7 Figure Flipping

Bill Allen
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Jan 22, 2014 • 41min

HFHQ 22: How To Flip Houses from 2000 Miles Away – Marty Boardman (Part 1)

Today we are visited by Marty Boardman.  Marty is a house flipper from Phoenix, Arizona, who flips houses in Milwaukee.  Yes, you read that correctly.  Even though Marty lives in Phoenix he has an active house flipping business with a farm area 2,000 miles from where he lives!In today's Part 1 of the interview, we discuss how Marty got started with House Flipping (which actually follows a lot of parallels with my own journey) and he shares why he changed his farm area to another state and how he works his deal acquisitions and financing from such a long distance.Have any questions for Marty or myself? 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?Join the Mastermind Group!Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February! If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/webinarShow NotesIn this episode we cover:Marty's journey from a TV cameraman to real estate investorHow Marty interned with an established real estate investor to learn the ropesMarty's experience with House Flipping “Guru's” and the real way to learn how to flip housesWhy Marty decided to stop flipping houses in his own area (Phoenix) and started flipping in MilwaukeeHow he “graduated” from a beginner house flipper to an true house flipper by changing his farm areaHow Marty finds his dealsMLS – It is important to find a realtor on the ground who knows what to look for.REOEstate SalesWholesalerHow Marty analyzes over 150 properties a month even though he doesn't live in his farm areaHow Marty gets financing for his dealsMemorable Quotes“Quit wasting your time flying around the country giving money to these gurus.  Find yourself a real estate investor in your market and learn from them. Buy them coffee, taken them out to lunch, and serve them someway and help them.” ~ Marty Boardman“I'm not necessarily looking to find a real estate agent who is an investor themselves.” ~ Marty Boardman [Tweet this!]“If you're just getting started and you don't have the money, just go find a deal.” ~ Marty Boardman [Tweet this!]TranscriptClick here to Read and Download the Transcript for Episode 22Links and ResourcesRich Dad, Poor Dad (Robert Kiyosaki)CASHFLOW Quadrant (Robert Kiyosaki)Bigger PocketsMilwaukee REIAFlipping Phoenix Houses (Marty's Website)Pro-Teck Valuation ServicesLike 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 22: How To Flip Houses from 2000 Miles Away – Marty Boardman (Part 1) appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.
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Jan 17, 2014 • 39min

HFHQ 21: Approaching and Dealing with Sellers – Sharon Vornholt (Part 2)

You can hear Part 1 of this interview here.Sharon Vornholt from Louisevile, Kentucky is a master marketer, wholesaler, and really understands the probate and absentee owner process.  In part 2 of our interview Sharon shares details on how she connects with and talks to potential sellers.  She also explains her process for getting properties under contract and where she finds buyers to wholesale her properties to.Have any questions for Sharon or myself? 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?Join the Mastermind Group!Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February! If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/webinarShow NotesIn this episode we cover:Sharon's process when on the phone with a potential sellerConfirm phone number and nameHave them describe the property and conditions of major systems (heat, electric, etc.)Have the kitchens or baths been redone in the past 7 or 8 years?Understanding a seller's motivation for selling the house.  “What are you looking to get?”What Sharon does when she visits a houseHow Sharon draws up her contracts and initiates the closing processThe type of contract Sharon usesWhy you shouldn't get caught up in the probate processWhere Sharon finds her best buyersWhy marketing to sellers is a long-term process and you need to stick with it.Memorable Quotes“Try to find out what their motivation is.  It's always money, but there is always something else” ~ Sharon Vornholt“I use a simple one page contract that pretty much anyone can understand” ~ Sharon Vornholt“My best buyers were found in my REIA group” ~ Sharon Vornholt [Tweet this!]“People think you need a million buyers. You don't.  You really only need three.” ~ Sharon Vornholt [Tweet this!]“Marketing is a long-term strategy.  Direct Mail is a long-term strategy” ~ Sharon Vornholt [Tweet this!]“90% of your deals will come about at your fifth mailing or beyond” ~ Sharon Vornholt [Tweet this!]TranscriptClick here to Read and Download the Transcript for Episode 21Links and ResourcesInnovative Property Solutions, LLCLouisville Gals Real Estate BlogKREIA – Kentuckiana Real Estate Investors AssociationLike 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!Image Attribution: By Tony Wills [CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia CommonsThe post HFHQ 21: Approaching and Dealing with Sellers – Sharon Vornholt (Part 2) appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.
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Jan 15, 2014 • 48min

