In this episode Jessie (Bill's daughter) is a guest speaker. Jessie just went through a FHA 203K loan (A type of government loan). By the end of this show you will have a complete understanding the advantages & dis-advantages of this special type of loan the government uses for people like Jessie who want to buy an UGLY house and renovate it. Using this very special type of a loan. A Very good episode to listen to if you have no clue how you would find "hard money" or "private money" to do renovations! Jessie tells use her hands on experience while going through this process. This is an absolute MUST for anyone who thinks they can't get money to buy a house and flip it!!!
In this episode Bill & Pete go step by step on how you can get started in real estate investing. Bill starts the episode off by talking about his current situation on how he had to go to a building department and get out of trouble. Or, actually, not get out of trouble. This parrable is worth listening to for all of it's lessons. Then Pete brings up how the whole process is not just renovating the house. It is a lot more than that. Knowing what Bill & Pete cover in this episode is the fundamentals of how to be successful in the real estate business. Listen to this show for some HUGE secrets on how to handle each step of the process perfectly.
In this episode Bill, Pete, and Lisa cover what an amateur is, and what a professional is. Lisa brings up that amateurs can make money by buying one or two houses. Bill & Pete argue the point this is not really true! This ends up with pulling out a dictionary and looking for some clarification on what you should do. Do you need an elementary education, a high school education, or college education when it comes to real estate investing? In the end we actually figure out what an amateur and a pro. And which you should need to be to make BIG money. A very good show to listen to if you are trying to ramp up your real estate career to make consistent income and make it your sole income.
MMA (Mixed Martial Arts) or as we call it in real estate . . . Message Media & Audience (MMA). Once you fully understand this basic "rule" you will always be able to make money. The episode starts out by talking about CTN (Criteria, Terms, and Network - or your 'team'). Then the conversation turns into how the real estate economy is at the time of this recording. And what it might turn into. Then Bill covers when you should marketing start and stop while doing a deal, and on from there. At this point the conversation turns to the best way to find your "perfect" audience and what to say them. And, why this is so important in the buying house industry. We then creep into some good advice on how to make offers. Some stuff not covered before. As if in a college course learning to flip houses. A very good episode for beginners.
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.
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
In this episode Bill talks a lot about starting out and cutting the risk down so you don't lose on the deal. He goes over in great detail why this is. And why Rehab Retail is the hardest way to make money in this industry. And how to tell the difference between when to hold, and when to sell. There is actually an exact formula to make this decision. And Bill covers it in this episode. Then Bill slips and explains how to do some of the paperwork for a few different types of deals. This leads into a conversation on how to measure your time against the money you make. Real interesting conversation and an eye opener. And back to talking about terms and why it is so beneficial when it comes to profits. In final, Bill covers his magic formula to sell houses and all the success. Bill tells the whole system without holding back anything. If you can't sell the houses you are buying you WILL NOT collect checks. And if you don't collect checks you will not make money and stop doing this business. Bill knows the fastest way to get your confidence is for you to cash a BIG check. And this podcast shows you how to do that.
For more information how to learn real estate investing go to: http://flippinghouses.club
Ever feel like buying & selling houses is difficult and everyone else can do it except you? First thing with to get over is the "simple" things are the best things to learn. Most of us tend to hear the magic jewels of the industry and discredit them as I can do it better. Why re-invent the wheel when someone has done it before. Bill calls it being a "dumb ass." Or just do what others (mentors) that of done it before advice you do. However you have to be careful who you take advice from. What qualifies "good advice?" Results! That is the test. Make sure there is evidence and it seems logical to do. Bill goes over how to look at things and how to evaluate. Then he reveals his secret with his coaching clients. A lot of folks are in this business just for cash. Bill explains what he focuses on that makes the money role in. Mid way through the show Bill goes over the 4-steps that will get you a deal EVERY TIME! This simple formula is how Bill has bought over 100 properties. And Pete & Bill cover these steps so you can glean a HUGE education out of this one podcast. Fortunately knowing these 4-steps can either get you going, or enhance your business even if you are doing good. But it is too simple. So you may not take the advice!!
