and I are doing calls like this with members every week, and it has been an amazing experience.  We're getting tons of great questions and having a lot of fun helping people tackle the specific challenges they're facing.    Today's podcast is Part 2 of our first coaching call.  Listen in and enjoy!Part 3 of the call will be coming out next week.  Also, we're currently finalizing plans for our next seminar, which will be happening May 9 in southern California.  Click here to learn more and sign up at the early bird rate!Have any questions? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes.  And while you’re there, why not leave us a review and five-star rating?Show NotesWhat’s covered in today’s podcast?  Here are a few main points.Is wholesaling a “fad?” Will wholesaling disappear when the real estate market adjusts?The value of being part of an active community in order to gauge what’s happening in the marketplace.What’s the first thing you should do as a new investor?Why it’s important to spend your time rather than your money when you’re first starting out in this business.Approach your marketing with an eye toward ROI and proving a model that you can repeat and scale.How to adjust your offer to beat out higher bidders when buying a house.Links and ResourcesThis coaching call was for members of House Flipping Formula. Check it out! You can get on the waiting list to be notified when we start taking signups again by emailing info@houseflippinghq.com.Get more info about our upcoming seminar by clicking here.Like what you hear?If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff.  Click here to leave a review and rating! If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them.The post HFHQ 69: Coaching Call with Justin Williams and Andy McFarland: Part 2 appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.
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Feb 20, 2015 • 31min

HFHQ 68: Coaching Call with Justin Williams and Andy McFarland: Part 1

The House Flipping Formula coaching program is officially underway, and Andy and I are doing live coaching calls with members every week!  Today's podcast is Part 1 of our first coaching call, where we get into the fundamentals of deal analysis and answer members' questions.The full coaching call ended up being about an hour and a half long, so look for Part 2 and Part 3 of the call coming up soon!  Also, stay tuned for more info about our upcoming seminar happening May 9 in southern California.  The details aren't finalized yet, as it's still a couple months out, but click here to learn more and sign up at the early bird rate!Have any questions? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes.  And while you’re there, why not leave us a review and five-star rating?Show NotesWhat’s covered in today’s podcast?  Here are a few main points.In this first part of the call, we discuss how to get your numbers right for a deal and start getting into direct mail marketing best practices.Incorporating the cost of capital into deal analysis.The difference between how Andy and I evaluate deals to determine max offer and respected return.Never assume that your direct mail house has actually sent out your mailers—always check.Make sure to test and refine your direct mail messaging.Links and ResourcesThis coaching call was for members of House Flipping Formula. Check it out! You can get on the waiting list to be notified when we start taking signups again by emailing info@houseflippinghq.com.Get more info about our upcoming seminar by clicking here.Like what you hear?If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff.  Click here to leave a review and rating! If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them.The post HFHQ 68: Coaching Call with Justin Williams and Andy McFarland: Part 1 appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.
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Feb 12, 2015 • 28min

HFHQ 67: Wholesaling, Flipping, and Developing Properties in a Highly Competitive Market: Interview with Justin Colby