HFHQ 20: Wholesaling and Probates with Sharon Vornholt – Part 1

Sharon Vornholt from Louisevile, Kentucky is a master marketer, wholesaler, and really understands the probate and absentee owner process.  In fact, today we get really deep with her approach to marketing to probates and finding absentee owners.  She gives us her specific methods for direct marketing to this unique demographic and even provides a copy of her initial probate letter, which you can download below!Have any questions for Sharon or myself? 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?Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February! If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/mastermindShow NotesIn this episode we cover:Sharon's early beginnings with properties starting a home inspection company and then getting hooked on investing at her first REIA meeting.How Sharon started with wholesaling and what she recommends for people who are just starting outSharon's current business model and why she transitioned away from being a landlordSharon's main marketing source and the best source of her leadsThe power of networking with your REIA groupWhy probates are unique and how to market to them effectively (hint: don't send a yellow letter or postcard!)Marketing to the executor vs. the heirsThe four pieces of information you need to start a probate campaignSharon's specific approach to crafting a probate letter and how many letters she sendsSharon's specific approach to marketing to absentee owners and which direct mail pieces get the best resultsSharon's preferred mailing and list services for direct mail marketingHow Sharon handles phone callsMemorable Quotes“There was something really scary about making that first offer and wondering if I would be able to find a buyer” ~ Sharon Vornholt“You have to learn what a good deal is” ~ Sharon Vornholt [Tweet This!]“You need a realtor who understands investing” ~ Sharon Vornholt [Tweet This!]“There are around 3,300 counties in the United States, and every one of them is different” ~ Sharon Vernholt“What's good is bad and what's bad is good” ~ Justin Williams [Tweet This!]TranscriptClick here to Read and Download the Transcript for Episode 20Links and ResourcesInnovative Property Solutions, LLCLouisville Gals Real Estate Blogyellowletters.comListSource.com 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!Image Attribution: By Greg-si (Own work) [CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia CommonsThe post HFHQ 20: Wholesaling and Probates with Sharon Vornholt – Part 1 appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.
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Jan 10, 2014 • 1h 5min

HFHQ 19: Appraisals for House Flippers – Rick Solis (Part 2)

Rick Solis is a master of evaluating properties and is currently the main appraiser for the Norris Group. He's appraised over 12,000 properties, averaging more than 500 per year, has done 200 real estate transactions of his own and has been involved in around 250 loans.In this, the second part of our interview, Rick gets in to a lot of details on the appraisal process.  He spends a lot of time sharing both his own process for inspecting properties, and how you can work with appraisers as an investor.  We also discuss creative financing, retirement investments and Rick even provides 3 downloadable documents that you can use today to help you and your business.Have any questions for Rick or myself? 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?Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February! If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/mastermindShow NotesIn this episode we cover:Why most appraisers and real estate agents don't really know how to evaluate properties for investingRick Solis' approach to writing rebuttal letters and where to send it to (and where NOT to send it!)Rick's process when he inspects properties and what he looks forHow to work with appraisers to get the best resultsWhat to do when you end up with a bad appraisal and your options when the appraiser won't budgeRick's financing methods with seller financing and subject 2 (and what those are!)Examples of creative financing with seller financingThe documents you need for seller financingApproaches to subject 2 financingRick's approach to retirement investing and ways to build your retirement equity quicklyMemorable Quotes“I'm a much better appraiser now that I'm buying properties” ~ Rick Solis [Tweet this!]“As an appraiser our whole life is coming up with a number and justifying it” ~ Rick Solis [Tweet this!]“In the 12,000 appraisals that I've done, it's always been the ‘wrong' number.  Someone is always unhappy with the number.” ~ Rick Solis [Tweet this!]“I'm a big reader of books.  Whenever I have a problem I need to figure out, I just go get a book.” ~ Rick Solis [Tweet this!]“If I was hitting real estate clubs right now [Tony Alvarez] is the main guy I would try to follow.” ~ Rick SolisTranscriptClick here to Read and Download the Transcript for Episode 19Links and ResourcesNorris Group WebsiteInterested in the House Flipping Mastermind Group? Get information here.And here are the documents that Rick mentioned in the podcast, which you can download for free:Appraisal AdjustmentsHow to select sale comparablesRick's recommended books and resources[wpdm_file id=13]The Winners are announced!We have winners for our two drawings for prizes with both Robert Fragoso and Ryan Skalla!  Here are the details:Contest 1Tickets to Anchor Loans' VIP house flipping networking event in the Hyde Lounge at an L.A. Clippers game (See post here)Winner: Chris Music from San Francisco, CaliforniaContest 2A 1-on-1 coaching call with Justin Williams and Direct Marketing expert Ryan Skalla (See post here)Winner 1: Casey from Denver, ColoradoWinner 2: Blake Stevens from Ft. Collins, ColoradoCongratulations!  If you won the contest, just shoot an email to info@houseflippinghq.com with your contact details and we will send you all the information you need.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!Image Attribution: By Herzi Pinki (Own work) [CC-BY-SA-3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia CommonsThe post HFHQ 19: Appraisals for House Flippers – Rick Solis (Part 2) appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.
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Jan 8, 2014 • 52min

