Storage Wins

Alex Pardo
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Oct 22, 2018 • 14min

EP250: The Sales Process That Uncovers Your Prospects Pain and Motivation — Explained!

Alex is a little under the weather and is losing his voice, so please bear with him during this big milestone 250th episode! In this solo episode, Alex explains the sales process to help uncover pain and motivation from your sellers. If there is no pain, then it's very hard to find a solution for your customers! Key Takeaways: Alex can't believe he's 250 episodes in! Alex loves John Martinez's sales training course and has taken his team through it. It's so important to focus on the seller and build rapport with them. Remember, without pain, there is no sale! Ask the seller why they decided to reach out to you. Sometimes the solution you bring to the table isn't something the seller will need right now. What are some examples of impact questions? You then want to ask picture-perfect questions. Alex shares some examples! Are you using the sales process consciously or are you just winging it? You don't want to beat your sellers into 'submission.' That's a big 'no-no' and there's a better way to approach it. Mentioned in This Episode: To apply for our next Holiday Mastermind in (Exotic Location TBD), please go here: Flipempire.com/holidaymastermind If you are interested in joining our team, you can Apply Here: Flipempire.com/teammember Episode 78: "John Martinez on How To Get More Contracts and Close More Deals (Part 1)" Episode 80: "John Martinez On Crushing It At The Homeowners House (Part 2)" Episode 186: "Greg Helbeck Breaks Down The Sales Process (So You Can Help More People, Close More Deals, and Make More Money!)" Episode 188: "Greg Helbeck & Alex Pardo Role Play a Face-to-Face Seller Appointment, and Then We Break It Down So You Can Understand the Sales Process (and Leverage the Same Proven Framework To Drive More Revenue) — Part 2" Take Action Now on John Martinez's REI Sales Academy. I have personally gone through this training, and have invested for my entire team to go through. I HIGHLY recommend it! Tweetables: "The doorway to pain is by asking the seller 'problem questions,' which zero in on the seller's problem." "If the seller has no pain, chances are you can't really help them." "Essentially picture-perfect questions are building a bridge between where the prospect is and where you want to be." Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Subscribe To The Flip Empire Show, and Leave a Rating & Review!
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Oct 18, 2018 • 8min

EP249: The 4 Phases of the Real Estate Cycle (and How To Position Yourself To Take Advantage)

Alex shares why he is building up his cash reserves and getting smarter with his money. As everyone knows, real estate has cycles and the last thing you want to do is be thrown in with the sharks when the market turns. Key Takeaways: Where are we in the real estate cycle right now? Don't try to time the market. Get smart with your cash and build up reserves, so that you don't get hurt when the market turns. The market will correct itself, it's just a matter of 'when.' Always build relationships with lenders and potential JV partners. Know your market and be careful with the types of rehabs you're getting into. Make sure you're paying yourself first. Amazon keeps 3% of their market cap in cash reserves. NVR Inc. keeps about 20% of their worth in cash. If you have a risky business model, you should have more cash reserves on hand. Mentioned in This Episode: Feel free to connect with Alex about doing a JV! Email him at alex@flipempire.com Check out the Holiday Mastermind (in Bimini) Video Trailer Here. To apply for our next Holiday Mastermind in (Exotic Location TBD), please go here: Flipempire.com/holidaymastermind Interested in joining Alex's team as an Acquisitions Specialist (outside sales)? Apply Here Book Recommendation Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine, by Mike Michalowicz Tweetables: "It's very difficult to try and time the market." "History is a predictor of what's to come to the future." "If you guys have a lot of cash tied up in fix-and-flips… be careful." Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!
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Oct 15, 2018 • 15min

EP248: How To Increase Your Sales Conversions (and Get The Most Out of Your Appointments with Sellers) - Part 2

