7 Figure Flipping

It's easy to get caught up in the exciting sub-topics of house flipping — from seller financing to direct marketing to working with contractors.  But today I want to get “back to basics” and talk about the fundamentals of House Flipping.  These are the common elements of this business that everyone has to learn and understand to develop their skills, and today I'm sharing one of the first educational modules from my Fail Fast Flipping coaching program, so that you can really get a great grasp of these fundamental skills we all need to understand.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 discuss:What exactly is House Flipping?A 10,000 foot view of the real estate investing businessUnderstanding the 4 pillars of house flippingMethods and means of buying propertiesFinancing your flips for maximum profitWhat is involved in the rehab processThe most important skill you need to develop as a house flipperThe process of selling your propertiesUnderstanding buying criteriaDealing with both sellers and buyersTweetable Quotes“You have to find your motivation” – Justin Williams“Give yourself a realistic time frame” – Justin Williams“You need to act as if you will make it happen” – Justin Williams“Put in a lot of effort and take a lot of action to make it count” – Justin Williams“You want to be open minded but you should know what you are looking for” – Justin Williams“No Lead Left Behind” – Justin Williams“Think Less, Do More!” – Justin WilliamsTranscriptClick here to Read and Download the Transcript for Episode 52Links and ResourcesFail Fast Flipping ProgramHouse Flipping Hq Mastermind GroupAnchor Loans is one of my main hard money lenders. I absolutely recommend them to help finance your deals Don't fear the failure!Join our FREE webinar to learn tips on how to start with real estate, how I run my house flipping business and get the inside scoop on why failure is actually your best friend when it comes to house flipping!Join us on, Thursday, August 21, 2014 at 6PM/9PM (Pacific/Eastern) and ask me any questions you might have about house flipping and real estate!–> Click here to reserve your spot! <–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 52: The Fundamentals of House Flipping – House Flipping 101 appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Andy McFarland is here with insights on how he runs his house flipping and wholesaling business.  Andy is not just a mentor in my Fail Fast Flipping Program, but also shares a ton of great tips on how to create your own house flipping machine and make real estate your business, and not just a job. Find out more on this episode.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 NotesAndy Shares:His inspiration for getting started in real estateTips on methods for starting your own house flipping systemAndy discusses each member of his team and their responsibilitiesWhat should be the priority in your businessThe importance of internet marketing in real estateMethods and steps for expanding your wholesaling businessHear all about “The House Story”!The importance of developing good relationships with your buyers and contractorsAndy's favorite failure and what he learned from it.See Andy's Video:Tweetable Quotes“You have to value the relationship of your associates in this business” – Justin Williams“You can fool somebody once, but is just a one time deal” – Andy McFarland“Sometimes the only thing that you can do is to make the life of the buyer easy” – Andy McFarland“You learn alot more from your losses than your deals” – Andy McFarland“Nothing is going to be perfect.  Just go about there and take action!” – Andy McFarland“You first have to believe in yourself that you can do it” – Andy McFarlandTranscriptClick here to Read and Download the Transcript for Episode 51Links and ResourcesRich Dad, Poor Dadwww.iloverealestatestories.comAnchor Loans is one of my main hard money lenders. I absolutely recommend them to help finance your deals 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 51: Building a House Flipping Machine with Andy McFarland appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Happy 5oth Episode Everybody! I'm super excited that we've come this far!  I hope we can continue to share useful and actionable real estate investing information with all of you for another 50!  On this episode Danny Johnson (the latest addition to the Fail Fast Flipping Program list of coaches) is here to dicuss lead generation and internet marketing.  He shares how to build your lead generating website and how he does his house flipping deals through internet marketing.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?Don't fear the failure!Join our FREE webinar to learn tips on how to start with real estate, how I run my house flipping business and get the inside scoop on why failure is actually your best friend when it comes to house flipping!Join us today, Thursday, July 17, 2014 at 6PM/9PM (Pacific/Eastern) and ask me any questions you might have about house flipping and real estate! –> Click here to reserve your spot! <–Show NotesOn this Episode we discuss:Why pacing yourself is one of the keys in a successful businessWhy failing is not the  end of the world, and the reasons giving up is never a solutionThe importance of being decisive and taking massive actionHow to set up your own real estate investing websiteThe importance of analyzing the source of your leadsValuable tips about what to include on your websiteWhy you should focus on a local areaResponding as quickly as possible is important.  Remember: Communication is essentialThe importance of having your website negotiate on your behalf.How to organize your website for the best resultsLearn how “Pay-per-Click” worksUnderstand how SEO (Search Engine Optimization) benefits you and your websiteTips on managing your traffic on the websiteTweetable Quotes“Have faith that you will land that deal” – Danny Johnson“Dont give up right before you are steps away from success” -Danny Johnson“There is always a reason why other people are sucessful in this business” – Justin Williams“It's good to have several lines in the water”– Danny Johnson“Adding a little personality on your lead generating website is very important” – Danny Johnson“Learn what really generates the leads” – Danny JohnsonTranscriptClick here to Read and Download the Transcript for Episode 50Links and ResourcesDanny Johnson's Websiteswww.flippingjunkie.comdannybuyshouses.comMany thanks to our sponsor, Yellowletters.com. Use the offer code “HFHQ” for 10% off your first order! Anchor Loans is one of my main hard money lenders. I absolutely recommend them to help finance your deals 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 50: Danny Johnson's Insights on Lead Generation and Internet Marketing appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