HFHQ 18: The King of Appraisals – Rick Solis (Part 1)

Rick Solis is a master of evaluating properties and is currently the main appraiser for the Norris Group.  He's appraised over 12,000 properties, averaging more than 500 per year, has done 200 real estate transactions of his own and has been involved in around 250 loans.From early beginnings buying his first rental property at the age of 20 and working as an appraiser for over 2 decades, Rick is the guy to talk to when you want to understand how to properly evaluate properties.  In part 1 of our interview we discuss his journey as well as his approach to long and short term real estate investing, specifically rental properties and dealing with tenants,Have any questions for Rick or myself? 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?Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February! If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/mastermindShow NotesIn this episode we cover:Rick's work as the main real estate appraiser for the Norris GroupThe main way Rick finds deals today and why he doesn't use Direct MailWhy Rick prefers rental properties to flipping housesRick's optimal time to sell a houseWhat Rick looks for in a house when it is occupied and how he deals with existing tenantsThe eviction process and Rick's no-stress way to evict bad tenantsWhy it's important to factor in the worst-case-scenario when you get a deal from an unknown wholesalerWhat Rick looks for when he is evaluating properties as an appraiserRick's approach to finding and analyzing comparablesThe difference between looking at comps as an appraiser vs. an investorMemorable Quotes“When I'm flipping it's just for income.  When I think of myself as an investor, I'm trying to take the profit out of a sale and move if forward.” ~ Rick Solis“I hate rental houses” ~ Rick Solis [Tweet this!]“20% of our rentals provide 60% of the hassles” ~ Rick Solis [Tweet this!]“I hate selling a house between Holloween and Valentine's Day” ~ Rick Solis“If I'm discounting the rent, then they're taking care of the maintenance” ~ Rick Solis [Tweet this!]“There is nothing worse than doing a double rehab within a year” ~ Justin Williams [Tweet this!]“You have to wear pants to court, and I hate that” ~ Rick Solis [Tweet this!]“You don't need to know everything to get started in this business” ~ Justin Williams [Tweet this!]TranscriptClick here to Read and Download the Transcript for Episode 18Links and ResourcesJoe Lahore Investment ClubNorris Group WebsiteFast EvictionInterested in the Mastermind Group? Get information here.Other Items MentionedWe are going to announce the winners for the contests with Robert Fragoso and Ryan Skalla on Episode 19 of the podcast!  I can't wait! Is it you? Come back on Friday and find out! Our recent iTunes Charity Challenge raised $360 to help out families in need during the holidays! A big THANK YOU to everyone who participated.  You helped several family's have a hope-filled holiday season!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!Image Attribution: By barrett4wi [CC-BY-2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia CommonsThe post HFHQ 18: The King of Appraisals – Rick Solis (Part 1) appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.
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Jan 3, 2014 • 1h 5min