Today, I interview Justin Colby, a professional house flipper, wholesaler, and real estate developer who started out “broke, busted, and disgusted” 7 years ago and is now taking massive action to scale his business while finding creative opportunities in a highly competitive real estate market!Justin Colby has completed hundreds of transactions, and his story is a powerful example of the value of taking action where it counts and getting the right guidance from the right people.  “We did 6 deals,” he says.  “The year after that, we did 20. The year after that, we did 43.  The year after that, we did 96, and so on, and so on, and now we’re developing 79 homes, we’re wholesaling 3 to 5 a month, and we’re flipping about 1 a month.”Yes, you read that right—Justin Colby is currently building 79 townhomes from the ground up, something he has never done before, while continuing to push his wholesaling and retail flipping business.  Listen in as he shares his story and how he does it!Have any questions? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes.  And while you’re there, why not leave us a review and five-star rating?Show NotesWhat’s covered in today’s podcast?  Here are a few main points.I’m looking for experienced wholesalers anywhere in the United States who are interested in sending me deals.  Contact me at justin@houseflippinghq.com if that’s you!We kicked off our House Flipping Formula coaching and implementation program this week, and the interaction and responses have been awesome!  Lots of great feedback.  As of this recording, you CAN STILL SIGN UP for the program if you’re interested!  Shoot an email to info@houseflippinghq.com or click here to learn more if you’d like to be part of this.Justin Colby shares some critical insights on marketing for sellers, financing deals, and the importance of taking action.3 coaching calls with a mentor completely changed his business and his life.The subtle difference between Facebook and Google as marketing channels, and why you need to know this if you want to find motivated sellers online.Why hard money lenders can often be a better choice than traditional bank financing, even though it's more expensive.Near the end, Justin Colby gives us his best single piece of advice for anyone starting out in this business or wanting to get to the next level, and he absolutely nails it.  Check it out!Tweetable QuotesIf you’re not taking any action, you’re always going to be exactly where you are. – Justin ColbyGet out there, put houses under contract, and then you can determine what you think is best to do with that property. – Justin WilliamsWe said it’s time to take our business to the next level, and we took the jump. – Justin ColbyThere’s a lot of commas and zeroes on this project. – Justin ColbyIf you want something bigger and better, you gotta take action and move towards it. – Justin ColbyLinks and ResourcesTheScienceofFlipping.comDownload Justin Colby's bestselling book, The Science of Flipping, for FREE!  Click here.If you're an experienced wholesaler and you're looking for a buyer, email justin@houseflippinghq.com.Don't forget to check out House Flipping Formula!  Click here to learn more.Last Chance to Sign Up for House Flipping Formula!By popular demand, the deadline to sign up for the House Flipping Formula coaching and implementation program has been extended, so you can still get in!  However, we will be closing down registration in just a couple days, so act now if you want to join.  To learn more about this comprehensive 12-week house flipping training program, click here.  See you on the inside!Like what you hear?If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and a review so that others who are interested in starting a house flipping business can find us and get in on the good stuff.  Click here to leave a review and rating! If you have any questions or comments about this show or its contents, please post them in the comments area below and I’ll be happy to answer them.The post HFHQ 67: Wholesaling, Flipping, and Developing Properties in a Highly Competitive Market: Interview with Justin Colby appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.
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Feb 3, 2015 • 36min

HFHQ 66: Interview with Wholesaler Andy McFarland and Introduction to the House Flipping Formula Program

In today's episode, I have the privilege of introducing you to something I'm very excited about.  It's a project that has been in the works for a while.  You've heard me hint at it in previous episodes, and now it's here!  Introducing the House Flipping Formula Coaching & Implementation Program!I also interview Andy McFarland, a good friend and one of the best wholesalers I know, who is going to be a huge part of House Flipping Formula.  We talk about why we created this, why we're teaming up, and what you can expect in the program.Have any questions? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes.  And while you’re there, why not leave us a review and five-star rating?Official Launch of House Flipping Formula!We're now taking signups for House Flipping Formula, an updated, expanded, and rebranded version of my house flipping coaching program!  I can't begin to describe how excited I am about this.  Andy McFarland, who I interview in this episode, is joining me as a coach and will be deeply involved in the educational content and the live calls.Here's a quick breakdown of what's included in the program.Full 12-Week Educational Program (Covers everything you need to know to flip houses.)Huge Library of Documents and Resources (You’ll need all this to build your business.)12 Live Coaching Calls with Justin Williams and Andy McFarland (We do a live call every week!)Lifetime Membership to All Resources and Materials (You get to keep everything!)Lifetime Membership to the House Flipping Mastermind Group (This is the best part, in my opinion.)Plus weekly assignments, action steps, the Biggest Flipping Failure Challenge, live mastermind events, and more!My goal with this program is to provide all the education, resources, documents, and guidance you’ll need to build a successful house flipping business. You’ll start doing the work to succeed while we’re going through the program, so there’s definitely a lot of ACTION in addition to LEARNING. You’ll also become part of the House Flipping Mastermind group, which is a community of new and experienced house flippers and mentors working together to learn and build their businesses.And while the “gurus” will charge you $20k to $40k for something like this, I’m making this available for less than $2k for lifetime access. So definitely check it out! Get all the details here.This program is not for everyone, but if you’re serious about this business, I honestly believe it can help you get started and get to that next level. I’ve coached hundreds of people, and I’ve seen it happen many times.So if that’s where you are right now and you want to take that next step, I would love to have you join us.    Click here to learn more about House Flipping Formula!Show NotesA few of the main take-aways from today's episode: Andy and Justin discuss Andy’s plans to double the revenue from his wholesaling business this year.Andy goes over what’s working well for his business.Internet marketing.Direct mail.Warm network—helping people put deals together.You have to focus on “creating” deals rather than trying to “find” them. It takes creativity and negotiating skills to make deals happen.Introduction to the House Flipping formula coaching program, which Justin and Andy are producing together.Tweetable Quotes“Deals are everywhere.” – Andy McFarland“A lot of things aren’t deals until you make them a deal.” – Andy McFarland“If you’re going to pay a guy $1,000 an hour, you better know the right questions to ask.” – Andy McFarlandLinks and ResourcesCheck out House Flipping Formula!Like what you hear?If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff.  Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them.The post HFHQ 66: Interview with Wholesaler Andy McFarland and Introduction to the House Flipping Formula Program appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.
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Jan 21, 2015 • 22min