My right-hand-assistant, Vanessa Feil is back to discuss the important points of how to sell and close a deal. In the second part of this interview (check out part 1 here) taken straight from the BETA Fail Fast Flipping program, we share more details on how to sell and close a deal the right way.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 share:How to understand closing costs the right wayOur methods for accepting offersHow to deal with conventional offersThe steps to take after accepting an offerLearn about the Binder PolicyThe importance of closing quicklyLearn the documents you need to send in after closing a dealHow to deal with requests for repairsThe importance of an appraisal and how we deal with them in our businessWhat to do if the appraisal doesn't match the offer priceHow to fully close the dealTweetable Quotes“The less people you can work with the better”– Justin Williams“The quicker you go, the less time people have to think, the faster the transaction closes” – Vanessa Feil“The more you don't respond the more it pushes the buyer away” – Vanessa Feil“The more inspection, the more things they want, the less offer you will get” – Justin Williams“Always try to get as much as you can” – Justin WilliamsTranscriptClick here to Read and Download the Transcript for Episode 43Many thanks to our sponsor, Yellowletters.com. Use the offer code “HFHQ” for 10% off your first order!Anchor Loans is one of my main hard money lenders. I absolutely recommend them to help finance your dealsIf 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 49: Selling and Closing Process with Vanessa Feil – Part 2 appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

My right-hand-assistant, Vanessa Feil is back to discuss the important points of how to sell and close a deal.  In this first of a two part interview taken straight from the BETA Fail Fast Flipping program, we share what happens after the rehab and how we go about listing and selling our properties, quickly.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 share:The importance of listing a property right after the rehab finishesThe importance of schedules and how we work oursImage is everything!  Taking good pictures is not nearly as easy it may lookMethods to make your listing descriptionTips on how to determine your list priceWe also discuss how to handle the calls after we list the propertyWhy and how to maintain the propertyMaking your property presentable to potential buyersLearning which offer to takeHow to utilize an agent in the listing and selling processThe importance of follow-upTweetable Quotes“You have to treat these properties like a hot potato, or else they will decrease in value” – Justin Williams“Always paint a picture with your description” – Vanessa Feil“Real Estate can be an emotional thing — especially for first time buyers” – Vanessa Feil“Little things seems obvious, but they're very important” – Justin Williams“Always take the offer that can make you the most” – Justin Williams“You have to understand that those buyers are also looking at other properties” – Vanessa FeilTranscriptClick here to Read and Download the Transcript for Episode 48Links and ResourcesPreviewFirstMany thanks to our sponsor, Yellowletters.com. Use the offer code “HFHQ” for 10% off your first order!Anchor Loans is one of my main hard money lenders. I absolutely recommend them to help finance your dealsLike 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 48: Selling and Closing a Deal with Vanessa Feil appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Today I'm extremely happy to have Bruce Norris (“The Godfather of Real Estate“) on the podcast!  It is a true priviledge to interview one of the most successful real estate investors out there and even though I was a little “star struck”, we still managed to talk in detail about Bruce's approach to investing and where he see's the market going in the future.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 NotesHow Bruce got his start in real estateLearn about the “Carmax” analogyHow to make your real estate business more successfulGet behind-the-scenes details about how they Bruce wrote “The Crash”Making the changes in the market work to your advantageBruce's latest predictions on the real estate marketWhy real estate is not an easy businessHow Bruce creates “The Chart”Learn about market conditions for 2014 and 2015Receive motivation on how to become successful in real estateCreating your legacy vs. creating a businessTweetable Quotes“Getting out is more important than getting in on a timely basis because once things starts going down you won't have a lot of exits” – Bruce Norris“Here in the predicting business, if something doesnt occur, you have to go back to see, what is wrong or what has changed” – Bruce Norris“You have to keep adapting to succeed on this business” – Justin Williams“It's important to be part of the market” – Bruce Norris“Most of the people will tell you where you are without taking the risk on where you are going” – Bruce NorrisTranscriptClick here to Read and Download the Transcript for Episode 47Links and ResourcesThe Norris GroupThe Norris Group Real Estate Radio Showisurvivedrealestate.comThe Millionaire Maker SeminarMany thanks to our sponsor, Yellowletters.com. Use the offer code “HFHQ” for 10% off your first order!Anchor Loans is one of my main hard money lenders. I absolutely recommend them to help finance your dealsDon't fear the failure!Join our upcoming FREE webinar to learn tips on how to start with real estate, how I run my house flipping business and get the inside scoop on why failure is actually your best friend when it comes to house flipping!Join us on Thursday, July 3, 2014 at 6PM/9PM (Pacific/Eastern) and ask me any questions you might have about house flipping and real estate!–> Click here to reserve your spot! <–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 47: Bruce Norris and the state of real estate markets appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