HFHQ 17: Managing Your House Flipping Assistant with Vanessa Feil – Part 2

This is part 2 of my interview with Vanessa Feil, my house flipping assistant.  If you haven't listened to Part 1, be sure to check it out first, as it will help bring clarity and context to what we discuss here.  Click here to listen.In this episode we discuss the importance of keeping a calendar when you run a house flipping business, Vanessa's day-to-day life in our business and also how to work with and motivate a house flipping assistant to become the best asset you could ever have.But best of all?  You get to be a fly on our wall as we do our actual 2014 goal setting for our business!  Find out the specific number goals we have for how many houses we'll buy and how much profit we'll bring in, and how we come up with the data.Plus, don't forget that we will be starting up a first-of-its-kind House Flipping Mastermind group in February!  If you'd like to get information on the upcoming webinar or any other information, just sign up here: houseflippinghq.com/mastermindHave any questions for Vanessa or myself? 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 NotesIn this episode we cover:Effectively using a calendar system to maintain systems with a house flipping business to increase productivity and efficiencyA day in the life of Vanessa — what she does and how she worksWhy a problem can be a good thingSetting up hours with your assistant in the beginning of your relationshipMore tasks that you can have an assistant do for you such as writing letters and direct marketingWhy menial tasks in the beginning are best for your assistantHow to keep your assistant motivated and ensure unlimited growth potentialHow Justin learned about the importance of showing appreciation when your assistant does a great jobA “fly on the wall” look at Justin and Vanessa discussing their business goals for 2014Streamline relationships with agents and design teams in specific areasSpecific numbers for buying (i.e. get under contract) and net profit goalsMemorable Quotes“I don't expect you to remember everything — I certainly don't — but there are systems out there we can use to make sure we don't forget.” ~ Justin Williams“You can hold all those ideas in your head, but when you write them out it's much more efficient in utilizing those ideas.” ~ Vanessa Feil“There are a million ways to make a million dollars, but unless you focus on one of them you won't make anything.” ~ Justin Williams [Tweet this!]“We get paid for problems.” ~ Justin Williams [Tweet this!]“Many people say it's hard to find good help.  I think it's more about the way they manage that help.  [Tweet this!]  You try to find the right person, but then it's your job to manage and train them.” ~ Justin Williams [Tweet this!]“No matter the scale of the project, there is always a way to streamline it to make it efficient for everybody.” ~ Vanessa Feil [Tweet this!]TranscriptClick here to Read and Download the Transcript for Episode 17Links and ResourcesBlog Post: Putting Together a Plan and Systems to Help You Reach Your House Flipping Goals For the New Year!Interested in the Mastermind Group? Get information here.Other Items MentionedDue to illness and the holidays we are going to announce the winners for the contests with Robert Fragoso and Ryan Skalla next week. I can't wait! Is it you? Come back next week and find out! Also, tune in next week to learn the results and hear a special message about our recent iTunes Charity Challenge!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 17: Managing Your House Flipping Assistant with Vanessa Feil – Part 2 appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.
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Jan 1, 2014 • 1h 6min