HFHQ 65: I’m Back! 2014 Year in Review and 2015 Plans

House Flipping HQ is back, with a ton of awesome things in store for 2015!  In today's episode, I give you a quick year-end review of 2014 and briefly touch on my business plans for 2015.  I'm also going to give you a sneak peek at some things coming up this year that I'm really excited about.More importantly, I want to kick off this year by taking us back to some of the fundamentals of house flipping with what I call the “3 C's of House Flipping Success.”  If you want to succeed flipping houses, you need all three of these!Have any questions? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes.  And while you’re there, why not leave us a review and five-star rating?Free House Flipping Video Course!One of the things I'm most excited about in today's episode is the upcoming launch of House Flipping Formula—an updated, expanded, and rebranded version of my house flipping coaching and implementation program.  I can't give away all the details yet, but to introduce the program, I've created a free, 4-part video course that takes you through the fundamentals of house flipping.  Check it out at HouseFlippingFormula.com!In the introductory video course, I cover:The single biggest obstacle all house flippers face, and how to defeat it.The 5 pillars of successful house flipping, plus 7 things you can do to reduce or even eliminate the risk of losing money.How to get started right now with wholesaling.A complete blueprint of how to build a successful house flipping business.Much more…. and this is all just in the free course!Once again, I'm very, very excited about what's in store with this program, so I invite you to head over to HouseFlippingFormula.com and take a look!Show NotesA few of the main take-aways from today's episode:A year-end review of my own house flipping efforts in 2014.We're continuing to step into new markets and have put some houses under contract in other states.The House Flipping Mastermind Group and the Fail Fast Flipping Program are being combined, rebranded, and relaunched as House Flipping Formula for 2015.I'm really excited about this.  We're adding live coaching calls and bringing on a very special partner; stay tuned for more info on that.I've created a free video course on house flipping as a way to introduce this new program.  Get this at HouseFlippingFormula.com.The 3 C's of House Flipping SuccessContent – Learn the fundamentals of how to flip houses.Corridor – Enter the “corridor” by taking action where it counts.Community – Surround yourself with mentors and like-minded individuals to coach and support you on your journey.Tweetable QuotesDon't get the shiny object syndrome where you think the grass is always greener on the other side. – Justin WilliamsStart looking for opportunity in your own backyard. – Justin WilliamsPeople get so far in their journey, and then they quit. – Justin WilliamsIt's all about living in the moment and enjoying the journey. – Justin WilliamsLinks and ResourcesSecrets of the Millionaire Mind by T. Harv EkerHouseFlippingFormula.comLike what you hear?If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff.  Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them.The post HFHQ 65: I'm Back! 2014 Year in Review and 2015 Plans appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.
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Nov 12, 2014 • 26min