Vanessa is back!  On this episode my assistant, Vanessa Feil, is spending some time with me to discuss our systems for hiring contractors and rehabbing houses.  This was actually taken from a recent course video I made for the Fail Fast Flipping Beta program.  Since we're changing things up for the full 3F program starting in July, I thought this might be helpful to some of you looking to rehab a house or two. 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 cover:What we used to do before we developed our systemWhat to look for in a contractorWhy contractors having a license and insurance are importantWhat certifications are needed to work with a contractorKey things to determine whether or not a contractor is a good fitHow to make sure your contractor can think for themselvesHow and why to give your contractor full control of the rehab projectCommunicating with your contractorHow to understand your contractor's plan (or even if they have one)The importance of walk-throughsHow and why we've changed our method for paying contractorsEliminating the various moving parts of your systemGet the updated price list here:[wpdm_file id=60]Tweetable Quotes“Always be straight forward” – Vanessa Feil“Its not just about working with the right contractor, but also about teaching them the right way” – Justin Williams“Dealing with people … can be hard” – Justin Williams“Contractors need to think for themselves” – Justin Williams“The more hands you put in the pot, the more it gets confusing” – Vanessa Feil“Start the rehab as soon as possible, and then end it as quickly as possible” – Vanessa FeilTranscriptClick here to Read and Download the Transcript for Episode 46Links and ResourcesMany thanks to our sponsor, Yellowletters.com. Use the offer code “HFHQ” for 10% off your first order!Anchor Loans is one of my main hard money lenders. I absolutely recommend them to help finance your dealsJoin our Workshop!Join our webinar on Thursday, July 3, 2014 at 6PM/9PM (Pacific/Eastern). Learn some tips on how to flip and rehab houses from Justin Williams, himself.Also learn more about our House Flipping Mastermind group. Join now by clicking the link below:houseflippinghq.com/workshop 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 46: Finding Contractors and Rehabing Houses with Vanessa Feil appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

You probably remember Robert Fragoso from Episode 11 of the HFHQ Podcast, and I'm happy that he's back to talk shop!  In this episode Robert shares his methods for motivating realtors and investors to work together to improve their businesses.  He also shares his methods for making a deal work, and much more!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 cover:Keys to improve agent-investor relationshipsThe different ways that agents and investors think about closing a dealThe right process to use when approaching investorsWays to improve your agent's effectivenessThe things that an agent should and shouldn't doRobert's methods for making a deal workWhy investors are a resource and a tool, and how to become a team member instead of a clientVarious marketing techniques you can implement in your businessTweetable Quotes“Don't approach agents for a deal … don't approach investors for listings” – Robert Fragoso“Sellers that call investors directly are like a gold ticket for realtors” – Robert Fragoso“Make the most out of the leads you have”  – Robert Fragoso“Its better to look at the bigger picture than the short commissions” – Robert Fragoso“Nothing works 100% on the first time” – Robert Fragoso“When you help people, your network grow and your net worth grow” – Robert FragosoTranscription:Click here to Read and Download the Transcript for Episode 45Links and ResourcesIf you have a transaction email:submit@anchorloans.commelissa@anchorloans.comedna@anchorloans.comTo reach Robert email: robertf@anchorloans.comRobert's Contact Number (310-345-2696)Robert's Facebook PageMany thanks to our sponsor, Yellowletters.com. Use the offer code “HFHQ” for 10% off your first order!Anchor Loans is one of my main hard money lenders. I absolutely recommend them to help finance your dealsJoin our Workshop Tonight!Join our webinar Today, Thursday, June 12, 2014 at 6PM/9PM (Pacific/Eastern). Learn some tips on how to flip and rehab houses from Justin Williams, himself.Also learn more about our House Flipping Mastermind group. Join now by clicking the link below:houseflippinghq.com/workshop 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 45: Robert Fragoso on How To Improve Your House Flipping Business appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

