Flipping Houses for Rookies is a podcast that focuses on all the important factors that you need to do to flip houses and get into the real estate investing business! You can listen to all of the podcasts below or to the right. You can also find them on iTunes (button to the right to subscribe!), Google Play, or any of the major podcasting services!
Okay, in this show Bill & Lisa cover some of the most popular Myths that keep folks from getting started. Once you get thru these in your own mind, you will lung forward in having success. Most of your barriers are between your ears and have to deal with that first. The practical examples that get covered in this show definitely make you think of the conversation you are having in your own mind when no one else is around. And, by the way, causing you to make decisions that are not always conducive to what you expect as a turn out – or end result. Get thru this in your life and you WILL start moving much faster. The way you want to. Take your time and listen while taking notes on this one!
WOW . . . I think this is one of the best shows we have done. Bill & Lisa cover in great detail how to raise the money to buy deals. Most think they don’t have the available resources to buy real estate. But low & behold it is just the biggest myth in the industry. The description is not big because you just need to listen to this show!
You can’t eat everything that looks appetizing is a special episode that covers how and why you should not buy every deal. In fact, some deals are best to pass on. And in this episode Bill covers how you can figure this out. What you will learn from this episode is how to weed out what doesn’t fit your criteria. And not knowing how to do this may kill your career before you ever get started; and won’t even know you did it. Then wonder why you didn’t succeed. Then bitch about how bad the industry is, and you killed yourself. If you don’t do the stuff on this episode, you may not make it. Bill covers some of the things he does when making these decisions and how he evaluates whether or not to do a deal. The amount of pragmatic information in this episode is more than normal. So enjoy.
In this episode Bill has his Acquisition Manager on the podcast (Plus Pete The Rookie). She has done about 20 deals and has a new perspective on how to get started. This episode covers a lot of practical things that happen when you first get started. And some of the things you have to avoid when first starting out. Then we cover how not to be so cautious you don’t do deals. Or so worried about doing a bad deal – you never buy something! So Bill covers the four basic steps Bill uses to do every deal – to this day. These 4-steps, if followed, WILL get you deals bought. Bill and the guys go over this in great detail. And at the end of the podcast Bill completely discusses how to buy property without risk. And this is worth the time you will put into listening to this episode.
In this episode Bill reveals some of the worst ways to invest in real estate. The show starts off with talking about some of the details you should know when investing. Then the conversation moved onto dealing with people in this industry; and how Bill deals with information. This turned into a conversation about how to work on each deal. Bill covers how he deals with each transactions. Then Pete covers some of the things you want look at as a rookie. This turned the conversation into how you can do this business at first with no risk, or money. The conversation revealed so much extra’s on real life examples of what Bill & Pete have run into with others. If you want to hear real live everyday activity that is happening this week, this episode is a great one to listen to. Very pragmatic and logical so you can really learn a lot.
Money now, money monthly, money later. In this episode Bill & Pete talk in great detail how to make the most money from every deal. Bill covers how he looks at deals, and vets out the best profit strategy when looking at the deals. While talking to Pete, Bill talks about how he pre-screens his calls so you are not on the phone all the time talking to “tire kickers.” This turned into some of the language you should use when talking to sellers on the phone and making offers. As things progressed, Bill & Pete got into how Bill sells houses on auto pilot. Bill goes over the 7-deals he uses to make the most amount of profit from every deal he runs across. Then all of sudden Bill starts talking about how to invest WITH NO RISK or NO (or low) MONEY from you. Bill goes into detail with this exact point. This is actually how to own nothing, and control everything. Lot’s of very good tips & tricks during this show. Worth listening to for sure!
What most don’t realize in real estate, they are looking in the wrong place to find deals. In this episode we start off talking about a deal Pete did with owner financing, principle only payments. For ten years. At 66 cents on the dollar. In other words: Pete bought this property at a 34% discount. And we cover the whole deal in the beginning of the call. Then we went over some of the other deals Pete has done over the past ten months. Previously to that, Pete knew nothing about real estate investing. We moved onto what kind of seller do we need to find to get these deals. And, most of these sellers have pretty houses so you don’t need a lot of money for repairs and run contractor’s. Instead you will work on finding the buyer so you can cash out. Pete talked about the difference between talking to the right seller, and the wrong seller. The system we are talking about works. In actual fact, the only thing Bill spends all of his time doing is just keep folks on track to use the system. A lot of people fall of the tracks and needs Bill to get them back on track. And when they do, they get results. So if you want to get going in real estate investing. This is a great episode to listen to. Also, on this episode we start taking questions from liteners. And this has added a whole new level of training. So don’t miss this one!
Dear boos . . . I quit! Isn’t that what a lot of us want? We start the episode off with the three MAIN things you need to do every week. And if you don’t do it, you WILL not be in the business. You will get kicked out like a whore in church (joke). Then Bill goes over how you can get a ton of research and development at your finger tips. And where this information came from. Then Bill covers how to find the hyper active areas of your town. In fact Bill goes over the following steps to get thru a deal. Step-by-step so you can get it. If you understand how these steps fully, you can make money buying and selling pretty houses. This is actually a HUGE business that does not need a lot of attention (like rehabs). Or any money. In fact most of the time we buy those houses with less than $100 out of pocket. If you want to fire your boss, this is a perfect episode to listen to.
Ever think you need to be stubborn to make it thru this business? In this episode we are going to cover how thick your skin has to be to make it. Here we let the cat out of the bag on why it is so hard to get started in this industry. And, you won’t believe how much the card deck is stacked against you. Which means once you learn this, you can start making traction. Bill cover how to make $100K a year with real estate. And the different types of deals you will need to do. Then we will move on to all of the things you think you know. And whether or not they are correct pieces of information to hang onto. In fact most often the common data you have is totally false. And in this episode we cover the types of information you need to hang onto to actually make money. Then Bill covers how these days the selling client makes the offers. He does not make offers anymore. And we use one of Pete’s deals to show how this works. By going over (in detail) the offers we gave the seller you can glean amazing information on how we do these deals. Totally over the shoulder type podcast. This also walked us into how to talk to private money lenders to fund your deals. In final Bill covers how you need more than mental information, and exactly what you do need to be successful.
Today we start the show out by talking about a deal Pete is working on. It is an owner finance deal that was awesome. No money down, money monthly, and money later. Great example of how to do it. Bill covers the offers Pete made to get the deal. Great lessons to learn how to do deal structuring. Bill & Pete then talk about all the math and how Pete will sell the property. Then we move into how to create deal flow, and when to work on it, and why? The conversation then turns to the BIGGEST difference between what we do and what a Realtor does. And you will be completely surprise on the answer. In fact, if you don’t know this one fact you could go months or years fighting this battle and making less money. While talking about deal flow Bill slips and tells you the exact thing you need at a closing, otherwise the deal is BAD! Then he slips and let’s you know his powerful negotiation tool. This one tool makes him hundreds of thousands of dollars. After we get through all of these jewels Bill gets into how he has a constant deal flow. And you will be surprised how simple it is. In fact, if you are not careful, you might miss it. It’s that simple. Then Bill & Pete cover if you really have time to do this business. And you will be amazed how much time you have, if you just do this one drill Bill & Pete do. After this drill you will have NO excuse. TONS of practical information on this episode.