Alex is back with another solo episode to wrap up Part 2 of how you can make a long-lasting impression and close that deal with your sellers. Building rapport during the face-to-face appointment is critical. People do business with people they know, like, and trust! So, spend some time building that trust. Key Takeaways: When you first walk into the seller's house, don't talk about the house! Sellers aren't going to work with you if they don't feel comfortable. Try to connect with the seller on a personal level. Get the seller to say in their own words how much it would cost to fix the house to retail condition. How much does the seller think their property is worth? You always want to get your seller to say a number first, and then 'price anchor' them. People are more likely to believe something they came up with as opposed to your 'influencing' them or selling them on that belief/idea. Be aware of how you price anchor people. Do you always jump up in even numbers? Give them more odd (smaller) increments. Please consider leaving a review on iTunes. Mentioned in This Episode: To apply for our next Holiday Mastermind in (Exotic Location TBD), please go here: Flipempire.com/holidaymastermind If you are interested in joining our team, you can Apply Here: Flipempire.com/teammember Episode 246: "How To Increase Your Sales Conversions (and Get The Most Out of Your Appointments with Sellers) - Part 1" Episode 78: "John Martinez on How To Get More Contracts and Close More Deals (Part 1)" Episode 80: "John Martinez On Crushing It At The Homeowners House (Part 2)" Take Action Now on John Martinez's REI Sales Academy. I have personally gone through this training, and have invested for my entire team to go through. I HIGHLY recommend it! Tweetables: "Sellers aren't going to work with you if they don't feel comfortable." "People do business with people they know, like, and trust." "Without pain, there is no sale." Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Subscribe To The Flip Empire Show, and Leave a Rating & Review!
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Oct 11, 2018 • 9min

EP247: Create a Magical Experience for Your Customers the Way Walt Disney Did!

Alex recently got back from a trip to Disneyworld with his family. Wow! What an experience. Walt Disney was visionary in more ways than one and Alex shares some of his takeaways from what he saw (and felt) at the park. The customer experience is so important and it's one of the main reasons why your customers turn into raving fans. Key Takeaways: How can you create raving fans? Alex just got back from Disneyworld with his family. Walt Disney was an incredible visionary. If you've ever been to Disney, you're going to notice how clean it is… and that's by design! Disney's theme parks bring in from between 40,000-50,000 people a day! Think about how much revenue that is. Two people have recommended to Alex that he go on a Disney cruise just for the customer service experience alone. What's the standard you have in your business? How do you create an unforgettable, going above and beyond, experience for your clients? Let Alex know your thoughts on the subject and reach out to him! Mentioned in This Episode: Feel free to connect with Alex about doing a JV! Email him at alex@flipempire.com Check out the Holiday Mastermind (in Bimini) Video Trailer Here. To apply for our next Holiday Mastermind in (Exotic Location TBD), please go here: Flipempire.com/holidaymastermind Interested in joining Alex's team as an Acquisitions Specialist (outside sales)? Apply Here Tweetables: "How do we create an experience, an unforgettable memory, in people's mind so that they continue to come back to you over and over?" "Somewhere between 40,000 to 50,000 people visit these parks on a daily basis. Wrap your head around the revenue that's generated just on a daily basis." "What kind of experience do your customers and clients have when dealing with you, and how do you take that to another level?" Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!
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Oct 8, 2018 • 13min

EP246: How To Increase Your Sales Conversions (and Get The Most Out of Your Appointments with Sellers) - Part 1

Alex does a two-part solo episode about making a long-lasting impression with your sellers while you or your acquisition team are on appointments. If you don't know how your team is treating them on the phone or even at appointments, you're going in blind and not bringing the best service you can to your customers. Alex offers tips on how to better improve your process and get that deal. Key Takeaways: How do you get the most out of your appointments with sellers? Have you noticed that most people are really awful listeners? How are you treating people on the phone? Are you engaged? Are you listening? If your state allows it, get your calls recorded for internal training purposes. When you listen to a recording, you really pick up on some of the subtleties that you missed in the beginning. Might sound obvious, but prepare, prepare, prepare before your appointment! It's never one-size-fits-all with sellers. Have you ever shaken someone's hand only for it to get crushed by Godzilla? The more info you have, the better equipped you are to offer customized solutions for them. Focus on them first! Sellers always receive a text and email confirmation with info about the company once an appointment has been set. Bring a printed package with you so that sellers have something physical to hold onto and to see physically. Stay tuned for Part 2! Use the search bar to find podcast episodes and topics Alex and his guests have covered in the past! The Flip Empire Inner Circle Want to close more deals and generate more revenue? Have questions you want to ask me? Interested in generating more leads, creating systems, automating your business, or just growing as an Entrepreneur? This isn't your typical coaching program that charges you b/w $5,000 - $50,000. This is a small community of experienced, like-minded, successful Real Estate Investors. Click To Apply, and let's talk! Mentioned in This Episode: FlipEmpire.com Flip Empire Private Facebook Group The Flip Empire Show on iTunes Email Alex: Alex@FlipEmpire.com Interested in joining The Flip Empire Inner Circle (Small Group Consulting Program), apply here: Flipempire.com/application Take Action Now on John Martinez's REI Sales Academy. I have personally gone through this training, and have invested for my entire team to go through. I HIGHLY recommend it! Tweetables: "In a competitive landscape, there are certain things you have to do to go above and beyond and it starts the moment somebody walks through your door." "Being a good listener is an extremely critical skill to have, especially when you're dealing with sellers or any type of sales environment." "One of the things I'm constantly preaching to the acquisition guys is preparation, preparation." Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page and record your question. We've made it super easy for you, so let us know what challenges you are having and Alex will answer it personally! Subscribe To The Flip Empire Show, and Leave a Rating & Review!
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Oct 4, 2018 • 14min