HFHQ 16: Hiring and Working with a House Flipping Assistant with Vanessa Feil

Click here to go to Part 2 of this interview!My assistant, Vanessa Feil, definitely helps my business run smoothly and I couldn't get so many things done without her invaluable help.  So, getting her on the podcast to share a bit of what she does to help my house flipping business run was something I knew you'd love to hear.  We discuss everything from how I found and hired her, what I initially paid her and the best ways to start working with an assistant.But then it gets really good and we go in to all of the tasks and responsibilities that she has within my company and how she has become an indispensable part of my team.  She describes our entire house flipping process from working with wholesalers, buying, financing and more!  And this is just Part 1!  We'll have Part 2 up in another 2 days so come back then, but in the meantime, be sure to get in on this amazing interview with my awesome assistant, Vanessa!Have any questions for Vanessa or myself?  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 NotesIn this episode we cover:How I met and hired Vanessa, including pay, compensation, training and responsibilitiesBasic things you can have an assistant do when you first hire themHow Vanessa grew in the business over timeThe number one thing I look for when I hire an assistant or employee: an ability to take and understand constructive criticismVanessa's transition into managing the trustee sale part of the businessThe importance of streamlining and setting up systems with your assistantWhat is was like when Vanessa took over the rehabbing process and initial challenges working with contractorsAnswers to a listener question related to the role of an assistantVanessa's current day-to-day responsibilities with our house flipping projects and how she keeps things organizedVanessa's process for buying properties using agents and wholesalers and expectations on how deals have to be brought to themThe importance (and challenges) of training the people who are a part of your deal acquisition funnelWhy Justin never wants Vanessa to ask him questions, and what she does insteadVanessa's entire process and systems for financing properties with private money lenders and hard money lendersThe checklist of processes that happen once the property is bought and is ready to be rehabbedMemorable Quotes“It is so important when hiring an assistant that, number one, you find someone who can take constructive criticism, and number two, that you are willing to give it.” ~ Justin Williams“Too many hands in the pot make things too confusing [Tweet this!] … the more that the contractor can handle and be responsible for, the smoother its going to go; for us and for them.” ~ Vanessa Feil“Don't expect your assistant to do all this at first. … Start with the basics.” ~ Justin Williams [Tweet this!]“One important key factor in organizing all of this is having your spreadsheets — its a bit part of how we streamline everything so it doesn't get overwhelming.”  ~ Vanessa Feil“The more information you get, the more you want to work with the property, or work with the person in general.” ~ Vanessa Feil [Tweet this!]“I don't know of any business where you can run an effective business without trusting people.” ~ Justin Williams [Tweet this!]TranscriptClick here to Read and Download the Transcript for Episode 16Tweet This!Links and ResourcesBlog Post: Putting Together a Plan and Systems to Help You Reach Your House Flipping Goals For the New Year!Interested in the Mastermind Group?  Get information here.Other Items MentionedDue to illness and the holidays we are going to announce the winners for the contests with Robert Fragoso and Ryan Skalla next week.  I can't wait!  Is it you?  Come back next week and find out! 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 16: Hiring and Working with a House Flipping Assistant with Vanessa Feil appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.
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Dec 27, 2013 • 47min

HFHQ 15: Part 2 – Wholesaling Pro-Tips with Ginger Macias

This is Part 2 of our wholesaling mini-seminar with Ginger Macias.  If you haven't had a chance to listen to part 1, be sure to head over there and chck it out. There are some real gems in that part of the interview.In today's conclusion Ginger discusses the rest of her 5 steps to wholesaling, with great details on analyzing deals, getting properties under contract, finding buyers and closing your deal.  Plus, she goes even farther by providing 7 “Pro-Tips” that will help you bring your wholesaling business even farther!Have any questions for Ginger or myself?  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 NotesIn this episode we cover:More of Ginger's five steps to wholesaling, and which two are the most crucial.Find the sellerWorking with (and making friends with) other wholesalers to get deals.The only two things you need to do to get a flow of deals (hint: neither of them involve lists!)Analyze the dealWhy this is the most essential skill for a wholesaler (or house flipper) to have.The primary goal is to find the ARV (After Repair Value) for a property.The number of sold properties with similar attributes (finding comps).The specific tools ginger uses to analyze deals.The three things you need to look for with properties: time, place and type.Why you should pay attention to price per square footThe percentages Ginger uses to figure out her offer price and ARVGet the contractHow to know your MAO (Maximum Allowable Offer)Ginger's method for submitting an offer to a seller and the terms she uses in her contract.The only contingency that Ginger puts on her contracts: inspection!Why you don't need to know how to fill out a form to make offers.Find the buyerWhy this is actually the first step, not the fourth step.The importance of networking and how to find buyers.The websites and social networks Ginger uses to find buyers.Ginger's online marketing systems to share your deals with buyers.The information you need to give buyers so that they can make decisions quickly.Close the dealHow to weed out the non-buyers from the buyers.How to do a simultaneous close.Mental blocks that stop most beginning wholesalers from getting to that first deal.Ginger's “Pro Tips” for wholesalingWork hard for your money — do your own homework, comps and due dilligenceNo daisy chains! — work with just one other wholesaler at a time.Don't get greedy — there is more than money in the deal.Make lots of friends — friends don't cheat each other.  It's all about relationships.Have a professional image — Show the best of yourself to othersListen to the needs of others — helping others will help yourselfContinue learning — never stop learning!Memorable Quotes“Do not get emotional about a deal.  Always run your deals through the numbers.” ~ Ginger Macias [Tweet this!]“Don't worry about the money.  Your job is to find properties.” ~ Ginger Macias [Tweet this!]“The more you do it, the better you'll get.  The first time I was analyzing deals it took me an hour or two hours … now it doesn't even take me 10 or 15 minutes.” ~ Ginger Macias“You want to be as easy to work with as possible.  If you're really easy-going agents will love you.” ~ Ginger Macias“Don't let the paperwork get in the way. Don't let the contract get in the way.  Just get your offer in front of sellers.” ~ Justin Williams“Work hard for your money” ~ Ginger Macias [Tweet this!]Links and ResourcesOCWholesalers.com (for buyers)RealEstateInsiders.co (for students)“Rich Dad, Poor Dad” by Robert Kiyosaki [affiliate link]realestatecashnetwork.comProbate lead companies on GoogleForeclosureforum.com – Ward Hanniganlistsource.comcraigslist.orgfeedly.comflipcomp.comProperty RadarGoogle Maps (maps.google.com)firsttuesday.us (California real estate forms)Bigger PocketsLinkedInFacebookAweberSimultaneous close (on Ginger's membership website)TranscriptClick here to Read and Download the Transcript for Episode 15Other Items MentionedDon't forget that you have just one more week to enter our marketing challenge contest with Ryan Skalla.  Post up your biggest marketing challenge and enter to win a chance for a free 20 minute coaching calll with Ryan and myself.  Click here for details.Win a private coaching call with Justin and Ryan!Our contest with Robert Fragoso is over and we will announce the winner of the VIP House Flipping networking event tickets next week!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 15: Part 2 – Wholesaling Pro-Tips with Ginger Macias appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.
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Dec 25, 2013 • 58min