OMG! Bill let's the fur fly on this episode. The show starts off with Bill & Pete talking about some of the current deals they are working on the time of the recording. And Bill covers how HUD properties get bought (and reveals a few tricks). Just hearing what Bill & Pete are going through you can learn several lessons. Then Bill moves on and talks about how to deal with thoughts and to actually control them so you can win. The unconscious mind at work. After working with MANY coaching clients Bill says the hardest thing to get new folks to do is to locate MOTIVATED sellers to make offers to. And Bill goes over the 4-step system bill uses to buy a house guaranteed. These steps are amazing - only if you DO them. There is no B.S. in this episode.If you truly want practical advice on the real way to do this business this episode adds to the many day-to-day activities a busy investor does. It is really amazing today's society allows folks like you to find information like this and actually get results.
House Hacking. Have you ever done this? Bought property by deal hacking. This is not a derogatory term. It is actually a way to find and buy and sell houses if you have no money or time. It is actually a great way to get started with wealth building. This is something anyone can do anywhere in the world. It is actually too simple and that is why most people don't do it. Bill actually covers how he has used any one of his seven ways to make offers when looking for a personal property for you and your family. It is a great way to get started. If you are short on time and money this technique is an easy way for you to get started in this business.
So many gurus talk about wholesaling and making $10K. Bill says that is WAY to hard to do. In this episode Bill reveals how to find deals everywhere that can make you $10K within 30-days. And it is on over leveraged properties. Which means the sellers can't sell the property without coming to the closing with a chunk of cash. So this techniques is very strong because it has a built in motivation from the seller. Once you hear how simple this is you will want to go out and do a deal tomorrow. In fact this is a way to buy & sell houses without owning the house. You actually control the property with having the deed (or the risk). It is much better to control the property than to own it because at the end of the day you have very little risk if you don't own the property. It is truly magical. In this episode Bill & Pete go over this technique step-by-step so you can understand it and get going. As a side note Bill talks about why the banks are not is a big hurry to sell REO properties and why they give you a run around when trying to buy from them. Once you learn this you will realize the banks are stealing from the entire country and getting away with this nasty way to do business. Truly eye opening and a must know if you plan to buy properties from banks.
How do you make full time income on a part time schedule? Is there really a way to do this? Is it a scam? Here Bill goes into detail on how you should start in the real estate game. The reason you should listen to this episode is so you can learn how to use $10 as your down payment and get out $10K. Bill & Pete go over how you can help sellers all the way from 150% of its value or if they don't owe a dime. Doesn't matter. We have an offer for them and still make money. But what offer works best when you first start out. How to do create an "equity machine" so we can make money out of thin air? When you hear how Bill controls real estate without risk or never worrying about loosing. If you are new to this business you will want to listen to these un-talked about ways to become wealthy. And it is not the way you think it is. If you DO NOT know these strategies you are missing out on hundreds of thousands of dollars - NO B.S! Making money is one thing - building wealth is another. Here Bill & Pete help you do both (if you want). So make sure you have pen & paper while listening.
If you want more help, go here: http://flippinghouses.club
Why is it that some people are just successful, and some are not? Answer: It's knowing what to do. Do you know the exact steps from start to finish when flipping houses? Bill breaks the whole business down to 6-essential steps you need to go through to get your BIG check. Here are the steps:
1) Finding the time to do this business.
2) Locating the hottest and most motivated sellers in your area
3) Then you will need to handle the calls coming in, how do you do it?
4) Here you will need to make an offer, and get it accepted
5) Once they say yes, where do you get the money?
6) Got it bought, now how do you sell it, How?
This episode goes over each of these important steps and how you can apply them to your life. So listen a few times so you don't miss out on these never revealed information.
For more information go here: http://flippinghouses.club