EP245: Before Getting into a Deal, Calculate the Headache Factor

Alex was presented with a really good money-making opportunity, but he had to stop himself before he could take it on. Why? Because money isn't everything and it shouldn't distract you from your bigger picture, from your vision. Alex shares examples of why you need to slow down, practice patience, and really — THINK — things through before jumping on the money. Key Takeaways: Do you make decisions based on how much money you're going to make? Alex shares an example of choosing your opportunities based on the amount of money you think it might generate. Today, Alex filters his opportunities through a different decision-making process. What's the headache factor going to look like? Are you going in a million different directions? Alex found himself almost making a bad decision based on seeing a new 'opportunity' come up on his horizon. Bad idea! We want the microwave result, but what we really need is patience. There are some cases where you need to go slow. Jogging or running isn't the ideal pace to handle certain things. Mentioned in This Episode: Feel free to connect with Alex about doing a JV! Email him at alex@flipempire.com Check out the Holiday Mastermind (in Bimini) Video Trailer Here. To apply for our next Holiday Mastermind in (Exotic Location TBD), please go here: Flipempire.com/holidaymastermind Interested in joining Alex's team as an Acquisitions Specialist (outside sales)? Apply Here Tonyrobbins.com/disc Tweetables: "Does this fit my vision? Is this alignment with what my goals are?" "If you're jumping at every opportunity that gets in front of you, my guess is you're not focused." "Why walk when you can run or jog? But sometimes, that's not the best pace." Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!
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Oct 1, 2018 • 40min

EP244: Kevin Bupp on the Top 3 Reasons Why You Need to Buy Mobile Home Parks

Kevin Bupp is a mobile home expert and owns several mobile home parks. He is also the host of Real Estate Investing for Cash Flow and The Mobile Home Park Investing podcast. On today's show, Kevin explains why he's passionate about owning mobile homes, some of the reasons why he prefers it over single and multi-family properties, and he also shares his 2008 story where he found himself broke and nearly homeless. Key Takeaways: Kevin had hit some really hard struggles with his business during 2008. In his single-family homes, Kevin lost about 18% occupancy within 6 months. Kevin was faced with foreclosure on his primary residence, his credit score dropped down to the 500s, and the lawsuits were coming in. However, the silver lining was that Kevin met his now wife while he was defaulting on everything. If you're struggling financially, there is a way out. Hopefully, Kevin's story inspires you! What was Kevin's mindset like while he was going through the downturn? Kevin tried to focus on the things he could control, which were his health and fitness. In 2011, Kevin made the decision to jump back into real estate. How did Kevin get into mobile homes? New mobile homes just aren't being built due to the stigma. Most tenants who move into a mobile home will stay there forever! What are some of the challenges of owning and running a mobile home park? However, it can be tricky finding mobile home park owners who want to sell. Curious to know more? Reach out to Kevin! What's the biggest lesson Kevin has learned so far? Mentioned in This Episode: Connect with Kevin: kevinbupp.com and Sunrisecapitalinvestors.com Facebook.com/RealKevinBupp Real Estate Investing for Cash Flow Podcast The Mobile Home Park Investing Podcast Tweetables: "I went from having hundreds of thousands of dollars line of credit to tons of foreclosures and lawsuits." "It's really difficult to step out of the bubble you're in and realize there are opportunities when literally there's your blood in the street." "Chances of getting approval to build a new mobile home park, you'll maybe get 1 out of that 100 you'd get approval, and it would have to be high-end." Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!
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Sep 27, 2018 • 14min