HFHQ 14: Part 1 – Ginger Macias Shares Her Wholesaling Process

Merry Christmas everyone! Today Santa is bringing you some serious house flipping knowledge in the form of Ginger “the Wholesaling Queen” Macias and her veritable mini-course on wholesaling.With all the information Ginger shares we had to break this interview up in to two episodes again.  (This is becoming a habit!)  In Part one Ginger shares how she got started in real estate investing and then gets really detailed with the first of her five steps to wholesaling: finding the seller.  If you want to know how a successful wholesaler finds deals, then you really have to hear this episode!On Friday we'll post up part 2, so be sure to check back here for that one!   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 NotesIn this episode we cover:Ginger's background and how she discovered real estate investing and went “all in” with her business, plus lessons learned from her early experiencesThe importance and examples of sticking with things and never giving up with House FlippingWhat is wholesaling? And why is it a great way to make money with zero capital or risk.Ginger's five steps to wholesaling, and which two are the most crucial.Find the sellerHow the state of the market determines the type of sellers you try to find.The importance of creating a website and online marketing.How, where and when to use bandit signs in today's market with the best results.Where and how to find probate lists, foreclosure lists and more.Ginger's approach to “driving for dollars”.How Ginger works with real estate agents to find deals.Ginger's step-by-step method to use Craigslist to find deals (and what to look out for!)TranscriptClick here to Read and Download the Transcript for Episode 14Memorable Quotes“Never give up” ~ Ginger Macias [Tweet this!]“Try not.  Do or do not. There is no try” ~ Yoda [Tweet this!]“80% of your success comes from your attitude” ~ Ginger Macias [Tweet this!]“The most dangerous of human traps, is the dungeon of comfort” ~ Robert Kiyosaki [Tweet this!]“As a wholesaler, your number one priority is to know your market, and to know your after repair value” ~ Ginger Macias [Tweet this!]Links and ResourcesOCWholesalers.com (for buyers)RealEstateInsiders.co (for students)“Rich Dad, Poor Dad” by Robert Kiyosaki [affiliate link]realestatecashnetwork.comProbate lead companies on GoogleForeclosureforum.com – Ward Hanniganlistsource.comcraigslist.orgfeedly.comflipcomp.comProperty RadarGoogle Maps (maps.google.com)firsttuesday.us (California real estate forms)Bigger PocketsLinkedInFacebookAweberSimultaneous close (on Ginger's membership website)Other Items MentionedDon't forget that you have just one more week to enter our marketing challenge contest with Ryan Skalla.  Post up your biggest marketing challenge and enter to win a chance for a free 20 minute coaching calll with Ryan and myself.  Click here for details.Win a private coaching call with Justin and Ryan!Our contest with Robert Fragoso is over and we will announce the winner of the VIP House Flipping networking event tickets next week!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 14: Part 1 – Ginger Macias Shares Her Wholesaling Process appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.
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Dec 20, 2013 • 56min

