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!
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.
If you think you want to flip houses and have not done anything before in the flipping business, this podcast is for you. The best thing you can master in this business is deal hunting. In other words if you have motivated sellers calling you. And if you want to jump start your flipping career the best thing to do is to have sellers calling you. If you have sellers calling you – you will figure out how to make a deal. Once you have that pressure you will be in the business. So the best thing you can do is marketing. You will always be marketing for deals, money to do the deals, and buyers or occupants. Thing is you will want to put a team around you. And that (by the way) is not the first step. The correct way to do this is to find a deal or two that accepted your offer, then start talking to others about that deal. You will notice it is much easier to to find your team when you have deals. However, what deals do you want? And who do you want to help you with those deals? These are things you should figure out after you have a deal or two. Believe me when I say this is the best way to start. When Pete the Rookie started, this is how we got him started in just a few weeks time. And we offer you a beginners checklist to help you get started. We released it on this podcast for all of the listeners who support us while listening. Make sure you listen a few times to get all of the jewels out of this hour long podcast!
In this episode you will learn how to get time back in this business. If you don’t want to wast a LOT of time talking to people who are not selling houses, this podcast is for you. Bill reveals his not told before formula on what to do. And when you do this magic formula – you get good leads to work with. But of course not every person responding to your marketing will be ready for your help. Plus this formula is a BIG reason why Bill’s closing percentage on his offers are so high. So then you will need to start “weeding out” the suspects who steal your time. Well how do you do this? A lot of folks don’t have a good closing ratio when making offers. So Bill goes over the 5-steps to a sale, and why you need to do them to buy houses. If you understand this you will actually need LESS leads because you will have more deals. It is truly amazing how this works. Then you will need to know what a GREAT deal looks like. And, how you will know what it looks like so you can move quickly and get that deal. Lastly, Bill talks about the words MOST of use to kill deals even before they start talking to the seller (or soon after you start talking). You will be amazed at how much this works against you when you use these words. Amazing podcast with TONS of great jewels to learn from.
So what steps do you take when you first start out flipping houses. In this episode you will get a clear view of how to purchase a house (whether you have done it before or not). Once you know the sequence you can rinse and repeat it as much as desired. Knowing these steps helps clear up a lot of confusions. In the middle of this podcast Bill slips and tells Pete his amazing steps to a sales cycle. And how he uses it to make deals. It sounds like pure theory but if you follow these steps you will buy houses. This leads to who you want on your success team and who you don’t want on the team. This include how to deal with contractor’s and why this is so important. In the middle of this podcast Bill explains why most investors lose deals before he even gets started (hint: it’s what you call yourself on introduction). This is HUGE once you hear it. Then Bill covers why you never take a person off your list, and why it is so vital. Bill then covers why it is so important to be focused. Which starts from the first step and how you look for houses. The biggest success is the crowd you are speaking to on how well your results are. In the end Bill shows you how to follow his 4-step formula to get deals and how to deal with them one-by-one. Great episode to help getting the steps to success under control.
Learn to flip houses at: http://flippinghouses.club
In this episode Bill & Pete cover how to hunt out deals. If you don’t have people calling you to sell houses, you just have a hobby. The show starts off by talking about money and how cash flow rules, and how to get it. And it starts with getting deals come to you. In this episode Bill covers lots of theory and how you can get incoming calls and how to turn these into profit. This leads into some basic marketing laws you have to understand before real success can happen. Good news . . . once you understand this, you will have success. The market you promote to is vital to your success. So Bill goes over who these people are, and where to find them so you too can market to them and start getting calls in your area. Once you master this part of the industry you will never worry about income again. So make sure you listen to this episode a few times.
Learn to flip houses at: http://flippinghouses.club