EP243: How to Find Amazing People That Will Help You Succeed Part 2

Alex continues his discussion on how to find the right people for your business. He recently listened to a talk that helped him think a little bit bigger and put himself in the shoes of the interviewee. How can you make someone feel really welcomed and cared for in a company? Alex shares what some of his successful friends do to make the onboarding process a lot more personal and easy on the new guy. Key Takeaways: Reach out to Alex and let him know what type of content you'd like to see! Last week's episode covered a bit about Alex's hiring process and company culture. In Part 2, Alex shares some things he's striving toward in the company and what he's currently implementing. Take yourself through the interview process. How would you do if your company wanted to hire you? During step three of the interview process, take your applicant and his/her spouse out to dinner with you and your spouse. Get to know them on a personal level. Create detailed documents to help onboard your new employee and provide them with the tools they need. Start thinking bigger and start operating like a highly successful company. Don't hold yourself back! Alex recognizes that there's a couple of things he can do better to help make a new team member feel really welcomed and cared for. Mentioned in This Episode: Feel free to connect with Alex about doing a JV! Email him at alex@flipempire.com Check out the Holiday Mastermind (in Bimini) Video Trailer Here. To apply for our next Holiday Mastermind in (Exotic Location TBD), please go here: Flipempire.com/holidaymastermind Interested in joining Alex's team as an Acquisitions Specialist (outside sales)? Apply Here Tonyrobbins.com/disc Tweetables: "Make sure you protect your team — your culture — and you're bringing on the right people for the right seats." "I want my wife — my significant other, who knows me — I want her to be the last safety net and to get an outside perspective." "Hopefully this helps you to think better and, honestly, it's helping me think bigger too." Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!
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Sep 24, 2018 • 55min

EP242: Jay Conner: How to Raise $2.1 Million in Private Money within 90 Days

Jay Conner is an expert at raising private money. When the 2008 crash happened, banks were no longer lending to investors like Jay. Instead of worrying that he'd default and go bankrupt, he got out there and networked. He ended up raising $2.1 million within 90 days and kept his business afloat! On today's show, Jay explains how private money lending can work for you and your business! Key Takeaways: Jay is a master at raising private money and will be teaching you a thing or two today! What does Jay's business look like today? Jay's average profit per deal is $67,000! How did Jay first get into private money? Everybody remembers what happened in 2008-2009. Well, during that time, Jay's credit completely collapsed. However, in the first 90 days, Jay was able to attract and raise $2.1 million. Jay shares Jack Canfield's formula. We are all 100% responsible for choosing how to respond to the events that come along in our life. How in the world did Jay raise that much money in 90 days? Jay did a private money lunch-in and he received $969k just from that! There were only 25 people there. What's the difference between private money and hard money? Jay has a servant's heart and he makes sure he looks after his private money lenders. When does Jay consider using private money? How does Jay find his private money lenders? Go where the money is! Jay explains what a typical conversation looks like with a potential or new private money lender. Are you not comfortable asking people for money? Jay shares examples on how to get around that. Jay talks about his three-day Private Money Event (with a special Flip Empire discount). What's one piece of advice Jay would share with his younger self? Mentioned in This Episode: Jay's Online Private Money Class Jay's Three-Day Private Money Event Book Recommendation: Hal Elrod's Miracle Morning Millionaires: What the Wealthy Do Before 8AM That Will Make Your Rich Tweetables: "Since that phone call with my friend Steve, I have never missed out on a deal because I did not have the money." "It's impossible for you to fail until you decide to give up." "If you're not enjoying the outcome, change the response." Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!
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Sep 20, 2018 • 11min

EP241: How to Find Amazing People That Will Help You Succeed Part 1

Alex shares advice on how to find and hire valuable people on this week's episode. Alex refuses to hire someone who just wants to sit complacent and get a paycheck. Don't forget it doesn't just come down to hiring someone who is talented, they have to be able to fit into the company culture you have built too! Key Takeaways: You can't control the market, but you can control who you hire! What should you look for when hiring talent? The people you hire will build your culture, whether you want it to or not. What is your time worth? Document every single thing you do in the business. Alex wants to hire people on his team who are hungry for personal development. He wants people who are ambitious. Once you place an ad out, what's your system to shift through the resumes? Going forward, Alex will be getting his team members on the interviewing process. Alex wants to make sure that what he and his team have built is protected. Stay tuned to part 2! Mentioned in This Episode: Feel free to connect with Alex about doing a JV! Email him at alex@flipempire.com Check out the Holiday Mastermind (in Bimini) Video Trailer Here. To apply for our next Holiday Mastermind in (Exotic Location TBD), please go here: Flipempire.com/holidaymastermind Interested in joining Alex's team as an Acquisitions Specialist (outside sales)? Apply Here Tonyrobbins.com/disc Tweetables: "It's impossible to build a business, scale a business, all by yourself." "You have to be crystal, crystal clear what you stand for, why you're in existence, what's your purpose and core values." "I just need somebody who is hungry for personal development." Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the "5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)" video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!

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