HFHQ 13: Part 2 – Direct Marketing Masterclass with Ryan Skalla

Discover the next evolution in your business with master of direct marketing, Ryan SkallaRyan Skalla is a direct marketing machine! In the last 10 years he went from leaving a job in software development and buying his first subject 2 property to creating a marketing funnel that has helped his house flipping business grow by 400% in the last 6 months. We cover so much in this interview that I had to break it in to two parts!Today is part 2, so if you haven't listened to part 1, be sure to check that out first.  Click here to listen.In this part of the interview Ryan shares more information about marketing and how we was able to increase his ad spend by 40% with complete confidence, his approach to lists and how he finds the best prospects, and what he spends 80% of his personal development time learning about (and it isn't real estate!).  Ryan really delivers and shares specific steps on how to discover the next evolution in your house flipping business.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 NotesIn this episode we cover:The three parts of marketingGeographic – locationDemographic – personPsychographic – typeWhy Ryan increased his ad spent by 40% without hesitationHow to know when your marketing is causing a reactionRyan's approach to lists to find the best prospectsLook for anomalies, commonalities and patternsWhat Ryan spends 80% of his professional time learning about and why he doesn't study about real estateThe value of effective copy writing and why it is a good idea to outsource this skill set.How Justin and Ryan are going to raise their professional relationship to the next levelWhy Direct Mail response rates are irrelevantThree steps to discovery the next step in your business evolutionTrackingFill the holesImprove and Scale your KPI'sMail, calls, offers, deals, average profitWin an a personal consultation with Ryan and Justin with their Marketing Challenge Competition.Write your biggest marketing challenge in the comments below, receive our feedback, and you will be entered to win!Win a private coaching call with Justin and Ryan!Memorable Quotes“Business … is about controlling your emotions” ~ Ryan Skalla [Tweet this!]“What gets measured gets improved … if you don't know your numbers how can you expect to improve them?” ~ Ryan Skalla [Tweet this!]“I don't care about the 99 who didn't respond.  I only care about the one that does.” ~ Ryan Skalla“Time and circumstance will change all seller's minds” ~ Ryan Skalla [Tweet this!]“In the beginning you are sort of gambling, you're trying to see what works, but now I have results so if I do this again, I'm going to make money again.” ~ Ryan Skalla“Nail it and scale it.” ~ Ryan Skalla [Tweet this!]Images and PhotosIn today's episode I mention that, even though I spent a “day off” from House Flipping, I was still able to connect with some realtors, a private money lender, and got a lead on a house to purchase.  All this while the rest of my business was still operating. The reason I share this is to let you know that you never know where opportunities and relationships will come from so always be open to sharing who you are and what you're doing with those you meet.Here are some pictures of my daughter and I when we went to purchase our truck.Justin and his daughter saying goodbye to their old DodgeJustin and his daughter buying a truckOther Items Mentioned“STARTING or Taking Your Business to the NEXT Level!”Also, don't forget to enter the contest that Robert Fragoso and I have running until Saturday, December 21, 2013.Some more details … Robert and I are putting together an amazing opportunity for you to meet and discuss real estate investing with some of the top people in the game. Here's what you have to do:In the comments section of Robert's podcast show notes page, write down something specific you will do in the next week to either get your house flipping business started or to take it to the next level. It should be specific, measurable, and actionable.Until Saturday, December 21, 2013, Robert and I will review your entries, provide some feedback/suggestions, to make sure you are on the right track and then pick one of you to join us at an amazing networking event in the private Hyde Lounge at an upcoming Clippers basketball game.Don't over complicate it. The winner will be chosen based on the simplicity of their actionable item and how it will directly help them either begin or improve their business. Oh and you have to actually do what you say you are going to do TranscriptClick here to Read and Download the Transcript for Episode 13Like 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 13: Part 2 – Direct Marketing Masterclass with Ryan Skalla appeared first on House Flipping HQ. Hosted on Acast. See acast.com/privacy for more information.

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