In today's episode of the HFHQ Podcast, Iris Veneracion shares how she started out as a house flipper and then began working with rental properties.  She talks about her business, her systems and how she handles her team.  From flipper, to landlord to coaching, Iris gives us the run-down!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 cover:Iris' Background and how everything got started with real estate investingHow someone can build true wealth through real estate and flipping.The various members that make up her business teamIris' business system and how she delegates tasks and work to her team membersThe importance of policies and procedures in your house flipping business.Why you need to let your team growSometimes you are the bottleneck in your business.  Let your team step up and improve their skills.Learn more about the 60-Day Challenge that Iris is involved with.Tweetable Quotes“Flipping can be a job if you don't make it a business and create the right systems” – Justin Williams“People are too focused on their pennies, not realizing they let opportunity pass by” – Justin Williams“Balance is the key in this business” – Iris Veneracion“You cannot do this alone” – Iris Veneracion“As the market grows you have to adjust with it” – Iris VeneracionTranscriptClick here to Read and Download the Transcript for Episode 44Links and Resourceswww.investCLUBforWomen.comIris Veneracion's 60-Day ChallengeRobert Kiyoski's Website (www.richdad.com)Rich Dad, Poor DadBefore You Quit Your JobMany thanks to our sponsor, Yellowletters.com. Use the offer code “HFHQ” for 10% off your first order!Anchor Loans is one of my main hard money lenders. I absolutely recommend them to help finance your dealsJoin our Workshop!Join our webinar on Thursday, June 12, 2014 at 6PM/9PM (Pacific/Eastern). Learn some tips on how to flip and rehab houses from Justin Williams, himself.Also learn more about our House Flipping Mastermind group. Join now by clicking the link below:houseflippinghq.com/workshop 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 44: Iris Veneracion and the Importance of Taking Action appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

With over 25 years flipping more than 700 houses, Brian Burke knows this business better than just about anyone.  He's learned that while this isn't an easy business, your confidence and courage an help you survive and push the limits of your abilities.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 NotesHighlights from this episode:Brian's background and how he got started as a house flipperThe importance of intuition in running a house flipping business25 years of experience has shown that being smart is good, but your intuition will never fail you.Brian's huge career “bump” and how he recoveredBrian's strategy on buying trustee sale propertiesThe old direct mail strategyThe importance of being “hands on”How Brian dealt with things that almost halted his real estate careerThe software that Brian developed to help him with his house flipping businessWhy buying properties at auction is not a beginner's gameThe ins and outs of fundsHow they workThe different types of fundsBreaking down the profit from a fundThe risks of doing a fundTweetable QuotesTweet these quotes!“In a house flipping business, you’re a buyer and a seller everyday” –Brian Burke“What you look like doesn’t matter when buying at an auction” – Brian Burke“In real estate, as the conditions change, you have to change with them” –Brian Burke“Always under-promise and over-deliver” – Brian Burke“Doing what you say you’re going to do carries a lot of weight in this business” – Brian Burke“People will bring things to you if they know you can perform, and you can shown them you've performed” – Brian Burke“Everything in this business is integrity-based” – Brian BurkeHappy Birthday Tara!I recently made a song and video for my wife, Tara's, birthday and I shared a bit of the song on this week's episode.  Here is the full video so you can all see just how awesome and amazing my wife is!  TranscriptClick here to Read and Download the Transcript for Episode 43Links and ResourcesFor questions email us at : info@houseflippinghq.comwww.biggerpockets.comwww.praxcap.comMany thanks to our sponsor, Yellowletters.com. Use the offer code “HFHQ” for 10% off your first order!Anchor Loans is one of my main hard money lenders. I absolutely recommend them to help finance your dealsJoin our Workshop!Join our webinar on Thursday, June 12, 2014 at 6PM/9PM (Pacific/Eastern). Learn some tips on how to flip and rehab houses from Justin Williams, himself.Also learn more about our House Flipping Mastermind group. Join now by clicking the link below:houseflippinghq.com/workshopLike 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 43: A Trustee Sale Buyer's Point of View with Brian Burke appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.