HFHQ 64: Books, Business and Building Value for Flippers

In today's episode I share information on some audio books I've recently been diving in to.  Truth be told, I've been on a book-listening binge lately and wanted to share some of the insights I've received and recommend one or two books that you might want to check out (once you have finished making those offers, of course!).I also share some developments in my business and talk about the reason I'm closing down sign ups for the House Flipping Mastermind Group until some time in 2015.  (If you want to get in while you can, use the code “takeaction” at checkout here.)Have any questions? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes.  And while you’re there, why not leave us a review and five-star rating?Show NotesA few of the main take-aways I've received from my book-listening marathon:Being positive is one of the keys to a successful lifeYou are in total control of your life and have 100% of the responsibility for what happens in itYou have to take care of your team!The importance of knowing when you are in a dead end and how to get out of itKnow what your failures are and how to learn from themHow to determine where your “dips” areTweetable Quotes“You are 100% responsible for your life” – Justin Williams“Have fun and enjoy the ride” – Justin Williams“Surround yourself with positive people” – Justin Williams“You can have success wherever you are” – Justin Williams”“Everything you've ever wanted is one step outside of your comfort zone” – Tara WilliamsLinks and ResourcesThe Energy Bus By Jon GordonThe Dip By Seth GodinFail Fast FlippingHouse Flipping HQ MastermindDon't fear the failure!Get the inside scoop on why failure is actually your best friend when it comes to house flipping!Join us and ask me any questions you might have about house flipping and real estate!–> Click here to Join! <–Like what you hear?If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff.  Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them.The post HFHQ 64: Books, Business and Building Value for Flippers appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.
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Nov 5, 2014 • 30min

HFHQ 63: Understanding Systems and an In-House Interview

In this short but juicy episode, it's a family affair as we share some recent events in our business!  Kale Darling, my Acquisitions Manager, shares an interview with Tom Wood, my father-in-law, who recently joined our company and started his house flipping journey.  They have a great “flipping failure” story to share.  I also share Amber Wood‘s (my sister-in-law) “compound effect” project and share her progress.  Plus, we find out the winner of the Biggest Flipping Failure Challenge!Have any questions? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes.  And while you’re there, why not leave us a review and five-star rating?Show NotesOn this episode we discussTom's background before he started flipping housesThe reason Tom switched careersHow Tom overcame the steep learning curve with house flippingTom's first day in my officeTom shares information on his first dealThe importance of having the right system in placeThe importance of maintaining balance in one's lifeKale Darling and Tom WoodTweetable Quotes“If we just focus on the processes that helps us achieve our goals, then we'll reach them” – Justin Williams“Setting up processes and setting up goals make things work more smoothly” – Justin Williams“When you worry about huge, monumental goals, you can get overwhelmed” – Justin Williams“It's not just about goals but it's about having the right systems in place” – Justin WilliamsLinks and ResourcesAmber's Blog: www.thecompoundproject.comThe Compound Effect by Darren HardyJames ClearFail Fast FlippingHouse Flipping HQ MastermindThe Biggest Flipping Failure is: Hector Perez!A huge congratulations and pat on the back to Hector Perez!  He is the winner of the Biggest Flipping Failure Challenge and as you heard in last week's episode, took some massive action and fell flat on his face (but learned a ton in the process)!A close second was Dave Comer, who was an amazing competitor, also took a ton of action and did a great job too.To be honest, in my mind you are both winners!  Well done guys and I couldn't be prouder!Don't fear the failure!Get the inside scoop on why failure is actually your best friend when it comes to house flipping!Join us and ask me any questions you might have about house flipping and real estate!–> Click here to Join! <–Like what you hear?If you've found any value or helpful information in the House Flipping HQ Podcast, we’d love to hear about it! Head on over to iTunes and leave us a rating (5 stars would be great!) and review so that others who are interested in starting a house flipping business can find us and get in on the good stuff.  Click here to leave a review and rating If you have any questions or comments about this show or it’s contents, please post them in the comments area below and I’ll be happy to answer them.The post HFHQ 63: Understanding Systems and an In-House Interview appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

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